Premia Community Update 16/02/21

Earlier today Premia initiated two buybacks to distribute rewards to those staking on the platform. How this worked was the fees collected through platform interaction were used to purchase PREMIA from the marketplace’s bonding curve, which was then distributed proportionally to individuals staking Premia. The reward distribution can be called by any user simply by calling the convert function on the PremiaMaker contract. In the future, Premia plans to integrate Keep3r to perform this task periodically, but for now, rewards are only distributed upon manually being called.