Buyback (or token buyback) refers to a process where a company or project buys back its own tokens or coins from the market. This process is usually done for various reasons, such as to improve liquidity, increase token value, or reduce the circulating supply of tokens.
When a company or project buys back its tokens, it typically uses its own funds to purchase them from the open market. This can create demand for the token, leading to an increase in its value. Additionally, by reducing the circulating supply of tokens, a buyback can make the remaining tokens more valuable, as they represent a larger share of the total token supply.
What is a coin burn? The act of permanently removing a portion of a cryptocurrency from circulation is called coin burning. Coin burning became a hot topic among crypto enthusiasts after the London Hard Fork...
