BUYBACK TOKENS SOLVES DUMPING - page 11.

mazdafunsun

full member

Activity: 490

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Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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?

Can you give details on what are the rules of those buyack programs?
Are they buying back unlimited amount from anyone?

In general projects are not willing to spend their funds for their token price sake. Especially bounty tokens. For some projects it could make sense if they have good amount of their tokens allocated to themselves.

ashmodeus

hero member

Activity: 1638

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Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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?

not for all actually ,
for example if the project have a huge bonus on sales period , they just buyback a shit .
and the prices still same as before.

silverleafy

sr. member

Activity: 538

Merit: 250

For a short time yes, but think about long term, they can´t buy back all tokens tha tthey sold.
But a good example that this strategy works is CounthingHouse.

lohladex

copper member

Activity: 266

Merit: 0

Buying back is a very healthy technique to keep project moving and growing .Its a pity not all Team adopt this strategy which often leads to the project becoming dead in the nearest future. Buying back techniques is very healthy for ICO or STO Projects.

Kemileye

member

Activity: 573

Merit: 11

Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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, buy back a very good mechanism to prevent dump of tokens at a ridiculous price. It really helps a project to have a moderate price on exchange because most buy backs are always at ICO price. I hope more project adopt this mechanism so that price of their token won't just dump anyhow on exchange.

bering

legendary

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Leading Crypto Sports Betting & Casino Platform

Buyback might be good idea but the question is how far people willing to support it because usually people not too excited to recovered the price from particular tokens and sometimes it could be useless or recover price will not last long if after that people starting to sold the tokens again or dominated by sell support

Kevlar

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🔰FERRUM NETWORK🔰

Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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?

Last year, the first project that began to buy back their tokens was Heronode - at that time it was something incredible that people didn’t believe and that is why the project, which had to go to minus on the stock exchange, was 50 percent more expensive! It was very cool. Now it can be seen quite often and it inspires confidence in the project!

Jhonyjon

member

Activity: 116

Merit: 12

I think the buyback is very important but it must also be considered in the state of the market itself. because it is the market that will determine the price up or down, because if only buybacks are held without a market strategy, the buyback will be in vain.

[btc]YSG

jr. member

Activity: 238

Merit: 3

Yes, you're correct implementing a buying back and burning tokens plan will help projects solve the problem of dumping but the challenge is that most of the funds projects get from their token sales these days are barely enough to sustain it to a beta stage or a finished product.

hongus

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Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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?

If the project makes a ransom, then you should not sell it. The fact is that maybe they will greatly grow up and such large projects will regret selling it. Tele is a good project. I am sure that those who tried to arrange a dump truck will regret it.

EdenHazard

legendary

Activity: 2674

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We can't rely on it, it is a useless thing. Can you imagine when you bought even for some people who agree with what you say but some people over there only wait the price is increasing and they will sell it, you will get nothing from it. The good project/token didn't need need these thing, but it will rely on the potential of the project itself. Investor will find it and they will think that the token price will increase when the alt season comes. To promote some tokens that you hold by yourself is not good idea, you have to find some interesting news about the token and shere it in this forum or in other social media.

krisnajsadrak

sr. member

Activity: 1092

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Hodlers Network

Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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?

this is great strategy from the project team to prevent the dumping actions from the bounty hunters
but, if the price still down and below the crowdsale price, thats mean the dumping actions is not coming from the bounty hunters buddy
because not all bounty hunters will sell their rewards earlier, few of them will hold their rewards if they believe to the project

sukoyomi

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Activity: 948

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Quote from: bttmember on July 12, 2019, 09:59:55 AM

Yeah it is awesome thing to save price to dump to the floor while providing an exitto people who need cash, i think every project should offer this option especially when they have raised decent funds then it should not be an issue for the project.

I will so aggree if every project use this option because not only does it make investors comfortable without worrying about losing, bounty hunters will also be happy because coins that they get are have price according to the raw price, so they also get results that are commensurate with the work.

iTradeChips

hero member

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Leading Crypto Sports Betting & Casino Platform

Having a buyback mechanism is really a good thing for companies to consider. Of course they could buy back in a way that it will not be a hustle for them financially specially if there are many bounty participants who want to avail of that buyback mechanism. Unfortunately not all bounty projects are like that so many tend to just hold their tokens or coins for a long time.

Rohtox

full member

Activity: 854

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BuyBack is good for Short Term
In my opinion it's just a bad strategy for the Long Term.
Develop the main product of project is actually better way to support the price and make it stable or even grow up (if it's not stable coin / token that backed-up with assets)

RockDJ

full member

Activity: 350

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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

nicecrypto

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i don't think it solve the problem of dumping, i have seen a project claiming to be carrying out buyback program yet price of tokens continue to go to the bottom, maybe because it was in a bear market period the buyback was carried out because at that moment it was not reflective on the price, i think buyback plus real product to create demand will affect price positively.

poodle63

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Leading Crypto Sports Betting & Casino Platform

Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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?

It looks like the buyback is not yet started and can you confirm about this? i watch the telegram group recently and it's still on the distribution phase.
Buyback is not always brought the price to the moon or prevent the dump of what is really needed was the liquidity to support the buyback program. It's not even enough to use buyback method without any buy support.

poornamelessme

hero member

Activity: 1204

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Quote from: joseyphil82 on July 12, 2019, 09:57:06 AM

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, it works for the stock market.

But it's not really a healthy way for a coin to maintain its health. Nor even possible for a lot of crypto projects; not every dev has enough to buy back their coins like that.

bttmember

member

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AMEPAY

Yeah it is awesome thing to save price to dump to the floor while providing an exitto people who need cash, i think every project should offer this option especially when they have raised decent funds then it should not be an issue for the project.

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