👉 $BNB (Binance Coin): Since 2017, Binance has periodically used a portion of its profits to buy back and burn BNB tokens. The goal is to reduce the total supply from 200 million to 100 million coins, with the amount of tokens burned depending on the price of BNB and the number of blocks produced on the Binance Smart Chain.
👉 $WLFI (World Liberty Financial): This project recently implemented a proposal where 100% of the fees from the treasury liquidity will be used for a buyback and burn program. The funds will be used to purchase WLFI tokens on the open market and send them to the burn address for permanent removal.
👉 Huobi Token (HT) and KuCoin Token (KCS): Both are examples of tokens from leading crypto exchanges that also use buyback and burn mechanisms to manage their supply and token value.
👉 MOBOX: This gaming platform is also adjusting its token buyback and burn strategy in response to the evolution of blockchain gaming and to regain project momentum.
👉 $SHIB (Shiba Inu): While better known as a burn mechanism aimed at destroying a certain percentage of profits or a specific amount of money, it also has buyback and burn aspects.
How it works
Buyback: Crypto projects buy back their own tokens from the open market, similar to how companies repurchase their shares in the capital market.
Burn: Tokens that have been repurchased are then sent to an inaccessible wallet address, effectively removing those tokens permanently from the circulating supply.
Goal: By reducing the supply of tokens, scarcity increases, which theoretically can stabilize or raise the price of the token.
