Author

Topic: Why ICOs after IPO do that?? (Read 89 times)

hero member
Activity: 1134
Merit: 502
January 13, 2018, 11:39:10 AM
#2
This is called "buyback" and it is used not only in crypto. They will buy back the tokens on the exchange, destroy them and the total token supply will be lowered. Logically it should show a steady price increase for all token holders.
newbie
Activity: 42
Merit: 0
January 13, 2018, 11:09:22 AM
#1
"80% of Genie Profits will be used to buy tokens back at market price and then burned."
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