> ## Documentation Index > Fetch the complete documentation index at: https://docs.tokenomist.ai/llms.txt > Use this file to discover all available pages before exploring further. # Buyback Taxonomy # Overview Tokenomist classifies buyback events using three dimensions: **Type**, **Source**, and **Precision**. Together, these tags provide full context for each buyback — not just *what* was bought, but *how* it was executed, *where* the funds came from, and *how reliable* the underlying data is. This taxonomy helps users evaluate whether a project's buyback activity is sustainable, verifiable, and meaningful for long-term supply dynamics. # Buyback Type The **Buyback Type** tag shows *how* the buyback was executed. | **Type** | **Description** | | -------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Buyback & Burn** | Tokens repurchased and immediately burned, permanently reducing supply. | | **Treasury Buyback** | Direct token purchases from the open market (e.g., exchanges or liquidity pools) by the project treasury or foundation to rebalance reserves or retire supply. | # Buyback Source The **Source** tag indicates *where* the buyback funds come from, helping users understand sustainability. | **Source** | **Description** | | -------------------- | --------------------------------------------------------------------------------------- | | **Revenue** | Ongoing product or protocol revenue used to finance buybacks. | | **Treasury** | Capital drawn from the project's treasury reserves or prior fundraising. | | **Protocol Fees** | Fees collected from network or transaction activity (common in L1/L2 or DEX protocols). | | **External Funding** | Non-recurring or external sources such as partnerships, grants, or investor funding. | Together, the **Basis**, **Type**, and **Source** tags give full context for each buyback event, showing not just *what* was bought, but *how*, *with what funds*, and *how verifiable* the data is. # Buyback Precision The **Buyback Precision** tag indicates how the data was obtained and how reliable it is, similar in spirit to [Precisions and Assumptions](/precision-and-assumption). | **Basis** | **Description** | | ------------------ | ----------------------------------------------------------------------------------------------------------- | | **On-chain Exact** | Verified through on-chain transactions with known buyer addresses and token transfers. Highest reliability. | | **Reported** | Disclosed by the project via public reports, blog posts, or announcements. | | **Estimated** | Inferred from indirect data when explicit transaction records are unavailable. | # Spent Amount vs Inflow Value When tokens are transferred into a designated buyback wallet, this does not necessarily indicate that the project spent *token amount × price* at that moment. Buyback wallets often * Receive tokens purchased in advance * Aggregate funds for multiple purchases * Conduct OTC deals at prices that differ from spot market rates. The **Spent Amount vs Total Value** comparison highlights the efficiency of a project's buyback strategy: * **Spent Amount** shows the *actual* USD capital deployed, which is derived from on-chain transactions linked to known buyer addresses. * **Inflow Value** represents the *calculated* market value of tokens repurchased (token amount × market price at the time of buyback). A gap between the two indicates off-market purchases, OTC deals, or varying execution efficiency. # Access Features