I am excited to announce that with the launch of the XYO Foundation and the growth of COIN, we at XY — The Persistent Company have officially launched our XYO Token Buyback!
The market price for XYO as many have noticed has been on a steady down trend for the last 3 quarters while we have been quietly developing the protocol and applications that use XYO. During this time, we have also grown the COIN App substantially and have seen a lot of excitement around the new COIN Boss self-serve advertising platform.
We feel at this time that the XYO Token is very undervalued, and thus have decided to start buying Tokens on the open market as supply for the COIN application and to hold.
We will be dedicating a portion of our revenue on an ongoing basis to purchase this supply and as COIN grows, expect that purchasing process to accelerate.
I feel that it is very important that we are transparent about this and am very excited that we are in the position to be able to do this. As for the future value of XYO, I cannot speculate, but I wanted to make sure that it is common knowledge that we are now buying XYO Tokens on the open market to supply COIN with tokens to redeem.
We are also expecting to open COIN Boss to more users in the near future and be able to take XYO payment for COIN Boss sponsored Geodrops!
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