Aave Labs team member: Token buybacks themselves do not create value and should be seen as a supplementary means rather than a planned initiative.

Kolten, a member of the Aave Labs team, stated on the X platform that crypto projects or DAOs should conduct buybacks when they have excess cash and believe asset prices are low. Tech giant Apple's strategy prioritizes investing in its own business, only conducting buybacks when it has ample remaining cash and believes stock is the best investment option, focusing on its competitive business advantage. This principle applies to any asset; the main drivers of price are adoption, market dominance, and an attractive narrative. Buybacks can send confidence signals and reduce token circulation, but they do not create value themselves and should be used as a supplementary measure, not the plan itself. For tokens, the effect of buybacks is further weakened when the new supply in the market exceeds the amount bought back. Many crypto companies overemphasize native crypto buyers, ignoring the fact that 95% of potential investors are not interested in token economics. Most buyers have never heard of crypto Twitter; they value product features and an easy-to-understand story. Furthermore, most crypto assets currently exhibit homogeneous trading characteristics, making it difficult to achieve independent valuations until projects can attract users and funds independent of the overall crypto market, thus hindering the significant impact of buybacks.