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 would be a good option for the project devs to consider. Anyways, it's always up to them whether they do this strategy or not. Buy back bounties, will lower the price drop when initiated by the project owners before hitting exchange.