Taτsu, the world’s first Bittensor powered decentralized AI applications, announces a tactical buyback in response to the recent market decline of the $TATSU token. Strategic buybacks aim to provide the necessary token support until market conditions improve and more development is visually seen. Even though the smart contract is renounced, which means that the collection of tax tokens cannot be stopped, buybacks are performed after each tax token swap back to negate the charts’ negative impact.
Due to the recent poor performance of the $TATSU token, we are initiating strategic DCA buybacks to help stabilize its price until the broader market recovers and we can showcase more developments.Although our smart contract is renounced, preventing us from stopping the… pic.twitter.com/B2ssMIUcMN
— Taτsu (@TatsuEcosystem) May 12, 2024
Tatsu Implements Buybacks to Ensure Token Stability
It is important to note that these buybacks will not be permanent. After the code required for building the larger subnets is completed, it will become more important to accumulate $TAO. Although, for the time being, stability is the number one priority.
The buyback confirms the commitment of all parties involved in the Taτsu ecosystem’s longevity and success. Essential actions get proactively implemented to stabilize the $TATSU token. As a result. It will boost investor and community confidence while the ecosystem faces difficult circumstances.
Community Focuses on Growth Amid Tatsu’s Temporary Buybacks
Along with this, these buybacks can be seen as a temporary measure, as the community keeps prioritizing the growth of the ecosystem and introduction of new solutions. The search for alternatives is continued to make the Taτsu offering more competitive and ensure solid and steady growth in the future.
As the market is going through the current period of doubt, the purpose of developing a healthy and wealthy ecosystem consisting of decentralized AI solutions remains. The patience and support of users are appreciated to put trust that the team will overcome all the current impediments and fully utilize Tatsu’s potential. In essence, these buybacks are a temporary solution to ensure the continuation of partaking in the ecosystem’s growth.