How Can a Company Use a Token Buyback Program to Support Utility without Implying a Security?

The company can use a portion of its operational revenue to buy back tokens from the open market, but only for the purpose of using them within the ecosystem (e.g. for staking rewards, governance incentives, or burning). The key is to clearly communicate that the buyback is for operational utility, not for financial support or to guarantee a price floor for investors.

A buyback solely to support the price would imply an investment contract.