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?
I believe that projects should allocate at least 20% of their funds to buy back and use the token that they bought for the team's future profit and development of the platform, but of course, it could happen, if they have limited tokens in their hands, like they burned their unsold tokens, or they locked the developers token, or all tokens are sold out.