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, without buyback, the coin price will be hard to rise from the bottom.
Unless the project have a quick development and releasing products, there won't be any price recover from the dump.
Buyback also attract new investors because the price of the coin is rising.