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https://blog.digipulse.io/digipulse-foundations-decision-on-token-management-b07f3a150a28
The team is reducing the total token supply from 20million tokens to 5 million tokens in a burning event that will happen on April 30th. About 11m tokens were not sold during the ICO and were frozen in a smart contract to be release in April. Also as per the team's whitepaper, the teams allocation of token's is set at 25%. In order to stay aligned with their 25% holdings, the team will burn the unsold tokens and additional amounts held by the foundation to match the new supply of tokens. The 1.4m tokens in circulation held by the community will remain the same. The teams token will decrease and the total supply will decrease from 20m to roughly 5m.
The team is reducing the total token supply from 20million tokens to 5 million tokens in a burning event that will happen on April 30th. About 11m tokens were not sold during the ICO and were frozen in a smart contract to be release in April. Also as per the team's whitepaper, the teams allocation of token's is set at 25%. In order to stay aligned with their 25% holdings, the team will burn the unsold tokens and additional amounts held by the foundation to match the new supply of tokens. The 1.4m tokens in circulation held by the community will remain the same. The teams token will decrease and the total supply will decrease from 20m to roughly 5m.
Oh wow! I didn't realize $DGPT was going to burn THAT many tokens. That's great! I could see that driving up the price per token thru the roof
