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$sato Let's talk about the price decline mechanism of the token.
These days, the market is adjusting, so let's discuss my personal understanding of this mechanism as a price protection system.
Everyone knows that when the secondary market price drops below the official buyback price, users will definitely prefer to sell on the official platform.
At this point, although the official hasn't finished minting and the destruction mechanism hasn't been activated, the tokens sold to the official can still be minted later.
But there's a point here: because the minting price on the official platform is high, and the secondary market price is low, no one will likely mint on the official platform.
So, tokens that should have been dumped in the secondary market flow back to the official platform, which reduces the selling pressure in the secondary market.
Meanwhile, in the short term, no one is minting on the official platform either.
This means that such a process acts as a short-term deflation, serving as a price protection mechanism that reduces market pressure.