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Buyback Program
One of the key goals of the StarteeX web3 project is to ensure the stability of the StarteeX NFT price. To achieve this goal, we have developed a buyback program that will allow us to purchase StarteeX NFTs on a monthly basis over the next five years. The budget for this program will be generated from the revenue generated by other features activities within the StarteeX ecosystem.
The buyback program will be implemented through a smart contract on the BNB Smart Chain. At the end of each month, a portion of the revenue generated by the platform will be allocated to the buyback program. The amount allocated will be determined based on the overall revenue and the current market conditions.
The NFTs purchased through the buyback program will be burned, reducing the overall supply of StarteeX NFTs in circulation. This reduction in supply will increase the demand for the remaining NFTs, thereby ensuring the stability of the StarteeX NFT price.
The budget for the buyback program will be allocated from the revenue generated by other features activities within the StarteeX ecosystem. These activities include the Lottery and Minigames features, which generate significant revenue for the platform.
The revenue generated by these features will be split between the buyback program, development costs, and marketing expenses. The allocation of funds to each category will be determined based on the overall revenue and the needs of the platform.
The buyback program offers several benefits to the StarteeX ecosystem. Firstly, it ensures the stability of the StarteeX NFT price, which is essential for the success of the project. Secondly, it creates a reliable source of demand for the NFTs, which can increase their value over time. Finally, it provides investors with confidence in the project, knowing that the platform is committed to ensuring the long-term success of the StarteeX NFTs.
The buyback program is a key component of the StarteeX web3 project, designed to ensure the stability of the StarteeX NFT price. The program will be funded by the revenue generated by other features activities within the platform, and will be implemented through a smart contract on the Ethereum blockchain. The program offers several benefits to the StarteeX ecosystem, including increased demand for the NFTs, increased investor confidence, and long-term stability of the project.
Last modified 7mo ago