DIP-004 and DIP-005 are a BIG deal for $HOME
TF am I talking about?
They're improvement proposals that have been passed by governance vote using $HOME stakers' votes to make decisions via the DAO (decentralized autonomous organization).
What's the relevance?
DIP-004 enabled @defidotapp to perform buybacks.
DIP-005 uses this ability to perform buybacks around the same time as the Kaito marketing incentives hit.
Why's this important?
If you're a $HOME holder and you've just heard that a bunch of people on Kaito are going to get free $HOME tokens which they might sell, it doesn't sound great for your bags.
Thankfully, DIP-005 is going to buy back MORE than the cost of the Kaito incentives, 1.5x in fact.
The effect:
They're turning a marketing expense into a treasury-building opportunity. Everything they use for marketing they completely offset and exceed via immediate buybacks.
Looks like teams have finally woken up to the idea of transparency, narrative, and optics surrounding their token - specifically how to actually get a token to accrue long-term value and not just insta-dump.
Refreshing.
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