$N2 Buy Backs and Burns

We believe as close to 100% of revenues should be used to provide value to $N2 holders while maintaining complete security and safety for all users.

That's why we explored in-depth multiple options to accrue value back to token holders, including staking, airdrops and buy back and burns.

After long internal discussions and consulting several advisors, we decided that weekly buy back and burns would be best for the project long term, for the following reasons:

• Staking, which was our initial plan, poses security risks (ie. router clogs), as well as a large percentage of profits eaten by gas fees

• Airdrops are also unfeasible due to high gas costs. Each distribution would require 2-3 ETH in gas, which would be better suited for marketing or purchasing additional nodes

• Buy backs and burn is battle-tested model that creates constant buy pressure on the token while removing more tokens from the supply to support price appreciation

• In addition, the burn wallet will continue to accrue 2% passive reflect fees which creates a hyper-deflationary "blackhole" that circulating supply even faster

Buy backs will be done once a week and announced in our community channels and buy back history page