What does it mean in crypto? -Breaking
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Business self-investment isn’t new. It has been used for years as a tool to control inflation and price stability in the financial market.
Binance, Nexo, and other projects have all had buybacks. Nexo, for instance, bought back because of its core developers’ conviction about the asset’s substantial undervaluation. To correct the market’s price, they reduced the amount of project tokens that were in circulation.
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