2/3: Dynex Enterprise Driven Buyback Update
In October 2024, we introduced a new economic model for DNX, directly linking the usage of Dynex’s quantum compute to DNX. Since then, usage has surged, leading to increased gas fees and transaction fees, further strengthening the ecosystem.
To enhance DNX’s value, we also launched a buyback program funded by FIAT subscription revenues from Dynex’s enterprise customers. All acquired DNX are deposited into a public buyback wallet, reinforcing demand and utility.
We recently rolled out a major update to our block explorer, providing enhanced visibility into buybacks and key economic metrics. However, we believe we can do even more to increase transparency and community engagement.
Introducing the Dynex "Buyback Officer"
To ensure smooth, transparent, and efficient execution of enterprise-driven buybacks, we are introducing the position of a Dynex Buyback Officer, responsible for:
Daily Buyback Execution: Buybacks will be split and performed daily at arbitrary times to optimize market impact.
Daily Wallet Transfers: Acquired DNX will be withdrawn daily to the public buyback wallet for full transparency.
Community Communication: The Buyback Officer will engage with the community, providing updates and additional insights.
The Buyback Officer will be officially introduced next week, and operations will begin immediately.
We firmly believe that this is another major milestone in our journey toward establishing DNX as the leading quantum currency. Thank you for your continued support!
Introducing the Dynex "Buyback Officer"
To ensure smooth, transparent, and efficient execution of enterprise-driven buybacks, we are introducing the position of a Dynex Buyback Officer, responsible for:
Daily Buyback Execution: Buybacks will be split and performed daily at arbitrary times to optimize market impact.
Daily Wallet Transfers: Acquired DNX will be withdrawn daily to the public buyback wallet for full transparency.
Community Communication: The Buyback Officer will engage with the community, providing updates and additional insights.
The Buyback Officer will be officially introduced next week, and operations will begin immediately.
We firmly believe that this is another major milestone in our journey toward establishing DNX as the leading quantum currency. Thank you for your continued support!