Aur.ron✨
Aur.ron✨
AAVE+2.08%
$aave has bought back more than .5% of their circulating supply. i wanted to look at what it could cost for @Ronin_Network to do the same thing. $ron circulating supply is 693,121,119. .5% of that is 3,465,605 $ron. Buying back .5% of circulating supply at $.5134 would cost $1,779,242. Not a ton of capital, really, to buy back a significant amount of supply. People have gotten used to seeing $ron cheap and have written it off as worthless, but I'm not sure that lasts forever.
Aur.ron✨
Aur.ron✨
$aave has bought back 81,300 of their own tokens from the open market using their profits since their buyback program went live April 9. that's more than 1 out of every 200 circulating tokens. still 7 more months of four $35,000 open market buys per day. a great business.
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