Author: StarPlatinum

Good Uncle, Jinse Finance

The crypto industry spent years creating tokens with no connection to the underlying business. Protocols earned $100 million, and token holders received governance rights—“Amazing tech geeks, I have a vote” (sorry, that sounds incredibly dull).

Fortunately, this model is changing.

An increasing number of protocols are using real revenue to buy back their own tokens on the market. There is a fundamental difference between a protocol spending $10 million to purchase and burn its own tokens, and merely announcing a potential buyback proposal that depends on future governance approval.

As “revenue” has reemerged as one of the biggest narratives in the crypto industry, I’ve been examining…