Am wondering, if all these altcoins developers that did ICO and raised millions of dollars If they truly believe in their project. If actually they believe in their tokens, why can't they be using part of the ICO money to be buying the tokens back from those who are selling or dumping at very cheap prices??
Atleast they know the amount that's in circulation since they are the one that distributed it.
Am just curious to know.
I have thought about that before but majority of them doesn't believe in their project, they are in there for the sake of the money, it's just a very few project that believe in their project, if ask a project team to buy back their tokens in their telegram group, they won't comment on that.