[Aave Labs Team Member: Token Buybacks Do Not Create Value and Should Be Seen as a Supplementary Measure, Not a Strategy] Odaily Planet Daily News - Aave Labs team member Kolten posted on the X platform, stating that crypto projects or DAOs should conduct buybacks only when they have excess cash and believe the asset price is undervalued. Tech giant Apple's strategy prioritizes investing in its own business, conducting buybacks only when there is ample surplus cash and the company believes its stock is the best investment choice, with the core focus on business competitive advantage. This principle applies to any asset, where the primary drivers of price are adoption, market dominance, and compelling narratives. Buybacks can signal confidence and reduce token circulation, but they do not create value in and of themselves and should be treated as a supplementary measure rather than a strategy. For tokens, when the market's new supply exceeds the buyback volume, the effectiveness of buybacks will further diminish. Many crypto companies focus excessively on crypto-native buyers, neglecting the fact that 95% of potential investors do not pay attention to tokenomics. Most buyers have never heard of Crypto Twitter; they care more about product functionality and easily understandable narratives. Moreover, most crypto assets currently exhibit correlated trading behavior. Until projects can attract users and capital that are not reliant on the broader crypto market, it will be difficult to achieve independent valuations, and buybacks will struggle to have a significant impact.