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Good news @defidotapp repurchased 2.543M of $HOME ($90.86K) on August 31, as shown in Figure 1🧐
According to community governance proposal DIP-004
It is stipulated that 80% of the project revenue will be used for $HOME buybacks
with the last repo
Approximately 2.37M $HOME ($90.35K) has increased
This directly shows that @defidotapp's project revenue is on the rise
Project revenue usually includes transaction fees/pool fee income/stake rewards, etc
This shows that the popularity of DeFi apps is growing healthily! 🥳
DeFi apps can be said to attract users to invest through overbuybacks
Moreover, the 80% stipulated by DIP-004 is significantly higher than the average in the DeFi field (most of them are 40%~70%).
This is similar to BNB, the world's largest platform currency
$BNB Buy back and burn through platform profits in the early stage
DIP-004 also stipulates a rigid buyback ratio of 150%
This means that the current cycle repurchase volume is always greater than the unlocked amount by 50%. $HOME will continue to be deflationary! 😆
Perhaps this is why $HOME has not broken like other altcoins. But because the project team continued to cover the bottom from the lowest point of 0.01758 on June 22 to 0.04937 on August 17, the upward momentum is really strong! !
🥰
#KAITO @kaito
Good news @defidotapp repurchased 2.543M of $HOME ($90.86K) on August 31, as shown in Figure 1🧐
According to the Community Governance Proposal DIP-004
It is stipulated that 80% of the project revenue will be used for $HOME buybacks
with the last repo
Approximately 2.37M $HOME ($90.35K) has increased
This illustrates the upward trend of @defidotapp's project revenue
Project revenue usually includes transaction fees/pool fee income/stake rewards, etc
This also shows that more and more people are using DeFi apps! 🥳
DeFi apps can be said to attract users to invest through overbuybacks
And the 80% stipulated by DIP-004 is significantly higher than the average in the DeFi field (most of them are 40%~70%).
This is similar to BNB, the world's largest platform currency
$BNB Buy back and burn through platform profits in the early stage
meantime
DIP-004 also stipulates a rigid buyback ratio of 150%
This means that the repurchase volume of $HOME will always be greater than the unlocked amount, and it will only be deflationary! 😆
In the current cycle, the HOME circulating on the market will only decrease and not increase
Maybe that's why $HOME didn't break like other altcoins but went from a low of 6.22 at 0.01758 to 0.04937 on 8.17, and the upward momentum is really strong!! Every repurchase of the project party is to cover the bottom of retail investors, which is really reassuring! ! 🥰
#KAITO @kaito
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Home FAQ
What is cryptocurrency?
Cryptocurrencies, such as HOME, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as HOME have been created as well.
Can I buy HOME on OKX?
No, currently HOME is unavailable on OKX. To stay updated on when HOME becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of HOME fluctuate?
The price of HOME fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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Disclaimer
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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