The main objective of the buyback and burn program (BB&B) is to support the price of IVO tokens on the secondary markets for all token holders who wish to sell ahead of time. INVAO will therefore buy in periods with lower market prices, which may also be influenced by external conditions.
Once the budget for BB&B has been determined by the auditors, INVAO is required to use this budget to repurchase and destroy IVO tokens from the secondary markets before the end of the current year. So there is always a window of one year to complete the BB&B from the previous year's profit. The buyback price is determined by the open market value.