FFC Buyback
Welcome to FFC Buyback, a unique program designed to balance the supply of FFC Trading Cards in the FOREVER FC ecosystem.
Purpose of FFC Buyback
At FOREVER FC, we believe in the value of our next-generation digital collectibles and understand the importance of scarcity and demand in a digital collectibles market. That's why we've implemented the FFC Buyback program. This initiative involves both platform- and user-initiated repurchase and retiring of FFC Trading Cards, effectively reducing the total supply of cards in circulation. The funds for this program are allocated from secondary royalties.
How FFC Buyback Works
The FFC Buyback program is funded by a portion of secondary royalties. This funding is then allocated across different card tiers in the following proportions:
| Tier | Allocation |
|---|---|
| S | 79% |
| A+ | 15% |
| A | 4.5% |
| B+ | 1.5% |
The price at which we buy back cards is dynamic, determined by factors such as card tier, overall base rating, original tier, and fund balance. The following table provides a base reference for the buyback price ranges per card tier:
| Tier | Price Range |
|---|---|
| S | $50-$150 |
| A+ | $15-$30 |
| A | $5-$10 |
| B+ | $1-$3 |
| B | N/A |
The specific price within the range is determined by comparing a card's base rating to the ratings of all cards in the same tier - and occasionally a card's supply compared to others in the same tier. However, the final buyback price is capped by the remaining balance in the respective fund.
Through the FFC Buyback program, we maintain a healthy balance of cards in the FOREVER FC ecosystem, ensuring a sustainable and rewarding experience for all our users.