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Pyth Network officially announces the launch of a monthly token buyback program, allocating 33% of the DAO treasury for market repurchases. This move is driven by the impressive performance of its Pyth Pro product, with annual recurring revenue (ARR) surpassing the million-dollar mark. Through the token buyback mechanism, the project not only achieves value recirculation to the community but also demonstrates the sustainability of its business model. Such proactive buyback strategies are relatively rare in the Web3 ecosystem, reflecting the project's confidence in long-term development.
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A million ARR for buyback directly. I like this kind of passionate project.
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Wait, 33% in the DAO treasury? That’s a bit too bold, betting on it.
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Pro products are so profitable, no wonder they dare to play like this. Web3 really needs this kind of execution.
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Buyback sounds good in theory, but it all depends on whether they can hold up later.
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Finally, some projects are not just talking stories; they are speaking with real silver and gold.
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Million-dollar ARR, is the Pro product so powerful? How come I haven't heard about it before?
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Projects in Web3 daring to do this are indeed rare, either they are truly confident or they are desperate. What do you think?
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Wait, can the币价 go up after the buyback, or is this just another scheme to割韭菜?
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This套路感觉不错, but the key still depends on how well the follow-up execution is, don't let it turn into another空头支票.
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Hey, does anyone know exactly what Pyth Pro does? It suddenly seems to have gained popularity.