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December 16, 2018, 09:34:51 PM |
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I Just read a draft whitepaper that will be going online in the future but something caught my attention and I thought I would get other peoples opinions.
It says that they will hold unsold tokens as a reserve for 12 Months after ICO then burn them the entire reserve.
They will burn the coins at a daily rate that is double the selling volume on exchanges?
So for example if when it gets listed on an exchange 5,000,000 tokens were dumped they will burn 10,000,000 tokens.
I assume this is in an attempt to keep the price stable but surely that wouldn't work, would it?
Thoughts and comments appreciated.
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