Using Treasury to buy and burn wmemo below its backing price is the best way to increase value and returns for holders. Not only does it increase the trading price of Wmemo but it reduces supply and as a result increases the backing price for the remaining coins. It is one of the easiest ways to get the coin back on track. It has also been used by wMemo in the past to increase its backing and bring higher returns to holders. This should be implemented ASAP to benefit holders.
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Man I like this. I would support something like this moving forward… Me and my .18 WMEMO that I paid $13K for. Get us a good comfortable backing then start working on the price of time…
Just wanna link to another thread that’s already talking about this.
https://dao.wonderland.money/t/lets-move-forward-restart-the-buybacks-first/16968/10
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