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.
The first thing, they want to use money that they mobilize from investors to run and develope their project. When their project goes to more stable, and they want to keep the price and burn coins, they will buy their coins