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Assets सभी assetsSectorsRankingsHeat mapस्क्रीनरAssets की तुलना करें★ Saved
मूल तत्व Fees & revenueValue lockedExchange volumeNetwork activityStablecoinsStaking & yield
Valuation Valuation ratiosSupply & issuanceMetric definitions
संस्थागत Exchange-traded productsCorporate treasuries
Research Research नोट्सEvents calendarRisk frameworkSecurity incidents
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API docs पढ़ें
परिभाषा token buybackbuyback and burnrepurchase

Buyback

A protocol or company using its income to purchase its own token on the market, then either destroying or holding what it buys.

Mechanically, fees accrue in some other asset, a contract or a committee swaps them for the protocol's token, and the token is either burned, reducing supply, or moved to a treasury, where supply is unchanged but ownership becomes more concentrated in the treasury. The name is borrowed from corporate share repurchases, and the differences are substantial: there is generally no legal obligation to continue, no disclosure regime governing the trades, no board with fiduciary duties, and the buyer may be a multisignature wallet controlled by a handful of people. A buyback funded by minting new tokens elsewhere in the system is circular and changes nothing about net supply.

व्यवहार में

A protocol that collects fees in stablecoins can route a share of them into a contract that swaps for its own token and sends the result to a burn address.

प्रचलित भ्रांति

A token buyback is not equivalent to a corporate share repurchase: there is no audited balance sheet behind it, no required disclosure of the trades, and holders normally have no legal claim on the funds used.

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संबंधित शब्द

Fee Switch A setting in a protocol's contracts that, when turned on, redirects part of the fees users already…
Holder Revenue The portion of a protocol's income that actually reaches token holders, through direct payments,…
Protocol Revenue The part of user fees a protocol keeps for itself, rather than passing on to liquidity providers,…
Token Burn Permanently destroying units of an asset, either by deleting them in the contract or by sending…
Treasury (Protocol) The pool of assets a protocol or its governing organization controls, used to fund development,…
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इसका उपयोग करने वाले lessons

Assets

सभी assetsSectorsRankingsHeat mapस्क्रीनरतुलना करेंसहेजे गए

मूल तत्व

Fees & revenueValue lockedExchange volumeNetwork activityStablecoinsStaking & yield

Valuation & risk

Valuation ratiosSupply & issuanceMetric definitionsRisk frameworkSecurity incidents

संस्थागत

Exchange-traded productsCorporate treasuriesEventsResearch नोट्ससमाचार

जानें

Learn libraryGlossaryCalculatorsdata से पूछेंAI agentsPublic API

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