Limitless protocol just announced their token buyback program kicking off.

They're committing $50K weekly over the next 8 weeks — that's $400K total flowing back into the token.

Buyback programs like this typically aim to reduce circulating supply and support price stability. Worth watching how this plays out for their tokenomics.

LMTS3.64%

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SeasonedInvestor

· 11-27 23:41

500,000 USD repurchase sounds like a lot, but does this amount justify the market capitalization of Limitless? I feel like we should see how much circulating supply can actually be burned.

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blockBoy

· 11-25 00:14

500,000 per week sounds like a lot... just worried there won't be follow-up later.

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BlockBargainHunter

· 11-25 00:13

500,000 USD burned in 8 weeks, that's quite a pace... But whether the buyback can really move the market depends on whether they'll increase the scale later. Just this round alone probably can't withstand any major downturn.

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BoredStaker

· 11-25 00:00

50k a week? This pace is a bit intense, but it depends on whether they really have the execution ability.

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TestnetFreeloader

· 11-24 23:45

500,000 USD buyback? Sounds pretty good... but the key is still execution, let's not just talk about it.

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