@abeg007.eth

At some point, the industry started constantly seeking a way to bring value to crypto holders, so you can be actually rewarded by holding one token or another. Buybacks were one solution that appeared later, and the flywheel is pretty clear here. people use protocol > protocol generate revenue > buying token with these funds > token pumps > more people buying > more project usage > more fees > more buybacks However, once market participants started blindly aping all buyback-backed tokens, we started hearing those mechanism announcements from like every second project (even with $100 daily fees), while their tokens printed god candles short term, and dump later. So, the thing that should bring value turns into another possibility to make retail buy and then dump on their heads (not in all cases, surely). Can Buybacks Really Bring Sustainable Value? The very first question that comes to mind when thinking about buybacks and their value is:

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