Storj will update the economics of network tokens, introducing buybacks and pledges. The first stage is repurchase and smart contract financing. Starting from July, Storj will launch a structured repurchase program to repurchase a certain percentage of STORJ's issuance from the public market. The initial goal is to repurchase 5% of the total monthly token issuance in June, which can be flexibly adjusted according to market conditions and network demand in the future. The repurchased tokens will be stored in publicly accessible wallets in preparation for the launch of the second phase of staking smart contracts. At this stage, there will be no staking or distribution of new rewards. The second phase is expected to introduce a pledge mechanism and reward distribution for smart contracts several months after the launch of the first phase. Node operators can directly pledge STORJ into the contract. Storj is developing a reward mechanism to determine how to redistribute tokens in the staking pool to stakers. This mechanism will not issue new tokens for distribution, and rewards will be fully autonomous by the first stage repurchase fund pool, achieving a closed-loop system based on real network activities. Storj plans to incorporate the current position system into the new staking mechanism. After the plan begins, the team will issue regular reports, providing the latest information on repurchase volume and pledge reserve accumulation. https://www. (storjtoken.com)/blog/the-next-evolution-of-storj-tokenomics-introducing-buybacks-and-staking-to-stabilize-network-supply-and-fuel-network-growth? utm_campaign=5481905-FY25%20Brand&utm_source=twitter&utm_medium=social&utm_term=social&utm_content=Storj%20Token%20blog