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?
Well, it works for the stock market.
But it's not really a healthy way for a coin to maintain its health. Nor even possible for a lot of crypto projects; not every dev has enough to buy back their coins like that.
And that is the exact reason why they should always allocate a decent amount of token for bounty hunters and not to just think they can deceive bounty hunter by allocating huge amount of token that they can not afford to pay or buy back. besides, this might not solve issue of dumping because many of them usually give huge discounts to investors that also dump the token. XCT token is an example. despite the fact that the bounty hunters is locked, the token is getting dumped. poor exchange platform is also one of the factor.