ITL Holders Can Now Sell Directly to the Treasury Interlink Labs (@inter_link) has launched what it describes as a first-of-its-kind Reverse Auction Buyback, following approval from the Inter
Interlink Labs (@inter_link) has launched what it describes as a first-of-its-kind Reverse Auction Buyback, following approval from the InterLink Foundation. The mechanism lets $ITL holders submit offers to sell tokens directly to the project treasury, bypassing open-market sales.
To participate, holders must submit their asking price alongside a 0.1 ITL deposit to verify entry. Offers are ranked by competitiveness, and awards are made based on the available treasury budget. Holders whose offers are not selected receive a full refund of their deposit, according to Interlink.
The structure inverts the typical buyback model. Rather than the project acquiring tokens at a market price of its own choosing, sellers compete against each other on price, giving the treasury the ability to source tokens at the most favourable terms. Under the strategy, Interlink Labs can buy $ITL from the market using its own treasury, with purchased tokens potentially burned or directed toward community contributors.
The buyback is part of a broader milestone campaign. Phase 1 of the program runs through August 24 at 23:59 UTC. The First 10 Million Linkers Celebration is designed to mark what Interlink calls a historic milestone, with exclusive gifts, reward campaigns, and experiences reserved for early participants.
Interlink is a human-centric blockchain project building what it describes as the world's largest verified human network, using a dual-token system: $ITLG for utility and governance, and $ITL for institutional access. Its Proof of Personhood consensus mechanism is designed so that only verified humans can participate in mining, governance, and network validation, eliminating bot manipulation and fake accounts.
The project already emphasises community-first tokenomics, with burns and buybacks as core mechanics, and its dual-token design is intended to prepare InterLink for large-scale exchange listings and institutional strategies while preserving grassroots growth.
Participants should review the official terms directly through Interlink's channels before submitting offers, as treasury budget availability will determine final allocations.
Sources:InterLink Whitepaper FAQ – interlinklabs.aiWhat is Interlink (ITLG) – Bitget Web3 AcademyInterLink App – interlinklabs.ai
