TerraMatris is excited to announce our first buyback initiative aimed at enhancing the value of TerraM tokens and supporting our investors. Once the fund's value reaches $3,000, we will take significant steps to strengthen our token's market position and reward our loyal community.
Strengthening the Raydium Liquidity Pool
As part of our strategy, we plan to add more TerraM tokens, fully backed by USDC, to the Raydium liquidity pool. This move is designed to bolster liquidity, ensuring smoother transactions and a more stable trading environment for TerraM holders.
Launching the Buyback Program
In addition to enhancing liquidity, we will initiate our first buyback program. Over four weeks, we will allocate $100 for buybacks, spending approximately $25 per week. This initiative aims to limit the total supply of TerraM tokens in the liquidity pool, which is expected to positively impact the token's price.
Why Buybacks Matter
Buybacks are a strategic move to reduce the circulating supply of TerraM tokens. By purchasing tokens from the liquidity pool, we aim to create upward pressure on the token's price, providing our existing investors with the potential for portfolio growth. This strategy not only benefits our investors but also demonstrates our commitment to supporting and growing the TerraM ecosystem.
Expected Outcomes
We anticipate that the buyback initiative will lead to an increase in the TerraM token price, targeting a range of $1.40 to $1.50 per token. This increase reflects our confidence in the long-term value of TerraM and our dedication to delivering tangible benefits to our community.
Timeline and Market Considerations
While we aim to achieve the $3,000 fund value and start the buyback program by the end of June, there is a possibility of a slight delay into July due to market uncertainties. We are closely monitoring the market conditions to ensure that our actions align with the best interests of our investors and the stability of the TerraM token.
Allocation Breakdown
From the $3,000 fund value, approximately 3.33% ($100) will be allocated for the buyback initiative. This calculated approach ensures that we maintain a balanced strategy, supporting token value while preserving sufficient funds for other strategic actions.
Conclusion
The upcoming buyback initiative marks a significant milestone for TerraMatris and the TerraM community. By enhancing liquidity, reducing supply, and aiming for a price increase, we are committed to creating a robust and rewarding environment for our investors. We appreciate your continued support and look forward to achieving new heights together. Stay tuned for further updates as we progress towards our goals.