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 wants the project they make to be successful and useful for many people, they also don't want that the project will be a failure and a scam. every development wants to have an advantage, and maybe because they are too chasing profits so they override the others.