> For the complete documentation index, see [llms.txt](https://docs.billybets.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.billybets.ai/tokenomics/buyback-and-burn.md). # Buyback & Burn The main objective of the $BILLY token is to directly link the trading performance to the tokenomincs through a buyback and burn mechanism. This allows for $**BILLY token holders to passively benefit from the success of the autonomous betting** strategies without having to set their own bets, track games or engage with the agent themselves. Billy Bets will autonomously place bets and upon the end of a betting epoch (currently 1 week), Billy Bets will use 50% its net profits to buyback $BILLY tokens which will subsequently be burnt. Net profits will be calculated as the difference between the starting bankroll and the final bankroll during an epoch. Should Billy Bets not exceed his starting bankroll on any given period, the starting bankroll figure will be rolled forward for the next epoch, ensuring that Billy Bets continously grows his bankroll to facilitate larger buyback and burns in future. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.billybets.ai/tokenomics/buyback-and-burn.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.