We are excited to bring a new model to paragen — The buy back and Hodl Model.
What is the Buy Back and Hodl Model?
For every Paragen raise conducted on the paragen launchpad — a fee is taken to fund the the paragen ecosystem. But its time to give back.
For every raise conducted on paragen, we will buy back 5% of the fees collected in $RGEN token to boost the ever growing ecosystem. This will ensure that paragen organically grows with every launch. Purchases of the paragen token will be sporadic and not subject to an event. They could happen collectively or at random intervals.
What will occur to these tokens ?
The $RGEN tokens bought back will be held in the Buy Back wallet custodial to paragen and will be used to Incentivise LOYAL holders and stakers, Airdropped, part of Kol and marketing campaign as well as a BURN event.
The reaons to start such an initiative stems so that we are not obliged to use the marketing tokens present in the treasury wallet as such turning the marketing tokens into reserve tokens.
