Topic: BUYBACK TOKENS SOLVES DUMPING - page 9. (Read 9834 times)
Depending of the volume of the coin is a good or a bad idea, plus could let to some people to sell off before the team buys, drop the price and then buy again. Also if the volume in general is low the team could end up controlling a really high % of the circulating supply. Maybe investing in market making and having some sort of burn mechanism would be a better idea if what you want is a non-inflationary supply.
That's true, buy back policy is great and curbs massive dump. Some projects which did it helped stabilize their coin prices. I remember seeing a buy wall of 2000 ETH for a token I wanted to dump on IDEX, and when I made enquiry from the project's telegram group, team was buying back. It made me hold my tokens then later set a higher sell order, which was picked eventually.
if the development team is serious on that project then the buyback program is good enough to keep the coin price healthy.. but there are dev team out there telling there community about buyback program but in the end they want to pump the price and their are the one dumping their own coin
A pretty good strategy to make investors who join not disappointed, I was happy to hear that when a project made a buy back strategy. Indirectly, their team is really serious in managing the project for the future.
It can be good but a team should continue to work and to improve their services, if there's a buy back then something is not good on that coin maybe they are afraid for the bounty hunters to sell it for a less. Investors invest on a good project even if there's no buy back, I guess if its IEO then it would be hard to buy back the token which is already listed on the exchange and anyone who owns the token can start trading it. 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 seems that buy back must be applied to several projects but it usually does not affect the price, you should not buy again because what you need is liquidity and real products to increase demand
Unfortunately not all projects do this to avoid a dump. But we cannot force all projects to buy back. I am also very happy with the MIRACLETELE project that has made a buyback. But unfortunately I have already sold my tokens on the forkdelta, because they did not discuss the buyback at the beginning.
Buy back is good but it does not necessarily solve dumping. It will only help stabilize the token price for a while but in a situation where all holders are planning on dumping their coin, do you really think the devs will be capable of buying all back?
From the projects I have seen which did this, it really helped the project to gain more traders or users as the case many be. Also, this act of buying back shows that the project really raised funds or have the funds to keep the project running while keeping their token price moderate.. Most projects find it hard doing this, but will be quick to channel blames when the price falls terribly.
Buyback mechanism should present in any iCO,IEO,STO because it will help a lot to stabilized the coin/token price. But most of the projects today doesnt have a buyback plan. For me that was not innovative in the sense of letting its own token to be worthless in the name of saving the funds for the development of the platform. and the other is hiding in a legal allibis that they couldnt do a buyback since they are a security token.
buying back tokens is a brilliant idea what do you guys think?
Buying back token is a good idea if the token has a good project so we can get it the token at a low price. The token will increase higher and perhaps, and it will reach more than the ico price if the support from the developer is good, and they have a good project. While we already have the token and we sell when it's launch in the market, we have a chance to buy back the token at a low price and hold it for some time. So when the price can increase higher in the future, we will make a big profit again. The strategy to buy back the token will only work if the token could prove that they deserve to be the good coin in the future.
Yes it does, at least the projects that has done it were able to maintain a reasonable price for a long while. Also, most projects adds buyback to their roadmap to attract investors while at the long run not doing it. In my own opinion, if buyback is adequately carried out by the team it will help to regulate the price of their token which is good and will make the project get the needed attention.
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.
Buying back tokens is a very good way to control value lose in tokens when they get listed on exchange, since many tokens lose value when bounty hunters dump on exchange this corrects the problem entirely but unfortunately not a projects are capable of buying back their own tokens ,only successful projects who raised hardcap funds are capable
I disagree, usually buyback programmes buy tokens nearly the dumped price. And release them after the price recovery so that’s a winwin situation.
True,I'm aware that miracletele is buying back tokens from bounty hunters and whales but the fact is they are able to do so because they are successful ,telecom companies generate good incomes everyday as far as more people are using their sim cards
Retaining coins and always seeing the altcoin prices that we hold in crypto exchanges will always keep us up to date, but waiting for repurchases by the team is very tiring, you have to be patient and see the altcoins you hold have almost no price when a dump occurs.
A pretty good strategy to make investors who join not disappointed, I was happy to hear that when a project made a buy back strategy. Indirectly, their team is really serious in managing the project for the future.
very little we can get a project like that, it is a very good idea, because price dumpers always occur due to bounty hunters, they take that action as a form of their love for their project, and they are willing to spend their funds to overcome it, very rarely projects that want to be like that, I don't know what they think not to buy back the token, even though it is the right solution to fix.
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?
I think that is indeed a good marketing strategy to keep prices from being dumped. Both parties, between investors and developers, will benefit, so the growth of prices in the market can be controlled. This will be even better if supported by a comprehensive media strategy.
it's hard to really be worth dumping your bounty token because your income is much bigger so it's better if you get your bounty tokens hold it down until it dumps its price and then sells so your profits.
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