Can someone fill me in on the details of this buyback? I havent really been paying attention since the ICO and I have no idea what this buyback is all about.
Just like the the word says "buyback" simply means the starta team has initiated a buyback process, they buyback sta tokens at a certain price from the exchange and burn it to reduce the total supply of sta tokens in circulation and evidently can increase the price of sta in the long run,
Less supply - increase demand - increase price, this is the whole idea of buyback, hope this helps your understanding.
Thanks D1jay. Are the terms of the buyback posted somewhere? I agree that burning STA tokens should raise the price so i am trying to determineif it make sense to sell tokens during the buyback or hold them for a later date when there is less supply. So is there a time period for the buyback? And what exchange does this happen on?
Thanks.