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.
Legit ICOS were developed to create a function in a certain projects,yes they positively believe in their projects that is why they're hiring bounty hunters to promote their projects to earn funds for their upcoming plans to improve their creation to be functional as soon as it comes out in the market.
I think the circulation of token on its investor is what ICOS were aiming,the demand is very important in a coin inorder to grow its value..and its not the best option that they will buy their own products inorder to earn demands,how will they know if they successfully done it if they will buy their own tokens,how will they know if their projects earned adoption from other investors.
Just an opinion mate.