ð°$ARENA Buy Back Program
Last updated
Last updated
Users will be able to sell their ARENA back to the protocol. This will be known as the ARENA Buy Back Program (ABBP) and it is designed to provide users an ability to earn stable coin for their victorious battles. The ABBP is put in place to enable the value of ARENA to continuously increase over time. Users selling to the protocol will be paid from the $ARENA Treasury (which will launch with 100,000 BUSD). This value will always be increasing because of the times that users will be able to use the ABBP. The ABBP will operate like a ladder system based on ABV value. Users can sell arena until it reaches a lower threshold ($1,000 increments) at which point sales are turned off until the ABV value rises. If ABV rises, each time it surpasses a $1,000 threshold it moves the ladder up making the minimum price always increasing.