
Foresight News|Nov 10, 2025 14:43
[River Announces River Pts Buyback Plan, Snapshot Scheduled for November 9 at 19:09]
Foresight News reports that the chain-abstract stablecoin system River has issued a statement announcing a comprehensive buyback plan in response to community feedback, as the conversion of River Pts is temporarily suspended. The buyback price is 0.0000447 BNB (approximately $0.048), and the snapshot is scheduled for November 9, 2025, at 19:09, during which the wallet balances of all public sale participants holding River Pts will be recorded. Eligible River Pts for the buyback must have been purchased during the public sale and still held at the time of the snapshot (including staked River Pts), without being sold, transferred, or converted.
The buyback schedule is as follows:
- November 10: Announcement of the buyback plan
- November 12–20: Publication of eligible addresses and quantities
- Participants send River Pts to the designated buyback address
- November 20–23: Team reviews and confirms all buyback addresses and quantities
- November 23: Completion of all BNB buybacks and transfers to eligible addresses
Please note that River Pts from non-public sale addresses will be considered destroyed and will not qualify for the buyback.