AMA RECAP/CHEEMS BUYBACK PLAN.
13 Jul 2023, 17:12
AMA RECAP/CHEEMS BUYBACK PLAN
▫️As we are getting close to cswap launch and couple with our low volume currently, cheems team will be pulling $20k each from our ETH and BNB liquidity next month when it is due to unlock, and using those funds to buy back on all 3 chains. It will be $10K each on all chains and all at once, we won't be splitting it,to boost our chart and get some nice green candle going,the other $10k will go into savings for marketing and future developments.
▫️This process will really help us to push forward because with a green chart, marketing/shilling will be easy to do and attractive to prospective investors.
▫️ All of the tokens bought back will be stored for future exchange listing.We will be fully transparent and will have all wallets public so that the community can monitor this activity on chain if they choose to do so.
✅THE BIGGER PICTURE
▫️All chains will benefit from the process, if you look at our liquidity its pretty high and when the ratio is too high it hindered the token to moon fast because with fat liquidity buy pressure will not raise our price as much at it should.
▫️This liquidity pull will lower the ratio which put us in better position to moon faster.
▫️$10k pumped into each chain all at once and at this market cap that's good amount, which the effect will be obvious.
▫️This is a good idea and we really want you to
trust our plans, as we won't do anything to hurt cheems or your investment,every steps we've taken over the years are for the good.
▫️ The beautiful thing is liquidity will always build back, so this process will keep our liquidity ratio healthy in relation to our marketcap.
▫️VC Questions and Answers
Q: If there are these big buybacks we’ll have big CA sells… right?
A: Not really, remember taxes have been lowered so it takes longer to trigger ca sell now.
Q: Will all chains get buybacks?
A: Yes,all chains will get $10k buy each and all at once