Starting in November 2019, we will buy back each week SHR tokens on the open market (i.e. exchanges on which the SHR token is listed). The buyback operation will be done at a random time during the week.

If there is enough liquidity, SHR tokens will be bought through a single market order at the time of buyback. In case there is not enough liquidity, a limit buy order at last sell order price will be placed on the market, and will remain open until it gets filled.

The buyback program will also allow us to test the API purchase process for when live transactions occur on ShareLedger Tim Bos, ShareRing CEO

Buyback Program expected to:

Reduce the supply of ShareTokens available in both public and private markets Bring New capital and fund inflows into the Shareledger We expect the Token Buyback Program substantially magnify value creation for the ShareToken holders

How many SHR tokens will be bought back?

The amount of SHR tokens to be repurchased from the open markets will initially be random, but as we go live, the amount will be directly related to the number of transactions on the ShareLedger.

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