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📡 DappRadar DAO has successfully completed its second RADAR buyback, reinforcing the alignment between DappRadar’s 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:
• 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.
• Why They Matter: These buybacks reduce circulating supply, strengthen the DAO treasury, and contribute to the long-term sustainability of the RADAR ecosystem.
• Funding Source: Revenue from quests, token swaps, referrals, validator rewards, and revenue share powers the buybacks.
• Execution: CoW Swap is used for decentralized, efficient transactions, minimizing market impact.
• 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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