WLFI's buyback announcement is worth watching, but the headline isn't the whole story.
I'd be looking at where the funds actually come from, whether the purchases are verifiable on-chain, and how the program affects governance over time.
What do you check first when a project announces buybacks?
The success of $USD1 and the growing WLFI ecosystem is helping us launch a new $WLFI token buyback program to strengthen the WLFI ecosystem and governance.
We plan to fund buybacks with an initial allocation that may include fees earned from USD1 reserves and other sources. We鈥檒l start with an initial allocation and evaluate the program over time.
The goal is to encourage active participation in WLFI governance and consolidate voting power among our most committed long-term holders.
We intend for buybacks to be an ongoing part of our long-term strategy with the pace and scale guided by ecosystem growth and impact on governance participation.
We鈥檙e building for the long term, alongside the holders who share that vision. 馃馃馃
One thing I've learned in crypto:
A project can have a good product, but without a strong community, getting attention becomes difficult.
Community still matters.
Something is growing at @PanicPotatto
Plant a seed. Care for your animals. Turn your harvest into bread.
Your farm. Your rhythm. Your decisions.
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馃寪 panicpotato.net
Yuzy retweeted
Nothing like some dusty $ANSACK! 馃ぃ
HODL This Gem and It Will Pay Off!
GyGEiXzDgq131gbzAUawaHLwUzSqVSWJJFvXPC4Upump
Burn After Bond and Buybacks on Deck!
Donating in the Process as Well!
We鈥檙e Building, and Building, Not Going Anywhere!
Just Getting Started and Going to Take This Market Back to Meme Glory
Web3 is not just about finding the next 100x.
It's about building relationships, learning, staying consistent and being around the right people.
The money is only one part of the game.
