Helbiz is focused on the long-term success of the Helbiz Coin (HBZ). The team and its large investors are confident in the progress that has been made, both on the software and hardware front, and encourage the community to see the value of what is being created.

The Helbiz team is looking to purchase $1m (USD) of HBZ off the open market, paired with additional large buy walls on the main exchanges, to strengthen the company’s position both internally and to new investors — starting within 48hours.

The Helbiz carsharing platform is set to be released to the public next month bringing incentivized organic demand to HBZ. After the launch of the carsharing platform the following launch of HelbizPay will further allow for HBZ coins to be spent globally with ease, both in stores and online, independent of technical expertise. The utility will increase rapidly in the near future.

The buy back of up to $1m (USD) of $HBZ will take place from the various markets of where Helbiz is listed starting within 48hours and will continue over the following weeks depending on market opportunity.