Nice work dev!
With this buy back of PAS, will you be doing this once a month or something like that? I know it won't be all the time as the price will eventually start to rise which may make it harder to buy back PAS. I'm not sure why people are dumping their PAS at this stage as PAS has a long way to go and we are starting to see the potential this token has to offer as the weeks go by. The backing fund has taken a little hit but all the coins/tokens in the fund are great long term projects so I expect them to all do well in the long term.
Thank you Vella85 and arghabd for your good words.
Well, Passive Coin is not a security. We cannot promise any buy-backs.
.... but, when there is dump or sell-off activity, our project's buy orders are executed and this way we can do some buy-backs easy and cheap way. Soon, I will set-up special inner page at passivecoin.org to show up summary and list all previous buy-backs.
If there will be any profits from growing backing fund, I will use some to do unexpected buy-backs. (at least once in a month).
I think buy-backs (especially for low supply coin) is a great way to boost PAS value long-term, despite short- or medium- dips.
People are impatience nowadays. When e.g. Litecoin was around $4 or lower for years, no one complained. LoL
But, the bullish crypto-markets from last year, has incresed crypto-traders demand for quick profits. Now, they expect swift swings on the markets and looking for quick profits. New times has arrived!
Passive Coin is long-term project, so weak and impatience hands will sell-off. Good, I will buy a lot of coins back, cheap way.
Cheers!
