Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][TOKEN] XYO - Decentralized Crypto-Location Oracle Network. Sale 20.03
by
miningguru
on 29/06/2018, 14:57:31 UTC
Quote from: ImTree on June 29, 2018, 12:27:59 PM
Quote from: eprocent on June 29, 2018, 12:53:46 AM
Quote from: MonsterV on June 28, 2018, 07:02:01 PM
Quote from: bertak on June 28, 2018, 06:13:51 PM
I'm very much surprised! Bounty participants sell their tokens, but the price does not fall. Someone buys cheap tokens and maintains the price.

Based on my monitoring some addresses continue to collect XYO tokens in their wallets one of them this address https://etherscan.io/address/0x752ceE21AA00Bd07FbaB72Ab385e6382dF03aEEE#tokentxns
continue to buy from 2 months ago to last 19 hours total collects 12.5M XYO tokens.

From my point of view there are at least two possibilities. Or is it someone from the XYO team who does not want the market to fall too low, or is someone who believes in the project and accumulates for when the price and liquidity will grow. Good luck!
I think that's what the XYO team is doing. This way they solve 2 problems - support the price of the token and reduce the number of tokens in circulation.

The only way they can reduce the numbers of the token is to burn the coins from the market by buy back but they didn't mention anything about the buybacks. With the developments they are doing surely the price of the coin will increase in future.