As we get closer to our general sale, land release, and game launch next year, we want to ensure that the WOO:SWAP.HIVE pair is as liquid as possible to provide even more liquidity to the WOO:SWAP.HIVE pairing and making it easier for users to enter the WOO ecosystem, we are excited to announce our new WOO buyback project.
What is the WOO buyback project?
The WOO buyback project is a new initiative that we're implementing to increase liquidity and make it easier for users to enter the WOO ecosystem. We will dedicate part of each marketplace sale to building our liquidity in the WOO:SWAP.HIVE pair.
Every NFT sale has a 5% fee going to @wrestorgonline to aid the development of our upcoming game, but we've decided to use 40% of the fee (2% of the sale) to provide additional liquidity.
This is a sustainable addition to our token growth that will continue to rise as we get closer to our general sale, land release, and game launch next year. It's important to note that this buyback project will not impact our partnered wrestlers' payments, as they will retain 100% of market fees for their NFTs.
Why is liquidity important?
Liquidity is important because it allows for markets' smoother and more efficient functioning. When there is high liquidity, buyers and sellers can quickly and easily move in and out of positions, which reduces volatility and increases price discovery. In addition, increased liquidity makes it easier for new users to enter the ecosystem, as they can purchase tokens without significant price slippage. We're committed to increasing liquidity in the WOO:SWAP.HIVE pair will allow users to enter the WOO ecosystem quickly.
Why focus on SWAP.HIVE?
The WOO:SWAP.HIVE pairing has been one of the most active markets since launching earlier this year, and we believe this new buyback project will only help increase liquidity even further. In addition, it will also make it easier for new users to enter the ecosystem, as they will now have a reliable way of purchasing WOO tokens without having to worry about price fluctuations and by using a swap version of the native #HIVE token.
The key benefits of this project are
• Increased liquidity: The more liquid a cryptocurrency is, the easier it is to trade and use for everyday transactions.
• Increased exposure: The more people who own WOO, the more exposure the currency will receive. This will help to drive continued growth and adoption of WOO.
• Easier entrance into the ecosystem: By providing additional liquidity, we're making it easier for users to enter the WOO ecosystem. This will help to spur further growth and adoption of WOO.
We hope that you'll all join us in supporting this new project, and we look forward to seeing continued growth in both the WOO:SWAP.HIVE pairing and the overall WOO ecosystem!
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Awesome news as always. WOO!
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Maybe I do not understand you correctly but buying back something normaly means, you take it from the table. Like buing back shares is taking them from the market.
You put more WOO (and Swa.Hive) into the market. So why do you speak from a buy back?
I understand the confusion. The buyback program we announced isn't similar to stock buybacks, as you may see on Wall Street. Instead, we are buying back WOO tokens issued through various inflationary means and using that new position to increase liquidity with our SWAP.HIVE pairing.
We also have done and will continue to do manual buybacks, which act the same way as stock buybacks. The tokens we purchase under the manual buyback are held long-term and are not staked, thus not receiving staking inflation. We chose not to stake any of those tokens not to reduce returns for the users who decide to stake their tokens.
I can see how word choice may be confusing, as words can have multiple meanings. I hope this reply has cleared up any confusion.
I just red the post and it is indeed not clear like @kheldar1982 said. But it is always hard to make things as clear as possible !LOL
PS: This comment made it clear^^
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Thank you for your fast response. This clears things up. !BEER
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