Sahara AI announced a voluntary extension of token lockups following the June collapse. Investors' lockups have been postponed by 3 months, while lockups for founders, the team, and advisors have been extended by 6 months.
Regarding buybacks and token burning, the team declined to proceed: buybacks are planned solely from revenue generated as products grow, and there are no plans to introduce a burning mechanism—SAHARA has a fixed supply, and “artificial scarcity” is not the goal.
Upcoming plans include launching perpetual trading and strategy backtesting within the Sorin product, expanding SAHARA to new networks, forming new corporate partnerships, and hosting a trading competition with a prize pool of up to $100,000 in SAHARA.
Recall that at the beginning of June, the SAHARA token plummeted by 60%; the team attributed this to massive liquidation of futures contracts.