Solana Classic Whitepaper
  • Overview
    • Introduction
    • Mission
    • Roadmap
      • Phase I: Foundation and Launch
      • Phase II: Ecosystem Growth
      • Phase III: Long Term Expansion
      • Phase IV: Viral Exposure
    • Tokenomics
    • Team Members
    • Revenue Models
      • Advertisements
      • Token Creator
      • Buy Backs
      • Merchandise
      • AMA/Space's
    • Links
  • Utilities
    • Classic Token Creator
    • Solana Deployment Channel
    • Classic Hub
      • Introduction
        • Phase 1
        • Phase 2
        • Phase 3
      • Classic Hub Listings
        • Project Information and Categories
        • Top-Rated Projects
        • Listing Process
      • Cryptocurrency Listings
        • Top 10/100 Cryptocurrencies
        • Top 10/100 Solana Blockchain Cryptocurrencies
        • Live Price Action
        • Trending Tokens
      • NFTs
        • Trending NFT Collections
        • NFT Watchlists
        • Upcoming Collections
        • Interactive NFT Data
      • Events
        • Solana Events
        • Solana Classic Events
      • Education
      • Trading
        • Partnered Trading Widget
        • Token Real-Time Data
        • Latest News
        • Fear & Greed Index
        • Compare Market Caps
      • Classic Social
        • Account Creation
        • Verified Accounts
        • Live Chat
        • Live Community Feed
      • Solana Info
        • Solana Price, Volume and Market Cap
        • Total Value Locked (TVL)
        • Wallets
        • On-Chain Metrics
        • Solana Transactions
      • Refer & Earn
        • Data Panel
        • Referral Welcome Bonus
      • Classic Quests
    • AI Utilties
    • Launchpad
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  1. Overview
  2. Revenue Models

Buy Backs

Buyback Aggregator Bot: Enhancing Transparency and Value

At Solana Classic, we have implemented a Buyback Aggregator Bot that is integral to our strategy for increasing token value and maintaining transparency. This innovative bot is connected to all wallets associated with our revenue-generating utilities, allowing us to automatically or manually initiate buybacks and burns based on a designated percentage of the revenue generated.

The Buyback Aggregator Bot enables us to strategically reduce the circulating supply of $SCLASSIC through automated processes, ensuring that revenue is consistently reinvested into the ecosystem. By adjusting the percentage of revenue allocated for buybacks and burns, we maintain flexibility in managing the token economy.

In addition, the bot is designed to provide real-time updates in our Telegram channel, making every buyback and burn fully visible to the community. Each update includes:

  • Amount of SOL bought back

  • Amount of $SCLASSIC burned

  • Links to view the transaction on Solscan

  • Total buybacks

  • Total burned

Through this system, we ensure that our community stays informed while reinforcing the value of $SCLASSIC by reducing the circulating supply in a transparent and accountable manner. This strategy supports the long-term growth of the ecosystem, aligns with our mission of increasing token utility, and demonstrates our commitment to transparency.

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Last updated 7 months ago