I've been following GEODNET for a while now and I'm curious about their tokenomics, specifically around the buyback mechanism. Does anyone have insight into which DeFi platforms or exchanges the team is using for their token buybacks?
From what I understand, GEODNET has some form of buyback program in place, but I haven't been able to find clear information about:
Which CEXs or DEXs they're primarily using
Whether they're doing OTC purchases
If there's a specific schedule
I'm particularly interested because I want to understand the potential impact on liquidity and price action. If they're using multiple channels, it would be helpful to know the distribution.
Has anyone from the team shared details about this in recent AMAs or documentation? Or has the community done any on-chain analysis to track these transactions?
Would appreciate any insights or links to relevant resources. Thanks in advance!
Geodnet
Rovr
Hivemapper
DIMO
Wingbits
update: As @Xrave kindly shared, geodnet has published a Medium article to begin socializing what might be included in GIP-7: https://medium.com/geodnet/geodnet-improvement-proposal-7-c2313f643b9b
One of the improvement is: “Move away from QuickSwap for buy-back-and-burn”
So it seems that QuickSwap is the DEX used, which pool/pair is still to be identified.