Published in


New DENA Buyback Policy

To support the value of DENA, the key token of DeNations, we are announcing the new DENA buyback policy. We may use up to 10% of Ether collected through our Nation Ownership sales to buy back DENA in the exchange (including DENA pairs in the Uniswap), when we think DENA is underpriced.

Buyback Budgets

  • Up to 10% of quarterly Nation Ownership sales (directly sold by DeNations) sold in Ether may be used as a quarterly buyback budget for the next quarter.
    ex) If accumulated Ether sales of 2021 1Q (January ~ March)sold by DeNations was 100 Ether, then DeNations may use up to 10 ETH as buyback budget of 2021 2Q (April ~ June).
  • 10% of the 1st land sales will be used for DENA buyback and burn.
  • 30% of the royalty fee(3.5%) from land’s secondary sales will be used for DENA buyback and burn.

Buyback Execution Timeline

  • Buyback execution may happen at arbitrary times at our discretion without prior notice to prevent abusing activity of arbitrage players. Buyback frequency may be also arbitrary.