What does your token actually do? Why do you need Blockchain technology instead of just a credit system?
A native token is needed so that the community that helps the platform grow can benefit from its success. Different mechanisms will be implemented in the platform to ensure this goal. From one side, the freelancers receive a part of the platform fees that they help generate; this is unprecedented and creates additional incentive to work on unitalent. On the other side, the demand for the TAT token increases with the platform’s growth, since clients pay the platform fees directly or indirectly with TAT tokens. This demand increases the TAT value, hence rewarding the token holders and contributors to the platform.
Regarding our token velocity, the TAT cycle is defined in a way to actively and passively reduce the sell pressure, and therefore reduce the token velocity, causing price appreciation (TAT- TAlent Token, is the name of our native token). One such measure is the fact that the fees that are collected create a buy pressure on the TAT, while there is no immediate sell pressure following that. Since the majority share of the collected fees goes to the unitalent platform, unitalent decides when and how to sell them back to the market. There is no necessity to sell them back immediately or in whole. While part of it needs to cover fiat expenses of the platform, another part could go to company reserves or used for promotion purposes within the platform, hence reducing the token velocity and appreciate the price. The share of the fees that goes to the freelancer and the referrer is up to them to decide what to do with it. As a platform it is our duty to provide them with services on the platform where they can sensibly spend TAT. Presence of such services will cause the users to keep and use the tokens on the platform, hence further reducing token velocity and appreciating price. Hope this helps. Let us know if you have further questions.
Check out our landing page: http://bit.ly/2NCAAFK
Or get on our whitelist: http://bit.ly/2LQ75QE