Instead of buying back, they burn tokens every month. This should help to increase the price, but it only helps to save it from going down. Maybe they should burn more tokens monthly. 50-60k dollars worth burn isnt enough. Probably. I dont know. Anyway, it does not look that BFG token get any real price growth, instead of correcting to current Bitcoin price. Maybe it will be smart to readjust account levelling, cashback and rake back to amount BFG user hold (the more you hold, the more % you get), but it seems it is too late to do that.
If we don't count the tokens that are burned because they are lost in gambling (which are provided by users themselves), they are just burning tokens from their own treasury (which they misleadingly call buyback bwt). Those tokens were never going to be on the free market, so "buying" them and burning them is not creating support .
So that's not in any way contributing to price. What it's technically contributing to is to rising marketcap, and with that meter i see misleading, because marketcap is traditionally counted only with circulating tokens, and those tokens weren't planned to be in real circulation anyway and burning then is a charade. They aren't even using their profits to buy back anything.