What does TBY mean in the context of cryptocurrency?

3 answers

• Jan 25, 2022 · 3 years ago
  TBY stands for 'Token Buyback Yield' in the context of cryptocurrency. It refers to a mechanism where a portion of the tokens in circulation are bought back by the project team using the profits generated from various sources such as transaction fees, staking rewards, or other revenue streams. The bought-back tokens are then burned or permanently removed from circulation, reducing the total supply and potentially increasing the value of the remaining tokens. This buyback and burn process aims to create scarcity and incentivize token holders to hold onto their tokens for long-term gains.
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• Jan 25, 2022 · 3 years ago
  TBY is short for 'Total Blockchain Yield' in the cryptocurrency world. It represents the overall return on investment (ROI) that can be achieved by participating in a particular blockchain network. This yield includes various sources of income such as staking rewards, transaction fees, and other incentives provided by the blockchain protocol. By understanding the TBY of a cryptocurrency project, investors can assess the potential profitability and attractiveness of participating in that particular blockchain ecosystem.
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• Jan 25, 2022 · 3 years ago
  TBY, also known as 'The BYDFi Yield', is a unique concept introduced by the BYDFi cryptocurrency exchange. It represents the yield or return on investment that users can earn by participating in the BYDFi ecosystem. This yield is generated through various mechanisms such as staking, liquidity mining, and yield farming. The BYDFi platform offers users the opportunity to earn passive income by holding and participating in the BYDFi token and other supported cryptocurrencies. The TBY concept aims to provide users with attractive returns and incentives to actively engage with the BYDFi platform.
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