Buyback Radar

Fake World Assets FWA

Sell signal activeRank#30▲5Score38

Distribution cut held since Oct 28, before tracking started. paid to holders $2.41k in the week to 2026-11-11 vs $92.6k per week from 2026-08-13 to 2026-11-04 (3%) while REV7 is $3.10k ($66.4k the week before); last payout 2026-11-11. Still open: the payout has not recovered. Also active: Sell signal. See Signals.

Luck Games, Ethereum, 100 days of data,

Active signals 2

  • Sell signalsince Nov 7

    Revenue this week $3k, 5% of the week before.

    Weekly revenue drop: revenue this week $3k, 0.0× the week before, paid to holders 0.0× the week before. Still open: weekly revenue drop and gradual decline over 30 days still holds.

  • Distribution cutheld since Oct 28

    Paid to holders this week $2k, 3% of its usual $93k per week. Revenue this week $3k.

    Payout to holders cut: revenue this week $3k, 0.0× the week before, paid to holders 3% of its usual week. Still open: the payout has not recovered.

Market cap

$3.9M

price $0.00394 · 7d −20.6% · 30d −68.7%

FDV $3.9M (1.0× market cap)

source defillama

Buyback revenue / year

$1.6M

bought back on-chain over the measured window, per year: lower than the $1.8M DefiLlama counts, so the measured amount is used

Buyback + burnbuyback share 80%

Buys back 42% of its market cap a year (measured on-chain), using 80¢ of every $1 it earns.

Multiple

2.4×

median of all tokens 20.2×, against 2.4× here

Run-rate

34.9×

last 7 days $2k × 52 × 0.9 (on-chain cap) = $112k a year

last week's payout to holders ran at 7% of the 30-day pace: the payout is slowing

What we checked

  1. Valuation

    Multiple 2.4× (on the amount measured on-chain), 8.4× cheaper than the median of all tokens (20.2×; its category is too small for a peer group). The group's largest earner Hyperliquid trades at 20.2×: 8.4× cheaper per dollar returned to holders. On total revenue: 1.7×, 10.5× cheaper than the revenue peer median.

  2. Distribution

    Buyback + burn: Revenue buys the token on the market and the bought tokens are burned. Holders got $149k of $187k revenue in 30 days → buyback share 80%. DefiLlama: “Token Buy Back And Burn: FWA bought back with protocol fees and burned.”

  3. Sustainability

    Holders were paid on 30 of 30 days (100%); largest single day 28% of the month's holders revenue; paid to holders this week: 0% of the best week in 90 days (more than half below peak). Revenue −95% over 7 days and −70% over 30 days, price −69% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

  • Distribution cutheld since Oct 28, before tracking started; paid to holders $2.41k in the week to 2026-11-11 vs $92.6k per week from 2026-08-13 to 2026-11-04 (3%) while REV7 is $3.10k ($66.4k the week before); last payout 2026-11-11. Still open: the payout has not recovered. See Signals
  • Sell signalactive since Nov 7; REV7 fell to 0.0× of the previous week; REV ratio 0.0×, HR ratio 0.0×. Still open: weekly revenue drop and gradual decline over 30 days still holds. See Signals
  • Payout >50% below peakthis week's holders revenue is 0% of its best week in the last 90 days ($712k)
  • Small peer group51 peers in universe; median taken from the universe level

How the buyback really works

Researched Nov 1, 2026 · 5 wallets: 5 high confidence

  1. The moneyPaid from ongoing revenue
  2. The buyerA contract buys back automatically
  3. The tokensBought tokens are burned

The project says 80% of its revenue goes to buybacks, in line with DefiLlama (79.7% of fake-world-assets-v2's revenue).

On-chain: $134k bought back over 30 days = 90% of what DefiLlama reports for the same days.

Method: Etherscan v2 getLogs: Bought events of FWAV2Buyback 0xaba9…, burnedTokens FWA per buy (DefiLlama counts the burned portion). Checked November 12, 2026.

Red flags 6

  • The owner can pause the buyback contract (setPaused, onlyOwner). While it is paused, the owner can withdraw all ETH and tokens (rescueETH/rescueToken require paused). This is stated literally in the verified source.
  • The owner unilaterally changes the burn/rewards split via setRouteSplit (onlyOwner). According to the research: 40/40/20 (2026-09-10) -> 20/60/20 -> 10/10/80 (2026-09-28) -> 0/0/100 (2026-10-08) -> 0/12.5/87.5 (2026-10-22). protocolFeeToTokenBps went from 10000 to 8000 (2026-10-08).
  • The 80% applies to the net protocol cut (after builder rewards), not to volume. Most of the 'fees' go to NFT depositors.
  • The unburned portion (now 12.5%) goes as FWA rewards to purchasers, who can sell it.
  • Shaky history: at launch 0% went to buybacks, and the rules were changed quickly after backlash. DefiLlama counts the V1 'retroactive' buybacks (327 ETH, FWA to the team wallet) as holders revenue, which is misleading. These fall outside the current 30d window.
  • A young project with a gacha model and hype-driven revenue. The burn rate dropped sharply after 2026-10-08 (about 1–4 ETH per day, versus 20+ ETH on 2026-10-07/08).
Buyback wallets 5
Sources 7

Open the buyback wallets in their explorer and look for regular purchases of the token.

