Sidney Akpaso
@iamsidneyakpaso
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π‘ DappRadar DAO has successfully completed its second RADAR buyback, reinforcing the alignment between DappRadarβs growth and RADAR token!
5.13M RADAR purchased on Ethereum's open market for 11.12854715 ETH (~$38K) at an average price of $0.0063 per token.
Key Points:
β’ Timing & Transparency: Buybacks are conducted at various times without prior notice to prevent market speculation. Tokens bought back are locked in the DAO treasury for six months to ensure stability.
β’ Why They Matter: These buybacks reduce circulating supply, strengthen the DAO treasury, and contribute to the long-term sustainability of the RADAR ecosystem.
β’ Funding Source: Revenue from quests, token swaps, referrals, validator rewards, and revenue share powers the buybacks.
β’ Execution: CoW Swap is used for decentralized, efficient transactions, minimizing market impact.
β’ Previous Buyback: The first buyback was successfully completed in July.
This initiative underscores the DAO's commitment to a healthier, sustain⦠0 reply
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