2026-01-03 05:30:27

A co-founder of a leading DEX recently raised a thought-provoking question—should we continue to spend money on token buybacks?

The data is clear: last year, over $70 million was spent on buybacks. It sounds like a significant move, but the reality is harsh—the token price hasn't shown a noticeable improvement. In other words, this money doesn't seem to have achieved the expected results.

So now, the mindset is shifting: instead of continuing pointless buybacks, it might be better to redirect these funds toward growth incentives. To attract new users, retain existing ones, and optimize ecosystem development—this approach seems more worthwhile.

But the final decision still rests with the community. Should we stick to the buyback strategy, or switch to an incentive mechanism? The discussion has just begun, with community members sharing their opinions, and the decision-making process is still long. This case also reflects a deeper question: in a bear market, can simple "money burning" truly save the market?

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GateUser-4745f9ce

· 01-05 02:24

70 million invested and still no movement, this is outrageous. It's better to use real money for incentives.

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SerumSqueezer

· 01-03 06:00

$70 million wasted, it's really unsustainable... Should have invested the money into the ecosystem earlier

Buybacks can't really push up the price, anyone who believes that is naive

We still have to rely on real applications and user retention; the old method of burning money to rescue the market is outdated

Community voting will drag on for another half a year, I bet that a SOL this year is still unlikely

Instead of worrying about whether buybacks will happen or not, it's better to see if the product itself is truly competitive

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FreeRider

· 01-03 05:54

$70 million wasted is truly outrageous. That's why I never favor pure buyback operations.

Honestly, buybacks in a bear market are just closing your eyes and stealing a bell; it's better to directly invest in incentives, which are more practical.

Finally, someone dares to tell the truth. Community votes will probably favor incentives.

Burning money to rescue the market? Laughs. Who would believe that these days?

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NFTBlackHole

· 01-03 05:41

$70 million wasted, that's why I never believe buybacks can save the market

Honestly, instead of burning money to maintain prices, it's better to invest in the ecosystem, but what can the community do?

Bro, this is a common problem with DEXs. When will we ever figure it out?

Burning money to rescue the market? Dream on, it really depends on the product to speak for itself

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SocialFiQueen

· 01-03 05:35

70 million dollars just wasted like that? I told you, buybacks are just self-deception in a bear market... It's better to invest real money into the ecosystem.

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