There is a specific moment when a "buyback" stops being a return of value and becomes a mechanism to lock holders in place. BlockDAG reached it on June 3, when it took the price people had already registered at and cut it by 97.5 percent, then asked them to send their tokens away and wait until October.
The 40x cut
For two weeks the buyback was marketed at $0.001. On June 1 a new "$0.01" tier appeared for the 48-hour registration window. Holders registered. Then, on June 3 at 21:03 UTC, the dashboard changed. Community member jeremy, 20:35 UTC:
"The dashboard has been updated, and it's asking to send 250 million tokens. Also, the sell price has changed from $0.01 to $0.00025." — Community member jeremy, June 3, 2026, 20:35 UTC.
$0.00025 is one fortieth of the $0.01 holders were told 48 hours earlier, and one quarter of the original $0.001 floor. A holder who registered 25,000,000 BDAG expecting $250,000 at $0.01 now sees an offer of $6,250 at $0.00025. Sebi, who had registered, 20:38 UTC: "I registered my buyback for $0.01 each bdag and now we should only get $0.00025 per bdag? That's not what I signed for." When pressed, the admin confirmed the change was deliberate and structural, 21:41 UTC:
"Buyback prices are with a special limited time offer. It is not a fixed price." — BlockDAG official admin, June 3, 2026, 21:41 UTC.
A buyback whose price "is not a fixed price," and which can be cut 40x after holders commit, is not a price floor. The word "buyback" has been doing work the mechanism does not support.
The two-tier split: new money gets the better deal
The June 3 announcement bundled the price cut with a brand new sale. The structure:
BlockDAG's June 3 "Legacy Sale + Buyback" tiers
- NEW Legacy Sale buyers (buy at $0.00000044): sell at $0.001, "uncapped daily sell limits," "no transfers required."
- EXISTING holders (via BDAG Swap): sell at $0.00025, 4x less than the new buyers.
- The old $0.01 / $0.02 tiers: expired. Admin: "Toy was limited offer for $0.02. Now it is $0.01" — and then $0.01 became $0.00025 on the dashboard.
The better terms are routed exclusively to fresh money. The people who funded the project for two years are now the "legacy," literally named as the past, and offered the worst tier. The forward motion of the project depends on a new cohort buying at $0.00000044, which is 113,636 times below the $0.05 launch price the original holders were promised. This is the ninth distinct sales mechanism BlockDAG has run since 2024. Community member Jose Augusto, 20:07 UTC: "Another sale, different name, LEGACY."
The October payout
The buyback was sold across May and early June with relentless urgency: "FINAL 24 HOURS," "48H ONLY," "the highest buyback phase ever, ending soon." The actual payout, holders discovered on June 3, is in October. France аdola, 20:46 UTC:
"The handover is in October and November, so why was the countdown 44 hours and not 4 months? You treat us as if we are stupid, and as if we haven't learned our lesson from the start." — Community member France аdola, June 3, 2026, 20:46 UTC.
The admin confirmed the window the next morning, June 4 at 08:12 UTC: "Available until October 1st, 2026." So the sequence a holder is asked to accept is: register during a 48-hour panic window, accept a price cut 40x below what you registered at, send your already-claimed BDAG to a buyback wallet, and wait four months for a payout, in BDUSD, the project's own untested "Beta" stablecoin. E K, 21:02 UTC, summarised the risk:
"So we're supposed to send tokens that we've already claimed to a wallet that can disappear at anytime and then by sometime in October/November, we will get USD sent back?" — Community member E K, June 3, 2026, 21:02 UTC.
What the community said
"You keep changing the terms, prices, timelines and conditions over and over again. First it was $0.01, then $0.005, then $0.001, and now suddenly $0.00025. From an investor perspective, this looks extremely unprofessional." — Community member Sebi, June 3, 2026, 20:55 UTC.
"Offer to buyback 25k for less than two grand after nearly 2 years, and have the stones to say send us your BDAG and you will receive payment in October. This is beyond crazy." — Community member J J, June 3, 2026, 21:24 UTC.
SeanP, 21:04 UTC, connected it to the stablecoin: "That's exactly what they want you to do, ties up your coins until at least November and then pay you for the buyback in BDUSD the worthless stable coins." Edward Hernandez, 20:59 UTC: "How is this buy back payment start October 1 2026, this is another broken promise."
The price ladder, in BlockDAG's own numbers
The "buyback price" over 18 days
- May 16: $0.001 (original floor, marketed for weeks)
- June 1: $0.01 registration tier (10x up, urgency framing)
- June 2: $0.02 "limited" tier, then $0.01, then "$0.005 next phase"
- June 3: $0.00025 on existing holders' dashboards (40x down from $0.01)
- June 3: $0.001 only for new Legacy Sale buyers at $0.00000044
A genuine buyback names one price and one date and honours both. BlockDAG's buyback has, in eighteen days, offered $0.001, $0.01, $0.02, $0.005 and $0.00025, with a payout date that moved from June 1 to October 1. The only constant is that you must keep buying to stay eligible.
What we are watching next
Five items. First: whether any holder documents a completed buyback with an on-chain transaction hash showing BDAG sent and real value received. Second: whether the October 1 payout date holds, given that every prior BlockDAG date has slipped. Third: whether holders who already sent BDAG to the buyback wallet can recover it if the payout does not arrive. Fourth: whether the $0.00025 tier is cut again before October. Fifth: whether the "Legacy Sale" at $0.00000044 is itself replaced by a tenth sale mechanism within days, as every prior "final" sale has been.
Our standing advice has not changed: a buyback that requires you to buy more, send your tokens away, accept a price cut after you commit, and wait four months for payment in an unaudited token is not a return of value. Document everything. Do not send tokens you cannot afford to lose.