Hey guys!
Sigwo wrote:
https://blog.darcr.us/1st-buyback-and-burn-94b518735d19
If 12 January is the 1st buyback day then today (06 February) is the 26th day. So next buyback will be within 4 days??
I think you misread the information.
Sigwo has done one buy back for mining profits as promised due to the extra time of the second held ICO. Also he has done a buy back for the sold mining rigs etc.
The following buy backs are coming from his profits. 10% of the total profits of his company. Because he has no paying clients, he is in developing stage, he wont do buy backs.
So when the product is ready and he gets paying customers, then we can see the monthly buy backs.
With this monthly buy backs in the coming months, will this help the price to increase? This project provide an interesting concept. If timeline will be met accordingly, the price of DAR would inflate that will provide income for its investors.
The buy backs could help the price increase. What happens is sigwo buys darcrus from the sell side off the market and burns those tokens. So the total supply decreases and the price rises because of the buys.
Thanks for the answer man. Props to Sigwo in doing everything he can for this project. I will not be surprised if the price of this coin increase after few weeks/months because the team is doing a good job in delivering what they promised.
