The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
Indeed, the buyback system is very beneficial for bounty hunters and for investors. Because they can resell the coin at the ICO standard price. But this is rarely done by the project developer, considering this will harm the developer. So they must risk their assets in exchange.