Iβve had my eyes on
$RIPS for a bit, and the buyback mechanism is honestly what made me interested.
CA: 3gp2kstiWME9J2QCTtySn4ahmwFf7CEaSMhDgsJapump
Itβs actually one of the main things that made me want to get heavily involved with
@RipsOnSOL.
90% of their
Pump.fun trading fees goes into card gachas. Whatever cards they pull get sold for USDC, and that USDC is used to buy
$RIPS back from the market.
The crazy part is, a $30 gacha could hit a $2400 card or a $250 gacha could hit a $15k card, meaning that a single lucky pull could turn that dayβs buyback into a 80x bigger one. π
They call it βgacha-randomized buybacks.β
And honestly, I like the fact that you never know what the next buyback is going to look like.