Hello,
I have a question, don't you think that an accent on the buyback mechanism sounds 'scammy'?
You basically say "I don't think we could build a business that will support the price of the token on the initial level"
Sorry if that sounds aggressive, I'm not so good at my English.
Cheers
I have a question, don't you think that an accent on the buyback mechanism sounds 'scammy'?
You basically say "I don't think we could build a business that will support the price of the token on the initial level"
Sorry if that sounds aggressive, I'm not so good at my English.
Cheers
No problem.This is a good statement. And here is our answer.
No business can be successful right away. Business needs time to develop, market, capture the market, etc.
To support the cost of the token can 2 things:
- Underwriter
- Market Maker
This is a standard practice for stock exchanges and for IPOs.If the underwriter on classic exchanges did not have the mechanisms similar to ours, then no stock growth would be ensured.
For example, the task of a market maker is to create liquidity in creating buy and sell orders.
UPDATE:
The current situation with the various ICOs looks deplorable:
Projects collected money from investors. The majority of investors need a quick income (Exit Strategy Short) due to speculation deals with tokens.
Tokens after listing on stock exchanges are falling in price as there is no product, no news, no volotility.
Investors are upset and lose faith.
The projects did not think about liquidity at the beginning of the creation of the ICO and did not answer the main question: Why the token will grow in value as long as the project develops.
Regards
