I don’t understand the idea of buyback, so if I

have 1000 usdt wxg. And it’s withdrawal is canceled what will happen after that?

Hi, since April 28, we have been buying back USDT-WXG and USDC-WXG using trading fees collected by the matcher. Once a day, the matcher exchanges the collected commission for WAVES (everything except WXG tokens and WX) and transfers WAVES to the address 3P8NHHsKnKPBif7Gi6SfVKi515yA8mYNhHn. From this Waves address, USDT-WXG and USDC-WXG are redeemed from spot trading pairs with WAVES at a market price. Trading fees collected in WXG tokens and USDT-WXG and USDC-WXG redeemed from the market are accumulated on the matcher and burned once a month. Trading commissions collected in WX tokens are partly transferred to traders as cashback and partly periodically burned.

So my usdt will be converted to waves based on the market price?

Yes, that's right

That’s bad! Cause wx waves price is almost 3x higher than other exchanges.

Perhaps the mechanics will change over time, but at the moment it is. You can offer your vision of this process and I will pass it on to the team for review.