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mazdafunsun
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July 12, 2019, 08:08:20 PM |
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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?
Can you give details on what are the rules of those buyack programs? Are they buying back unlimited amount from anyone? In general projects are not willing to spend their funds for their token price sake. Especially bounty tokens. For some projects it could make sense if they have good amount of their tokens allocated to themselves. |
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cytpoway121
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July 12, 2019, 08:20:31 PM |
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The buyback tokens mechanism is a temporary solution to ease or stop the incessant dumping of a particular token
It doesn’t necessarily aid the project, but it improves the buy order, increases the price of the token as well as the daily volume, while also giving investors the chance to sell at good price
But it could also be a trap, depends on your research capabilities
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Mianae
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July 12, 2019, 09:42:03 PM |
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Another strategy to avoid dump is utility creation. Buybacks are great in sustaining price utility keeps the price surging.
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Jrfranco
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July 12, 2019, 10:21:13 PM |
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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 |
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Lan75
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July 12, 2019, 10:32:32 PM |
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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?
We can't really stop anyone from dumping their tokens as it is theirs but if that tokens represent a really good project then i think there is no need for the team to buyback as it will automatically be patronized by the community as they will recognized and support legit and good projects. |
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creeps
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July 12, 2019, 10:36:09 PM |
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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?
That’s a good idea to prevent the price to fall, but i believe if the project is not good even if they back buck the token the price will still fall since its not a good coin to buy for. I didn’t encounter any project like this before since they are all useless coin now but maybe if I participate again, I’m willing to sell my coin to the developer, its a good profit on the side of hunters. |
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sandra_x
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July 12, 2019, 10:39:46 PM |
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Token buyback program does help the project, it is only sustainable when the project itself has some reasonable community supporting it, otherwise, dumpers just dump it and move on to the next project. It may also be very helpful to especially at the onset when those who got the token cheaply are likely to dump them. It can be a wise thing to do sometimes. Shivom OMX was a great project, raised about 42 mil $ in ICO but the team completely ignored the price, the community member were not even allowed to discuss the price. The result was investors dumping the tokens
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Kiefner
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July 12, 2019, 11:05:43 PM |
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I agree with you, too. This is a great idea to avoid dumping the price. But it happens that the project simply does not have the funds to maintain the price of the token in a normal state and many do not even bother about it.
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Eildosa
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July 12, 2019, 11:12:32 PM |
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It is very good when the team understands this and does everything to make their project to be successful. This indicates the serious intentions of the team. Coins of such project should be hodl, I consider.
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Pet240
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July 12, 2019, 11:17:04 PM |
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There were some projects in the past that lied about buyback in order to pump their coins. I know the strategy works, but before you can hold unto the word of the team for such strategy, they have to be trustable. Then if the project has not done adequate marketing, i do not think it will work, because such should also attract investors to it.
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NewRanger
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July 12, 2019, 11:20:19 PM |
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There were some projects in the past that lied about buyback in order to pump their coins. I know the strategy works, but before you can hold unto the word of the team for such strategy, they have to be trustable. Then if the project has not done adequate marketing, i do not think it will work, because such should also attract investors to it.
only few projects that realized buy back to their tokens.mostly it just lip services in order to market demand rise.actually if they realized it , developers team will have alot benefits, market will trust to them and ofcourse it will bring positive impact to their developtment in future. |
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Bitcoinjheta
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July 12, 2019, 11:40:25 PM |
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Buying back is a very healthy technique to keep project moving and growing .Its a pity not all Team adopt this strategy which often leads to the project becoming dead in the nearest future. Buying back techniques is very healthy for ICO or STO Projects.
i do not considered ICO projects as good coin for buying back because most of ICO's are dumping and some of them failed to recover back in the market. |
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Flezy
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July 12, 2019, 11:55:09 PM |
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To be sincere it takes a good team who wants the best for their platform to initiate something like buyback. Others will come up with excuse to backup the dumping nature of their coin while others will look for ways to limit the dumping, so it all comes down to what the team wants to achieve.
Also, buyback mechanism has helped a lot of projects to maintain their price over a long period of time; have seen a handful that has done it.
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aioc
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July 13, 2019, 12:02:44 AM |
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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 really is and the project that does this, are those projects that are for a long term and legit, some projects do not want to do this and in fact, doing the opposite by dumping their own shares we should support those coins that have a buy back mechanism in their roadmap. |
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tabas
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July 13, 2019, 12:17:12 AM |
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buying back tokens is a brilliant idea what do you guys think?
It's a brilliant idea to take more investors because it's making hype for the coin. The first buyback that I've heard is with TRX last month but I'm not updated with the progress of it and I think this will be the new craze for this time just to continue the market motion for such coins. |
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bittraffic
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July 13, 2019, 12:25:29 AM |
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There is also one project right now that is doing the buy back mechanism like the EOSBET project. Its related to gambling. The project has been distributing dividends to its token holders so that I think is going to make this project one of a kind. The only thing that is solve here though is the number of holders that is going to dump. Lesser dumpers but same volume of tokens being dumped. I'm pretty sure most of the holders are going to dump including the team that has bought back.  |
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chocopapaya
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July 13, 2019, 01:44:37 AM |
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I guess, for the ones that just want to move on, it's good for them.
But I wonder if that will help the tokenomics cycle in the future.
Coins need organic growth, natural buy sell orders and volume or else a big buyoff will result in tons of inactivity for a long time.
That long period of inactivity in trading can permanently kill the value of the coin.
It kind of seems like a temporary solution that might make things worse in the long run.
I guess, the real problem is, the entire ico/ieo fundraising model should be looked at because it just isn't very legitimate anymore.
But, who knows, maybe in another crazy bull run things will go back to what they were before?
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tenebriscaelum
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July 13, 2019, 02:05:54 AM |
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Buyback programs of tokens to avoid the dump is just a short term solution for a token. As long as the project / token does not have any interest in the investors mind or it does not have any demand in the market or the niche it represent then in the long run the token will just dump again. I would be better if project focus on what they can deliver in the market a have investors in their project.
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Nunoluck
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July 13, 2019, 02:10:59 AM |
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Buyback tokens is not bad idea, the developer try to prevent the falling price of token. It is also the simple way to improve financial statement because it can make the project look more attractive to investors. Most of investors prefer like to invest in cryptocurrency which has positive price trends.
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fortunecrypto
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thecryptocurrency.directory
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July 13, 2019, 03:22:34 AM |
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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?
Investors and bounty hunters should support tokens with buyback mechanism in their roadmap, it guarantees that the price will not fall back and there will always volume, but developers are too greedy to do this, they want all the funds accumulated in their coffer. |
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