Trade.io - Token Buyback Program
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Basically, most successful firms attain a position where they are generating more funds higher than they could moderately reinvest in the company. When the company gets's stuck with some crises financially, this will ignite the investors coerce the company to dispense the compiled wealth back to the financiers.
Statistically, whenever we hear companies announcing a buyback program, it simply connotes the company aims to reclaim or buy back some if not all of it's prominent shares that were originally declared with hopes of raising capital.
There are a couple of reasons why a company might choose to buy back outstanding shares. One of its reasons, is the ability to cut down the cost of capital, profits from under-valuated stocks, amalgamated ownership, and many more etc.
No doubts, you'll agree with the notion that a company would desire to focus on how it's leadership will control the business, one crucial prospect about buybacks is the fact that they are gradually applied as a means to boost-strap executive compensation.
Nevertheless, investors also have their stake in a company's net profit. Perhaps, the investors are few, there's no telling on how small the distribution of funds will be. Additionally, just as I mentioned earlier, reordering notable shares enables companies and firms to increase compensation by portraying the company looks more promising and profitable.
Introducing Trade.io BuyBack Program
Having explained all the traits of the buyback program, Trade.io desires to incorporate this idea on their platform.
The idea is; trade.io will design a token buyback that'll eventually accredit the company to reorder a whooping sum of 2,500,000 TIOx via the open market or by virtue of privately negotiated transactions.
In the beautiful words of CEO Bill Heyn, he added:
The ongoing market downturn has, unfortunately, begun to create casualties among the world's crypto exchanges. However, at trade.io we have been prudent with our resources; our balance sheet, cash flow and growth prospects remain strong. Our current position allows us to not only weather the storm but also invest where we see opportunity. We adamantly believe that trade.io's long-term potential is not adequately reflected in the current market price of TIOx. We feel this token repurchase program underscores the utmost confidence we have in the future of trade.io and further serves to align Company interests with those of our faithful TIOnauts. source
Trade.io's buyback program will be financed via free cash flow as well as any TIOx purchased will be restrained as treasury tokens in the course of this program. At the time of this writing, the actual price of any given TIOx that are repurchased in the course of this program will exclusively be deciphered by Trade.io's administration as it's own caution based on market analysis and other anonymous circumstances.
NOTE: Trade.io might suspend or discontinue the buyback program at any time.