Faceter buyback program and a description of how it will work: After Faceter starts making a profit, it will allocate ~20% of our revenues to buy out FACE tokens to replenish the reserve pool on a quarterly basis.
The buy-out price will be based on the market value of FACE token,
but not below its nominal value. FACE token buy-out mechanism:Based on quarterly results,
~20% of the company's revenue will be allocated to the token buy-out pull. Preparatory measures before the start of the buyout procedure will take about one month.
Faceter issues a smart contract to purchase tokens with a fixed amount and a fixed closing date.
Faceter users will be informed of the opportunity to sell their tokens. Token holders will be able to send their tokens for sale until the critical point is reached an amount covering the buy-out of a certain number of tokens defined b y the smart contract.
Token holders will be able to send and revoke their tokens prior to the closing date of the smart contract. After the closing date, the number of tokens will be fixed and
all participants will be sent funds in proportion to the number of tokens remaining on the contract. Source: https://t.me/faceterhttps://coinidol.com/upload/medialibrary/899/899c35ab154f27212648ea18f3c832e3.jpg 