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?
Of course its cause big positive effect on coin price, but buy back is actually a expensive way of spending marketing budget and only few projects can handle it. Exchange marketmaking is looks similar for me, but without a load announciation in way liks "we buy back million of tokens..". I know PDATA project, they announced buy back event with $5000 budget, lol 