MuskIt launches major 100M token buyback to strengthen utility and drive growth

by Chainwire February 10, 2025 7 min read

(Originally posted on : Invezz )

The past ten days have marked a significant period of growth for $MuskIt.

The token has surged to a $500 million market cap, cementing itself as one of the fastest growing memecoins in the space.

During this time, the trusted token’s community has grown to 52,038 holders; even getting support from Tesla Owners Silicon Valley account on X.

Additionally, $MuskIt received an official endorsement from Errol Musk in a Fortune magazine feature resulting in a 3,500% price pump in mere minutes.

Musk family’s memecoin announces a strong buyback plan and comments on the 5 year vision:

The MuskIt team is excited to announce that the Musk Institute will be purchasing up to 100 Million $MuskIt tokens as part of a strategic initiative to enhance and strengthen the utility of the MuskIt ecosystem.

With this powerful buyback support plan, they are ensuring long-term stability and reinforcing the token’s strength in the market.

This strategic move isn’t just about price action—it’s about fortifying MuskIt’s vision for real-world impact, utility, and unstoppable momentum.

These tokens will be allocated towards the ongoing development of the Musk Institute and Musk Tower.

The Musk Institute will serve as a global hub for education, research, and collaboration, driving advancements in frontier technology, sustainable innovation, and blockchain integration—aligned with MuskIt’s four pillars of transformative science, academic synergy, venture incubation, and mission-driven solutions.

The Musk Tower, a flagship infrastructure project, is designed to provide a dynamic space for events, business ventures, and decentralized services powered by $MUSKIT tokens.

The buyback model will be structured and tied to key milestones:

Community engagement: Every 1,000 organic posts on X using #MuskIt or @justmuskit triggers a 100,000 $MuskIt buyback.
Ecosystem expansion: Significant new partnerships or integrations result in a 500,000 $MuskIt buyback.
Market milestones: Surpassing a new all-time high triggers a 5 Million $MuskIt buyback.

This initiative reinforces MuskIt’s long-term vision and commitment to sustainable growth.

“The acquisition of 100 million $MuskIt tokens marks a pivotal step in our five-year vision to establish the Musk Institute and Musk Tower as global epicenters of technological innovation and sustainable advancement. By integrating $MuskIt into our ecosystem, we are empowering a decentralized community, fostering groundbreaking research, and driving real-world applications that will redefine the future of technology and culture. This initiative cements our commitment to building a vibrant ecosystem where blockchain and decentralized finance fuel lasting impact, innovation, and community empowerment.” said Errol Musk.

Introducing the Musk Institute

The Musk Institute is not just another initiative—it represents a broader vision for innovation.

Designed to be a global hub for cutting-edge technology, sustainable innovation, and blockchain integration, the institute will focus on transformative science, academic collaboration, venture incubation, and mission-driven solutions, all within a unified ecosystem.

Unveiling the Musk Tower

Get ready for the Musk Tower—a flagship powerhouse designed to be the ultimate space for events, business ventures, and decentralized services, all supercharged by $MuskIt tokens.

This isn’t just a token purchase; it’s a bold statement of our vision to:

Amplify token utility: Elevate $MuskIt’s role across educational, commercial, and social platforms within the Musk Institute and Musk Tower.
Ignite community engagement: Unlock exclusive perks for our token holders, from VIP event access to groundbreaking research collaborations.
Accelerate ecosystem expansion: Fast-track projects and partnerships that catapult MuskIt’s global influence.

About MuskIt

Musk It is more than just a meme coin—it’s a movement.

A mindset that embodies taking bold action, breaking barriers, and achieving greatness.

Inspired by the revolutionary spirit of innovation and efficiency, MuskIt represents the drive to do things better, challenge the status quo, and redefine success.

With over 50,000 holders already owning MuskIt, its expanding community reflects its growing presence.

Unlike other traditional meme coins, which are meant only to embody an idea, MuskIt is backed by the Musk Family and will serve as the official coin of Errol Musk’s Institute.

MuskIt: the coin for those who don’t let anything stand in their way.

Musk Family Endorsed and Approved.