Buyback Radar

Contango TANGO

Revenue fadingRank#73in Low payout▼1Score0

Revenue −41% over 30 days. Also: holders revenue is paid out, not a buyback.

Derivatives, Ethereum, Base, Arbitrum +7, 193 days of data

Low payout: less than $100k to holders in 30 days, or payouts on fewer than 8 of the 30 days (for a token that pays in cycles of a week or longer: more than one of the payouts its cycle predicts missed); ranked within this group

Market cap

$1.7M

price $0.0037 · 7d −15.0% · 30d +65.7%

FDV $3.7M (2.2× market cap)

source defillama

Counted per year

$5k

holders revenue of the last 30 days, $861, × 365 ÷ 30, × type factor 0.5 (payouts count 50%)

Distributionbuyback share 100%

Pays out 0.6% of its market cap a year, using 100¢ of every $1 it earns.

Not a buyback: counts for 50% in the multiple (type factor 0.5), so the denominator is $5k instead of $10k.

Multiple

322×

peer median 21.4× (Derivatives, 7 tokens), against 322× here

Run-rate

294×

last 7 days $221 × 52 × 0.5 (type factor) = $6k a year

last week's payout in line with the 30-day pace

What we checked

  1. Valuation

    Multiple 322× (type factor 0.5: payouts count 50%), 15.1× more expensive than its Derivatives peers (median 21.4×, 7 tokens). On total revenue: 161×, 13.0× dearer than the revenue peer median.

  2. Distribution

    Distribution: Revenue is paid out to stakers or holders (often in another asset); no buy pressure on the token. Holders got $861 of $861 revenue in 30 days → buyback share 100%. DefiLlama: “Staking Rewards: 100% of trading fees distributed to token stakers”

  3. Sustainability

    Holders were paid on 26 of 30 days (87%); largest single day 46% of the month's holders revenue; paid to holders this week: 22% of the best week in 90 days (more than half below peak). Revenue −61% over 7 days and −41% over 30 days, price +66% 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

  • Payout >50% below peakthis week's holders revenue is 22% of its best week in the last 90 days ($1k)

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d)
$861 / $861
last 30 closed days
To holders
Pays out 0.6% of its market cap a year
FDV / dilution
$3.7M / 2.2×
FDV ÷ market cap
Price 7d / 30d
−15.0% / +65.7%
Revenue growth 7d / 30d
−61% / −41%
versus the period before
Divergence
0.00
revenue growth minus price growth, 30d
DEX liquidity
—
trades mainly on exchanges
24h volume
$7
all markets, CoinGecko
Unlocks 30d
$55k
DefiLlama vesting schedule
Revenue multiple
161×
market cap ÷ revenue per year
Fee multiple
161×
market cap ÷ fees per year
Distance to peak
22%
this week ÷ best week of 90 days
Data since
May 4
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)

Multiple over time

today 322× (scored) · peer median 21.4×

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

No signals for this token yet.

Versus peers

The peer group (category with at least 4 tokens, otherwise the merged group from settings, otherwise the whole universe) follows after the first compute run.

Score build-up0 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.

0of 100#73▼1top 97%
Valuation 0.0Momentum 0.0Divergence 0.0Quality 8.3penalties −30= -21.7
Valuation35%
0Valuation 0.0: HR half 0.0 (multiple 322.36×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 0.0 (revenue peer value 0.08×; 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 −0.939 + 0.3·(ln(day jump 0.00) clamped ±1.5 = −1.500) + 0.2·g30 −0.531 = −1.026; 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%
42Quality 41.6: mean of days HR>0 87% → 94.4 (0 at ≤30%, 100 at ≥90%), largest day 46% of HR30 → 30.5 (0 at ≥60%, 100 at ≤15%), distance to peak 0.22 → 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).
  • Penalty −15 (unlocks_above_hr30): unlocks next 30d $55k above HR30 $861.
  • Penalty −5 (dilution_above_2): dilution ratio 2.19 above 2.
  • Penalty −10 (low_liquidity): DEX liquidity unknown below $250k and 24h volume $7 below $1.00M.

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.

Penalties−30

−15Unlocks in the next 30 days above HR30unlocks next 30d $55k above HR30 $861
−5Dilution ratio above 2dilution ratio 2.19 above 2
−10Liquidity below $250k (dex) or 24h volume below $1M (cex)DEX liquidity unknown below $250k and 24h volume $7 below $1.00M

7 rules not applied, 3 wait for research data.

Where the numbers come from
Revenue source
1 active child
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 12, 2026
as-of date of the last compute run
On-chain verified
not yet
not checked yet
Protocols behind this token1 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.

  • Contango V2
    Derivatives · Ethereum, Base, Arbitrum, OP Mainnet, Scroll, Gnosis, Avalanche, Linea, Polygon, BSC
    type distribution · source label
    “Staking Rewards: 100% of trading fees distributed to token stakers”

    Holders revenue represents 100% of the trading fees which are distributed to stakers.

    Staking Rewards
    100% of trading fees distributed to token stakers
    adapter on GitHub ↗