All About Buybacks
Muskito's Buyback Wallet is a key feature of the token's tokenomics. The Buyback Wallet is used to conduct targeted buybacks of other hyped tokens with less than 3 million market cap. This approach is designed to suck the blood out of paper hands who sell their tokens quickly, while also increasing the value of Muskito for its investors.
The Buyback Wallet is funded through a 3% fee on all Muskito transactions. This fee is split into two parts: 2% goes towards Marketing, while the remaining 1% is sent to the Buyback Wallet. The Buyback Wallet is then used to conduct buybacks of other tokens at regular intervals, which helps to create a more stable and sustainable market for investors.
One of the unique features of the Buyback Wallet is that it creates a direct relationship between Muskito and other tokens in the market. By conducting targeted buybacks, Muskito is able to create a more supportive and engaged community of investors, while also promoting the growth of other hyped tokens.
Overall, the Buyback Wallet is a key feature of Muskito's tokenomics. It's designed to support the meme community, promote the growth of other hyped tokens, and create a more stable and sustainable market for investors. With its targeted buyback approach and commitment to long-term holding, Muskito is poised to create a more vibrant and engaged crypto community.