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?
It is good, but need really research from the developer itself. Because when buy back, people who bought in the lowest price usually take action too and they make sell wall because they think they already get profit. It can be barrier for price to pumped. For me, coins or tokens that already dumped really hard to increased again.