Luxcess will use a percentage of the profits made to buy back tokens from exchange and consequently burn them "buy back and burn"
This is one common technique most project devs use to increase the market value of their price. It seem to really work wonders. But my confusion is why not just provide the needed amount instead of making excess to burn off??
I believe providing large amount of token is to provide wide market adoption of the token so that a large base of people gets to have it and burning is to take back in my terms from those who do not support the project or in general terms 'weak hands' hope I made some points?