DENA Buyback Policy

To support the value of DENA, the key token of DeNations, we are announcing DENA buyback policy. We may use up to 10% of Ether collected through our Nation Ownership sales to buy back DENA in the exchange (including DENA pairs in the Uniswap), when we think DENA is underpriced.

Summary

  • Buyback Budget
    up to 10% of quarterly Nation Ownership sales (directly sold by DeNations) sold in Ether may be used as a quarterly buyback budget for the next quarter.
    ex) If accumulated Ether sales of 2021 1Q (January ~ March)sold by DeNations was 100 Ether, then DeNations may use up to 10 ETH as buyback budget of 2021 2Q (April ~ June).
  • Buyback execution condition
    when the market price of DENA is lower than 20% of the minimum utility value of DENA
  • Buyback execution timing
    Buyback execution may happen at arbitrary times at our discretion without prior notice to prevent abusing activity of arbitrage players. Buyback frequency may be also arbitrary.

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