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What are buyback programs and why does Nexo have one?

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On December 3, 2020, we launched another major installment of the Nexonomics series: our $12M NEXO Token buyback program.

As we unveiled the details of this latest release, a few Nexonians asked for additional information on our buyback program, and on the purpose and mechanism of repurchases in general. So to make sure NEXO Token holders are all on the same page, we would like to use the opportunity to shed additional light on this process inspired by traditional finance and embraced by its digital counterpart.

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