I wanted to find out what the rest of the community thinks of the Buy Back & Burn strategy.
The Buy Back & Burn Strategy is usually a strategy decided on and used by majorly the management team of a project to slowly or quickly reduce the amount of tokens in circulation for their token.
The Buy Back & Burn Strategy is quite different from the Burn str6ategy. The Burn Strategy involves simply burning a certain amount of the coin in circulation, or held by the mgt team.
The Buy Back strategy on the other hand involves purchasing some of the tokens from the market and burning them. Burning is not usually physical though as it involves sending the tokens to a dead wallet.
The difference between both methods is that while tokens burnt in the Burn strategy is already in a wallet and may not affect the token's price, the Buy Back & Burn strategy usually positively affects the price of the token as tokens to be burnt are bought off the market.
One of the projects I used to blog on back then, Sportstalksocial had looked at the possibility of implementing the Buy Back and Burn Strategy. Unfortunately, they never got to do so and the price of the token has always gone low.
What are your thoughts on the use of the strategy? Which of them is the best? Let's discuss.
Why not just buy as much Blurt as possible, Power up 100% and give out as many random $1,000 Upvotes as possible to good original Content ?
This is my plan. I hope to accumulate 100,000,000 Blurt some day.
I like the idea of the buy back and burn, where will the investment come from to do buy backs though?
It could be from the founders personal money. It could also be from monies made through adverts on site. I remember sportstalksocial enabled adverts on their site back then.
The investment could also be from monies made from other tokens or ventures. Like if we had a huge pool of Hive token when its price climbed up to almost 4 dollars a few days ago, it would have been a perfect time to buy back and burn some blurt tokens.
Yes all possible ideas.
Blurt could be earning a fortune from Ads if done right. Simple referral links even… I get about $2,000 a month from Binance, Amazon, Adsense, YouTube, Noise, Ionomy, Crypto.com, Coinbase, Shakepay, Newton, Tangerine, WealthSimple referral links. It adds up.
Thank you for using my upvote tool 🙂
Your post has been upvoted (21.69 %)
Delegate more BP for better support and daily BLURT reward 😉
@tomoyan
https://blurtblock.herokuapp.com/blurt/upvote
Take a look at the rich list. Most positions are not held by the founders. The founders of this project are very hard working people who really haven't sold any of their stake which they have held for a long time working on building this community. That is their payment, time, energy and investment. They want a return on that investment just as much or more than you. But that does not mean that they need to burn that investment.
The top holders of BLURT are exchanges that have never acknowledged blurt or done anything with it since being airdropped it. The community decided some time back I believe to burn or transfer these in value to the new airdrops happening on the cosmos network. So in an effect they are doing what you are asking but it is not coming from their pocket, and it will transfer that value to new projects.
Thank you for sharing such a great content!
You can delegate any amount of blurt power to @blurtconnect-ng to support this curation.