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.
This is a very thoughtful question, from what I think is all developers believe in their projects except the ones that purposely come to scam people. There are some projects that really do buy back their Tokens with the Fund raised.