NAP Buyback Program

Naplozz has introduced the NAP Buyback program to facilitate the NAP Rewards program in the long term. It guarantees that in the future, our users can utilize the tokens conveniently in our ecosystem. The Regular Buyback happens monthly after receiving the subscription fee of every subscriber for the previous month. Initially, the buyback rate is 10%. The Naplozz NAP Buyback program has been introduced as a standalone initiative aimed at ensuring the long-term usability of NAP tokens within the Naplozz ecosystem.

Under the NAP Buyback program, a regular monthly buyback process occurs. This process takes place after Naplozz receives the subscription fees from its users for the previous month. Once the subscription fees have been collected, Naplozz initiates the buyback process.

Initially, the buyback rate is set at 10%. This means that Naplozz commits to repurchasing NAP tokens from the market equivalent to 10% of the subscription fees collected from users. For example, if the total subscription fees for a given month amount to $10,000, Naplozz will allocate $1,000 to buy back NAP tokens.

The main purpose of the buyback program is to create demand for NAP tokens and enhance liquidity within the market. By regularly repurchasing tokens, Naplozz aims to contribute to the stability of NAP token value, ensuring that users can conveniently utilize them within the Naplozz ecosystem.

Last updated