Check it yourself (technical)

Read the Bought events of FWAV2Buyback 0xaba9...: Bought(address indexed caller, uint256 ethSpent, uint256 tokensBought, uint256 callerReward, uint256 depositorTokens, uint256 purchaserTokens, uint256 burnedTokens), topic0 0x15053609d51f61ee8a7b1c2250290b901d8ef6cb2afec5d8987f3d8cafa06c4f. Fetch them via Etherscan v2 getLogs (chainid=1) or Blockscout /api/v2/addresses/0xaba9.../logs and paginate fully: there are thousands of events per month. The actual burned portion in ETH is ethSpent*burnedTokens/tokensBought; the DefiLlama adapter does the same. Own recount via Blockscout for 6–31 Oct 2026: 9,020 Bought events, 131.4 ETH spent, about 119.5 ETH-equivalent burned and 28.3M FWA burned. On 2026-10-31 alone 1,264 buys and about 20.8 ETH, consistent with DefiLlama (~$45k that day). Also check the ConfigSet events on FWAV2 (key 23 = protocolFeeToTokenBps) and the RouteSplitSet and PausedSet events on the buyback contract.

Holders revenue / revenue (30d)
$149k / $187k
last 30 closed days
To holders
Buys back 42% of its market cap a year (measured on-chain)
FDV / dilution
$3.9M / 1.0×
FDV ÷ market cap
Price 7d / 30d
−20.6% / −68.7%
Revenue growth 7d / 30d
−95% / −70%
versus the period before
Divergence
0.00
revenue growth minus price growth, 30d
DEX liquidity
$1.3M
DexScreener, representative pools
24h volume
$21k
all markets, CoinGecko
Unlocks 30d
$0
DefiLlama vesting schedule: nothing unlocks
Revenue multiple
1.7×
market cap ÷ revenue per year
Fee multiple
0.3×
market cap ÷ fees per year
Distance to peak
0%
this week ÷ best week of 90 days
Data since
Aug 4
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today 2.4× (scored) · peer median 20.2×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
DateSignalPrice thenAfter 7dAfter 30dSinceOutcome
November 8, 2026Sell signalactive$0.00381——+4%30-day check: day 4
October 28, 2026Distribution cutactive$0.00399——−1%not counted
October 30, 2026New in top 20closed Nov 5: now ranked #21$0.00547−30%—−28%not counted

Versus peers

universe (whole universe) · 52 tokens (51 with a multiple) · median multiple 20.2× · Hyperliquid is valued 4321.9× higher. Per dollar that counts for holders, Fake World Assets is 8.4× cheaper.

