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$BGSC Early buyback in progress as the price has big merit at current stage
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Bugscoin: “An Attractive Price Worth Accelerating the Buyback — Early Buyback in Progress Since October 20”
Bugscoin (BGSC) announced that it has begun an early buyback using profits generated from its CEX referral ecosystem.
Bugscoin founder INBUM stated:
“We have already announced that 100% of all operating profits generated until September 2026 will be used for buyback and burn, and the first buyback round has been completed. However, the reason we decided to move up the second round is that the current BGSC price is at a very attractive accumulation level.”
He added:
“The project currently generates around USD 12 million in annual operating profit, and at the current BGSC price of $0.0045, the circulating market capitalization is approximately $50 million.”
“From the foundation’s perspective, this is an excellent opportunity to buy back nearly 30% of the circulating supply, effectively reducing the market float,” he continued.
Bugscoin further explained:
“All tokens repurchased through the buyback are not resold into the market, but are permanently burned on-chain via the smart contract, ensuring transparent and irreversible supply reduction.”