Re: Can a team control the price of their own coin for growth??
Everything is possible in my opinion. They can create their own hype to pump the prices of their own coin so that everyone takes an interest and invest too because let's be honest that not all do their own research regarding the project and just invests without knowing about the background. After the pump there will be eventually a dump so its not really a good technique to apply on a certain project. Might as well think of a good marketing plan to keep the coin's price stable.
Well, if done correctly the dump shouldn't be too hard. They could even save some to create sell walls or something (I just asked on the dev) Plus the fact that destroying the bought tokens could make holders hold more? Not sure on that one. Would def like to see this project make the market so we can see how it works haha
Just one last thing: can anyone with a solid grasp of economics explain if there is a limit for this buying back and destroying tokens? How would it work long term? Would people not want to sell? It's a bit mind boggling for me.