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'm also interested in it. Perhaps, the money collected in the ICO are planned for other costs, there's no free money + when a coin falls in price, the ETH price also falls, and there're no funds even for the promotion in the community and listings on exchanges, not to mention purchasing coins back. Only Binance does this just because they can!