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$SPK has launched a buyback mechanism.
I went through the proposal details, and the core logic is as follows: After deducting risk reserves, product loss reserves, and daily operational expenses from the project treasury, if there are excess funds remaining, a portion will be used to buy back $SPK .
How does the buyback work? There are two tiers. The regular tier uses 10% of the excess funds for buybacks, while an enhanced tier is also designed, with different triggers and stronger intensity. This tiered buyback design serves as a buffer mechanism for the token price.
Looks okay, the layered design is interesting, more reliable than just empty talk.
By the way, is this 10% enough...
If it can really be executed, that would be great, just afraid it will turn into mere paper wealth again.
For the buyback trap, it depends on how it operates in practice, let’s hope it’s not just for show again.
Buybacks sound nice as Favourable Information, but in reality, it depends on how strong the measures are.
I think having two tiers is a bit conservative; let's see the data first.
Can this really stabilize the price? I'm not quite sure.
Forget it, let's hold on for now and wait for the trend to change.