Topic: BUYBACK TOKENS SOLVES DUMPING (Read 9823 times)
I don’t think that projects should artificially keep the price. This is not effective now. Until top altcoins begin to grow, it makes no sense to pump other altcoins.
I understand why there is a misconception that buyback of tokens is a solution to dumping and while that's often effective, most projects that are capable of offering investors and bounty hunters the buyback option are good projects which the investors will likely want to hold onto the token.
All in all i believe the best to solve the problem of dumping is creating a good project that people will want to buy into. It doesn't make sense to host a token sale only to buy back all the tokens from the investors.
All in all i believe the best to solve the problem of dumping is creating a good project that people will want to buy into. It doesn't make sense to host a token sale only to buy back all the tokens from the investors.
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?
Another great idea would be to pay bounty hunters with hard currencies like Ethereum or Bitcoin. And they would not have to sell their tokens received as a reward at any price.
But buyback program is not working on some projects. For example, Bob's repair has buyback program each week since a year ago but the price keeps dumping and dumping.
the buy back program should also have its own strategy. if the Buy back is not correct then it will not work. This is really good decision for a new projects to run a buyback. It helps to keep the price on position and it proof the investors that team members interested and believe in own project.
This mechanism of buying back seems to help the price of the token to be maintained at a relative level, it will not fall too sharply when investors and whales dump it but this strategy is only effective in the short term, when the capital of the project runs out, the price will continue to decrease. Instead of using a method that was only effective for such a short time, I think the project should try to develop the product, promote the project introduction process, then try to cooperate with many big exchanges, it will help the price of the token soon return and break out, very good for the long term
for short of time it will solve but for long term whenever the buyback program end the price will be suffer again for sure. Slow but sure because whenever price go down and create support level trader who wants to buy will try to reach that price again even lower so they will get a good amount of token
Buyback goes a long way to stabilise coin prices. Big platforms always employ this method to restire asset value. Usually they buy back and burn to prevent it ever going into circulation again. Generally, any platform with this mechanism like Binance is more attractive to investors than the rest
If possibly you are speaking from a short-term I will agree but if not then a worst case for any project. This may be seen as a workable tool for place like forex but if employ to cryptocurrency on a long-term will be disaster, only on short-term will be effective. Binance are more caution than we think or thought.
This is an awesome idea and a lot of project should follow it, but there are cases as well, when people are just too greedy to do a buyback. In my opinion, such ICO will not even have a chance to succeed, when they do not want to buyback their own tokens.
But buyback program is not working on some projects. For example, Bob's repair has buyback program each week since a year ago but the price keeps dumping and dumping.
This is really good decision for a new projects to run a buyback. It helps to keep the price on position and it proof the investors that team members interested and believe in own project.
indeed buyback scheme is verygood for the project so that the community doubts will be gone and stop fudding which it not good for the project
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?
Yes, I like project with the buyback rogram, it shows that they are really serious about their project, unlike other money grab project who usually dump their token once it get listed
I agree that buyback programs can have a great impact on tokens' price. However, there are some other very efficient ways to protect the price:
- temporary lock the tokens sold with high discounts / bounty hunters
- tokens burn => this will decrease the total supply and indirectly increase the price.
- temporary lock the tokens sold with high discounts / bounty hunters
- tokens burn => this will decrease the total supply and indirectly increase the price.
yes for me it is a good solution when a token got dumped way too hard. Because it can make the price go higher again and at the same time, the company gets back their token at a lower price than people who bought it from their ico.
if the type of promotion that you can make money with your personal expectations also other people who also want to hope both in dumper about foken that you may currently be working right.
It depends. If the team burns the tokens they earned or bought back on a regular basis (like BNB), then we should expect to see positive price movements. But if they plan to dump the tokens they bought back in the future, the buyback cannot solve anything.
That is the negative aspect of it, if team decides to dump the tokens in the near future. However, the strategy of buying back tokens in a good one to encourage holding of the tokens and to also attract investors to the scene especially when it is coupled with the staking rewards. 
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?
Well , buyback is quite a good thing for investors, that's true. But how is it going in Miracle Tele by the way? What are the news there? Heard something went wrong lately.
Buyback is a good strategy which helps to hold price of token. Miracle tele used this strategy and they are have a good results.A lot of people decide to hold their tokens for the reason of company decision.
Some buyback from project developers are bad idea because it wasnt planned very well and some projects buyback is nothing different from bounty hunters dumping on exchanges because they buyback at ridiculous price.
I don't think that buy back might be a bad idea, although it depends on the volume of buyback that the team intend to buy, if the money for buy back is huge, there's gonna be FOMO from investors, and the buy back money will also drive the price up I agree that buy back has a positive effect on the market. Maybe the price will not go directly up to the highest price, but the buy back program will increase the transaction volume. Investors will trust the developer team more because they are committed to protecting the interests of investors
Buying back tokens is only achievable if the project is a successful one and all funds needed are intact,either raised through ICO or IEO,but many projects are not capable because of funds or ICO/IEO cap not reached successfully,buyback is really a good way to prevent dumps and keep token price at a good price
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