Buyback Program
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The RADAR Buyback Program utilizes revenue from DappRadar DAO to purchase RADAR from the open market, and then lock it for 6 months before it flows into the DAO’s treasury. This way, the success of the DappRadar platform and DappRadar DAO reflects on the RADAR community. The Buyback Program reduces circulating supply, and creates more buying pressure for the token.
One of the main reasons for implementing the Buyback Program is that many of our partners and clients either cannot hold crypto on their balance sheets or are restricted from using crypto for payments or staking. As a volume-driven business catering to the masses, DappRadar aims to make its products and features accessible to everyone, without limiting potential users or partners. However, thanks to the RADAR Buyback Program, success of the business still reflects onto the RADAR ecosystem.
DappRadar DAO currently has a couple of revenue streams that have contributed to the RADAR Buyback Program in July 2024. Over time, the DAO will gain ownership over more revenue streams migrated from the DappRadar UAB, or new ones initiated through the DAO itself. All this is part of the ongoing decentralization process.
These are the revenue streams currently supporting the Buypack Program:
Token swap - fees generated through token swaps and bridges taking place on DappRadar, powered by LIFI Protocol.
Referrals - revenue generated by bringing legitimate users to various dapps and ecosystems
Quests - revenue generated from the Quests platform, including the multiplier and future additions.
As the business grows and financial gains increase, this revenue will boost buying pressure on the RADAR token. However, future buybacks will happen without advance notice to avoid market speculation.
In addition, after each buyback DappRadar DAO will lock the purchased RADAR tokens for a period of 6 months. After the locking period, RADAR flows back into the community through quest rewards, contribute-to-earn distributions, the ambassador program, and other community-oriented initiatives.
You can read more about our first buyback event on the .
The RADAR Buyback Program is currently managed by the DAO core team, and the buyback process needs to decentralize in the future. This shift symbolizes our shared commitment to the vision of the community-owned World’s Dapp Store.