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Michael Bera-

FXS price moves fairly easily. Is a more aggressive program

really going to pick up more FXS at cheaper prices?

#cryptocurrency #english #frax
0

2 ответов

16 просмотров
Avi ✨-

Yeah, I am less concerned about the speed at which we buy back, and more worried about the price range at which we buy back. One could argue they are related since price only remains sub $5 for short periods of time, but I don't think we need to try and time markets... that's a fools errand. We just need parameters, and the latest comment by Geronimo has some great considerations wrt calculating intrinsic value and avoiding destruction of value to long term holders. Obviously any short term buy back program will be reflexive on price, so we need to be more cognizant of that.

0
16.06.2023
Thai-Felix

I guess it’s the $2m buy back program isn’t it?

0
17.06.2023

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