Drip
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Drip
@DripTrades_
I’m never wrong, the market is
Miami, FL Katılım Aralık 2021
1.4K Takip Edilen4.4K Takipçiler
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that chart went straight vertical man I remember it like it was yesterday
Defiant L’s@DefiantLs
Can't believe it's been more than a year since this happened
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Using $PUMP PA as the reason to not incorporate buybacks for $MET is a horrible decision from @0xSoju
These are two completely different projects:
$PUMP is the best risk-on assets on SOL & a reflection of onchain sentiment (extremely reflexive)
$MET is a SOL beta imo and will likely perform how $RAY, $JUP, etc do (haven't researched much tbf)
Soju is right that it wouldn't directly improve PA too much, but buybacks have become the standard
If a protocol token doesn't have buybacks, it's written off as extractive/useless
So by not doing buybacks, Soju is willingly putting $MET below the standard
Soju is right that buybacks alone aren't enough though and I agree sometimes it can be wasteful. Giving holders voting rights, using cash for expansion, etc are equally important
But buybacks should be implemented before all of this
Jaypee@Jaypee_Sol
One of the most common topic and question asked after TGE has been about using @MeteoraAG revenue for $MET token buyback and burn @0xSoju gives his view on the whole situation and what to expect going forward. “If I do a buyback and burn I wouldn’t immediately get a 300% increase in token price but I want to give my community a reason to trust us either by transparency and then focus on growing the business” Take a watch below 🎥👇
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