A token buyback occurs when a protocol deploys capital to purchase its own token from the open market. The purchased tokens are either permanently destroyed or retained by the project treasury for future use. Buybacks convert protocol earnings into direct buy-side demand, creating a deflationary force that benefits remaining holders. Tokenomist organizes buyback events using a 3-dimensional taxonomy: **Type dimension** distinguishes what happens to purchased tokens: - Buyback & Burn means tokens are repurchased and immediately burned. This is the most holder-friendly variant because supply is permanently reduced — no tokens can re-enter circulation. - Treasury Buyback means tokens are purchased from the open market by the project treasury through direct purchases. These tokens remain outstanding and could be redeployed later for incentives, compensation, or strategic investments. **Source dimension** identifies where the capital originates: - Revenue: operating income from the protocol's core business. - Treasury: existing treasury holdings deployed for token purchases. - Protocol Fees: on-chain fees collected by the protocol's smart contracts. - External Funding: capital from outside sources, such as grants, partnerships, or raises. The source matters because it determines sustainability. Revenue-funded and Protocol Fee-funded buybacks scale with protocol adoption. Treasury-funded buybacks draw down finite reserves. External Funding-dependent buybacks may not recur. **Precision dimension** captures data reliability: - On-chain Exact buybacks are verified through on-chain transactions and carry the highest reliability. Tokenomist can trace the purchase, the source wallet, and the destination (burn address or treasury). - Reported buybacks are disclosed via public reports, blog posts, or governance proposals but lack full on-chain verification. - Estimated buybacks are inferred from indirect data — for example, treasury balance changes or exchange flow analysis. Tokenomist's Buyback Screener lets you filter and rank projects by buyback volume, type, source, and precision across the entire tracked universe. The Buyback Comparison tool places projects side by side, normalizing buyback data against circulating supply and market cap so you can evaluate the relative impact. The single-token Buyback Panel surfaces the complete buyback history for any tracked project, broken down by all three taxonomy dimensions.