Long.xyz Launches LONG 500 for Tokenized Stock Community Finance Layer

Long.xyz has launched LONG 500 to build a financial layer for an on-chain stock community and position it as the S&P 500 of tokenized stocks. According to Odaily, LONG currently supports more than 70 tokenized stocks.The company said that 5% of stock token fees from each new stock pair trading pool will go to an AI community treasury, while another 5% will be used to buy back and burn paired tokens. It added that anyone can trigger buybacks around the clock. The automatic reinvestment mechanism for liquidity pool returns will continue, creator fees will remain unchanged, and Long.xyz plans to upgrade the community treasury and add new features for all previously launched trading pairs.