overall good take but i think you're missing out some info on how powerful buybacks can be in those select few cases. They work very well when they're structured properly around the end-user.
Our team structured our buy back system as follows:
• 20% of casino net gaming revenue bought and burnt daily
• Net Gaming Revenue = Bets - (Wins + Rewards)
• Bought from open market daily
• Applies to current and future game modes
• Deflationary mechanic
as users wager and reach milestones, the rate of tokens/sol distributed is decreased gradually. This mechanic along with supply being burnt consistently daily, forces price upwards.
organic growth from platform marketing, user onboarding, reward distribution and word of mouth also is reflected on the chart, as users earn our token from every bet placed on the platform.
my point here is, yes you're correct about token buy backs being lackluster in certain business structures, but when done properly, like in solpump's case, the end users always win.
we're currently burning on average 5-10k+ USD/day, that's platform revenue being put back into the token daily. This level of investment provides security to our users, builds trust, and signifies a healthy business growing in even poor market conditions. Why wouldn't users purchase, hold, or keep our token if this is the case?
in short, we have no plans on stopping our token buy back, and will use this momentum to continue platform growth for years to come.
Our structure outperforms company B every time, in your example.
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