Yep... not rocket science. Buybacks are the only way to fully align a token with its revenue growth
Token investing, as an asset class, does not give token issuers the benefit of the doubt with regard to capital allocation (growth spend vs buybacks).
x.com/jdorman81/status/1903527...…

Pratik Kala
@PratikKala
08-20
- millions of tokens
- weak (no) tokenholder rights
- grift/rug culture
- weak (no) governance
- labs/foundation/equity/multiple entities
even blue chip projects are guilty of the above
When Web2 investors come to crypto they say "focus on growth not buybacks"
Crypto native x.com/DeFi_Made_Here…
people will fight this tooth and nail,they all think they are smarter than @delete_shitcoin with MakerDAO MKR buybacks, but he was a master of cryptomech design
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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