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.
Of course every developer believed in their project even price is drop its because most of them are long term and the don't want to manipulate the market they want organic rise. I believed to buy back the token dump is not the priority. Sometimes the money they raise is alloted for marketing, exchanges and development of the project.
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