New Box
New Box
Overview
On-chain token buybacks can be offered in a transparent and decentralised manner through the usage of the Decentralised Buyback Protocol, enables projects to offer something akin to a ‘warranty’ on their own project to provide potential token purchasers with a peace of mind on the legitimacy of the project.
Why Projects Need It?
In today’s DeFi environment of anonymous projects, rug-pulls and hacking attacks, DeFi participants are increasingly wary of new and upcoming projects, often to the detriment of the ecosystem as a whole.

IJS introduces the Decentralized Buyback Protocol which enables projects to offer something akin to a ‘warranty’ on their own project to provide potential token purchasers with a peace of mind on the legitimacy of the project.
Warranties and money-back guarantees provide consumers with confidence to make purchases
Incentivizes the project brand to raise standards and increase quality of their offerings
How It Works
IJS Decentralized Buyback Protocol works through a mechanism whereby the projects offer to ‘buy back’ tokens at a future date for a predetermined price. The validity of this ‘buyback’ is transparently controlled on-chain through smart contracts and a collateralization mechanism.
Implemented by OpenSwap Community
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