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Golden Finance reported that the encryption fund Thanefield Capital has proposed a repurchase plan for Gnosis DAO's native token. The proposal aims to deploy 30 million US dollars for regular repurchase of tokens within six months.
Gnosis co-founder Martin Köppelmann supports the proposal but warns that the buyback should be tied to the rise plan.
Since the proposal went live, Gnosis has seen a price increase of over 20%, reaching a high of $320 and currently trading at $308.