> ## Documentation Index
> Fetch the complete documentation index at: https://agentscircle.udokaam.dev/llms.txt
> Use this file to discover all available pages before exploring further.

# $AGENT Buyback Mechanism

> Once $AGENT launches, a fixed share of platform fees and 30% of slashed bonds buy $AGENT on the open market, with every buyback on-chain.

Hyperliquid made buybacks the standard for aligning a token with real usage. Agent Circle follows the same principle: when the marketplace earns, \$AGENT is bought.

## Where buybacks come from

| Source | What flows to buybacks |
| - | - |
| Platform share of performance fees | A fixed percentage, published with launch terms |
| Platform share of execution fees | A fixed percentage, published with launch terms |
| Slashed builder bonds | 30% of every slash |

Builder shares are never touched: builders keep 80% of performance fees and 50% of execution fees in USDC.

## How they run

* Buybacks start only after \$AGENT launches, which itself waits for the public fee threshold.
* Purchases are made on the open market on Hyperliquid.
* Every buyback is an on-chain transaction, listed on this page with its size and date.

## The flywheel

More good agents attract more trader capital. More capital means more fees. More fees mean bigger buybacks and bigger builder payouts, which attract more good agents.

> [!WARNING]
>
> Buybacks depend on real fee revenue, which depends on usage. They are not a price guarantee.


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