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
TokenDistributionMultipleRevenue multipleBuyback shareTo holders 30dMarket capRev. growth 30d
PaperStrategyBuyback + burn0.2×0.1×42%$780k$1.9M+17%
Pharaoh Exchangeve / bribes0.3×0.2×100%$1.3M$2.6M−52%
OTCBuyback + burn0.5×0.2×43%$292k$1.9M+111%
RamsesXMixed0.7×0.5×97%$368k$2.2M+8%
nestDistribution0.8×0.4×100%$869k$4.4M+32%
SaplingBuyback + burn0.9×0.7×82%$100k$1.1M−30%
ORE ProtocolBuyback + burn1.0×1.0×99%$4.3M$51.7M+37%
StonkFunBuyback + burn1.7×1.0×60%$1.7M$34.5M−88%
upve / bribes2.0×1.0×100%$313k$3.9M−68%
Fake World Assetsthis tokenBuyback + burn2.4×1.7×80%$149k$3.9M−70%
THORSwapMixed3.7×2.1×75%$312k$10.4M+55%
MarinadeBuyback5.1×2.5×50%$193k$11.9M−13%
ChainflipBuyback + burn5.4×5.4×100%$520k$34.4M+59%
PonsBuyback + burn5.7×5.7×118%$1.7M$99.8M−84%
PumpBuyback5.8×2.6×44%$21.9M$1.54B−24%
UsualMixed6.3×3.3×70%$378k$21.6M+80%
Aerove / bribes8.7×4.0×96%$7.4M$372.0M−6%
Tornado CashMixed9.6×7.2×100%$278k$24.4M−21%
SSV NetworkMixed12.4×9.3×100%$275k$31.1M−10%
SparkBuyback13.0×3.7×29%$340k$53.8M+133%
LighterBuyback14.6×11.8×81%$4.4M$775.1M+14%
edgeXBuyback16.0×7.0×44%$622k$120.8M−43%
LidoBuyback18.6×6.2×34%$0$255.2M+6%
GeodnetBuyback + burn18.8×15.1×80%$744k$170.5M0%
PancakeSwapBuyback + burn19.5×12.8×65%$2.4M$563.6M−29%
HyperliquidleaderBuyback + burn20.2×20.2×100%$68.8M$16.94B−3%
BankrDistribution20.3×8.8×86%$237k$25.1M−85%
deBridgeBuyback20.8×15.6×75%$340k$86.1M−13%
ApeX ProtocolMixed21.2×15.9×100%$145k$28.2M−21%
Yield Basisve / bribes22.1×7.8×100%$148k$14.0M41.0×
SkyMixed26.7×8.4×42%$5.5M$1.34B−3%
RaydiumBuyback27.1×16.8×62%$1.3M$425.4M−65%
Curve Financeve / bribes29.3×11.1×94%$2.6M$374.4M+44%
Collector CryptBuyback + burn35.3×0.9×3%$392k$168.2M−5%
GMXDistribution37.0×13.5×73%$354k$79.6M+15%
Maple FinanceBuyback37.2×7.4×20%$326k$147.5M+14%
UniswapBuyback + burn37.3×37.3×100%$8.2M$3.71B−20%
Convex Financeve / bribes47.5×13.8×95%$881k$155.5M0%
OrcaBuyback47.8×7.9×16%$130k$75.6M−36%
AsterBuyback + burn50.2×∞—$2.8M$1.69B—
JupiterBuyback50.2×15.9×32%$1.4M$856.4M−32%
dYdXDistribution51.6×25.8×100%$240k$75.2M−15%
VeniceBuyback + burn68.7×68.7×100%$1.1M$941.4M+22%
KinetiqMixed84.8×37.3×59%$133k$103.2M−37%
RailgunDistribution86.5×28.1×66%$202k$116.7M−9%
Pendleve / bribes104×37.2×72%$411k$260.0M+39%
Render Network BMEBurn122×86.6×95%$751k$832.8M+240%
ChainlinkBuyback152×147×100%$4.3M$7.66B−2%
MeteoraDistribution180×5.2×18%$458k$161.9M−60%
NEAR ProtocolBuyback206×194×94%$1.8M$4.51B−18%
LiquityDistribution1.2k×8.2×80%$128k$15.8M+409%
BONK.funMixed∞11.7×95%$1.5M$233.7M−67%
Score build-up38 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

38of 100#30▲5top 58% one or more parts are the neutral 50
Valuation 26.3Momentum 0.0Divergence 0.0Quality 11.5= 37.7
Valuation35%
75Valuation 75.0: HR half 100.0 (multiple 2.40×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 50.0 (revenue peer group fell back to the universe → neutral 50; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.
Momentum25%capped
0Momentum 0.0: m = 0.5·g7 −1.500 + 0.3·(ln(day jump 0.12) clamped ±1.5 = −1.500) + 0.2·g30 −1.204 = −1.441; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.
Divergence20%capped
0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.
Quality20%
57Quality 57.3: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 28% of HR30 → 71.8 (0 at ≥60%, 100 at ≤15%), distance to peak 0.00 → 0.0 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penaltiesnone

No penalty applies — 10 rules checked, 3 wait for research data

Where the numbers come from
Revenue source
2 active children
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 11, 2026
as-of date of the last compute run
On-chain verified
yes
checked Nov 12
Protocols behind this token2 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

  • Fake World Assets V2
    Luck Games · Ethereum
    type buyback-burn · source label
    “Token Buy Back And Burn: FWA bought back with protocol fees and burned.”

    FWA bought back with protocol fees and burned.

    Token Buy Back And Burn
    FWA bought back with protocol fees and burned.
    adapter on GitHub ↗
  • Fake World Assets V1
    Luck Games · Ethereum
    type buyback-burn · source label
    “Token Buy Back And Burn: FWA bought back with protocol fees and burned.”

    FWA bought back with protocol fees and burned, plus retroactive scheduled buybacks funded from previously earned team fees.

    Retroactive buybacks
    Scheduled FWA-token buybacks (327 ETH in 1 ETH slices every 2 hours) funded from previously earned team fees; the bought FWA went to the team wallet.
    Token Buy Back And Burn
    FWA bought back with protocol fees and burned.
    adapter on GitHub ↗