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.
well some ico do did that a buy back program but there is no reasons to do that and i believe its would be manipilative to buy token from market and annouce it to the community. So mostly i think good ico would not do that even though they want to buy it they will do it without people have to know and maybe by their own money not from the money they fund.