InterLink Network News: ITL Buyback, KYC, Migration and 10M Linkers The network is rolling out a Reverse Auction Buyback for its ITL token, letting the community set prices through competitiv
The network is rolling out a Reverse Auction Buyback for its ITL token, letting the community set prices through competitive bidding instead of fixed rates. This InterLink Network update also covers faster KYC verification and a new avatar campaign celebrating 10 million Linkers, marking a busy stretch for the ecosystem.
InterLink Network News Today: Reverse Auction Buyback for ITL ExplainedThe Labs has announced plans to reverse an InterLink Buyback launch mechanism as part of its long-term treasury strategy. Rather than the organization setting a fixed purchase price and buying tokens at that rate, this system lets the open market determine the most efficient price through a transparent submission process.
Community members who want to sell tokens will submit their desired amount and asking price, and the treasury will choose offers that stretch its budget furthest. This marks a shift away from arbitrary buyback pricing and over-the-counter deals toward a rules-based, competitive process open to every Linker.
The process runs in clear steps:
First, sellers submit a form listing how much ITL they want to sell and their asking price.
Second, each participant deposits 0.1 ITL to the official Labs Treasury wallet to confirm their submission is genuine.
Third, sellers provide the transaction hash of that deposit along with a BEP20 USDT wallet address.
Finally, after the submission window closes, Labs reviews all offers and selects winners through the reverse auction mechanism, paying accepted sellers directly in USDT to their submitted wallet.
Instead of the treasury dictating a price, sellers compete against each other. Each participant states how many ITL they're willing to part with and at what price, and the treasury picks the most cost-effective offers within its available budget.
This supply-and-demand structure means every dollar spent buys the maximum possible ITL, making treasury spending more efficient than a flat-rate buyback and reducing the chance that insiders or large holders can dictate terms.
0.1 ITL Deposit Designed to Prevent Fake Buyback Offers
The small refundable-style deposit exists purely to filter out spam and fraudulent submissions. By requiring a real on-chain transaction to the treasury wallet, InterLink ensures every offer is backed by a genuine participant rather than bots or duplicate entries.
Sellers then submit their TxHash and BEP20 USDT address as proof, and once selected, payment is sent directly in USDT — keeping the settlement process verifiable and straightforward for both sides.
Selection isn't first-come, first-served. The treasury reviews every submission after the window closes and prioritizes offers that deliver the best value relative to its available budget.
The Labs has stated that further technical details — including the official treasury wallet address, the submission form, the auction schedule, and the settlement timeline — will be published before the system goes live, so participants should watch official channels for exact dates.
Reverse Auction Could Support InterLink Network's Long-Term GrowthThe project envisions this mechanism extending beyond a single buyback event. Other organizations, dApps, and projects building within the Network could adopt the same reverse auction model to repurchase ITL from the open market, rather than requesting token allocations from the Foundation.
This could help projects become more financially self-sufficient while making treasury decisions measurable, accountable, and driven by real economic activity instead of new token issuance.
InterLink Verification and Migration Process Is ImprovingSeparately, Labs reported strong progress on InterLink Network KYC verification and migration, crediting the Curator team for faster, more consistent reviews under updated standards.
Processing capacity continues to expand daily, and the team says pending applications are being worked through steadily as more Linkers gain verified status across the ecosystem.
InterLink Network migration process has picked up noticeable speed in recent days, with the Curator team now fully aligned on updated review standards. This consistency has cut processing delays and helped more applications clear each day. The capacity keeps expanding, urging Linkers with pending submissions to stay patient as approvals continue rolling out steadily across the network.
The Network is approaching a milestone of 10 million Linkers and is marking the occasion with a community avatar campaign. Users can create a personalized 10M Linkers avatar at frame.interlinklabs.ai, share it across social platforms with the hashtag #WeAreTheFirst10MLinkers, and enter for a chance to be one of ten winners receiving $50 each, with more rewards teased for later.
ConclusionThis InterLink Network News roundup highlights a project actively refining its treasury tools while growing its community base.
The Reverse Auction Buyback introduces a more transparent, market-driven way to manage token repurchases, while faster verification and the 10M Linkers avatar campaign show continued ecosystem momentum.
As official details on the InterLink Coin Price and buyback timeline emerge, participants should rely on verified InterLink channels for accurate steps and dates.
YMYL Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency investments carry risk — always conduct independent research before participating.
