BuyBacks are a common form of value distribution to asset holders and are used by many companies in the classic financial system.
The Public BuyBack Fund is filled with streams of revenue coming from different products implementing the Pungo token. The funds are stored in escrowed multisig cryptocurrency accounts.
We have partnered with INLEA FOUNDATION, through its Opening Chain Project. The Foundation provides an escrow service on the Public Buyback Fund and a set of transparency reports which are monthly published in its website.
Public Buyback Fund is kept in 2 of 2 multisignature cryptocurrency accounts which are controlled by 2 entities guaranteeing the accumulated funds are only used to buy back Pungo tokens from token holders.