Buy Back Token

A buy back token is a type of token that has a mechanism to buy back some of its tokens from the market and burn them, reducing the total supply and increasing the scarcity and value of the token. A buy back token can use various sources of funds to buy back its tokens, such as transaction fees, profits, or reserves.

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Last updated 2 years ago

A buy back token is a type of token that has a mechanism to buy back some of its tokens from the market and burn them, reducing the total supply and increasing the scarcity and value of the token. A buy back token can use various sources of funds to buy back its tokens, such as transaction fees, profits, or reserves.

A buy back token is a type of cryptocurrency token which has a system in place to repurchase and destroy a portion of its tokens, reducing the overall supply and thereby increasing the token's scarcity and value. The token may use various sources of funds such as transaction fees, profits, or reserves to conduct buy backs.