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?
Only few projects i knew had done this one, and i personally believe that this helps in the price movements, yes its a good idea to have a buy back, this prevents from price going down, so far its a good mechanism for a project to have a buy back