QUOTE(acute_flash @ Jan 29 2023, 03:59 AM)
I asked the same question before to my Upline as to why TFXI is not using the 10 million USD daily quota to buy back the TFX token, and the said:”oh because TFXI doesn’t want people to game the system, otherwise people may buy at market price and sell at 1usd back to TFXI.”
I am a slow thinker and not very good at counter back people.
But on hindsight now, this explanation doesn’t actually make much sense. Silly me still trust him that time and continue put my money with TFXI for another month.
First off, you're talking about pushing the coins price up from the market. He answer you on the 1 to 1 buy back. Totally unrelated.
Second of all, the 1 to 1 buy back is used to stabilize the price of tfx coin. It is indeed used for people to game the system so the price won't fall further.
I realize the IB sometimes don't even know what they're talking about. I take my friend case as example, when asked why tfxi didn't get a license here in Malaysia. He said that the government doesn't allow because the profit from TFXI will kill the banking industry in malaysia.
When asked why tfxi didn't get a better license, he answered that tfxi can only provide high return from getting a cheap ass license from Seychelles.
I can only look at him blankly, not sure if I wanted to proceed with such low B answers.