Hi guys,
I was wondering : if you do an ICO for a coin and sell n coins, each of it for a price x. Then you get listed on an unique exchange and you use 100% of the funds collected during the ICO to put a huge buy wall of n coins at the price x. So every investor can get his money back if he wants and there is a 0% risk. It could attract far more people. Question is, what are you gains in this operation ? Well you could buy yourself on your ICO so you would get a part of your own coin and then sell it for more because the price of your coin cannot be less than x due to the huge buy wall.
What are your thoughts about that ?
What is the point of making an ICO?
1. Gathering founds to found a project
2. Gathering founds to buy back tokens.
What do you think? Any project that starts buying its tokens back shows that they are not really serious with their project.