Another scam on board with 14 out of 15 token ratio held by the team!
14/15 OF THE TOKENS NOT IN CIRCULATION.
63M IN CIRCULATION OUT OF 963M.
DO YOU UNDERSTAND HOW MUCH IS THAT?
Well, let me explain it to you more clearly.
It's almost ALL OF THE TOKENS.
The next Ripple scam. Congratulations!
This is the most common criticism I see of this project. People really need to do their research a little better. Especially before calling projects a scam; it essentially amounts to I DIDNT LOOK INTO THIS AT ALL BUT LOOK AT THIS SUPERFICIALLY SCARY THING.
I'll be generous though.
.3B tokens were available in the token sale they actually ended up burning .236 (not exact amounts) hence the 63 mil in circulating supply i.e. Tradeable
.42B tokens are allocated to a user growth fund. These are earned by contributing to the quality of the ecosystem. These can only be used within the DOVU ecosystem for value added services. Unused user growth fund tokens get returned after 6 months to be used for new users. In other words these won't be traded on exchanges they'll be used in the ecosystem that DOVU creates
.18B for team building. These are vested in six month installments. These could be exchanged and added to the circulating supply.
.3B are reserved/locked down for two years
1.5 mil for the bounty
So the team has 3x the circulating supply but divided up into 4 installments so that should be a pretty gradual introduction into circulation. Not to mention with everything the team is accomplishing it's highly unlikely they devalue their own token by dumping
And a little under 5x after two years. Based on their very aggressive road map DOVU is going to be rocking by then. Will it cause some inflation and FUD? Yes but I don't think that will impact anything in the next 18 months, and even then this is one of the most professional teams I've ever seen. They aren't hyping and pumping, they are delivering solid content about their project, nailing milestones (BMW pilots and probably many more in the coming months), and for them to build all that then destroy their token but market selling .3B is highly unlikely. They'll get what they've earned and enjoy the rest as they continue to grow. That's just my opinion after looking into this for a few months I could be wrong, but that's my wager
Source
https://dovu.io/whitepaper.pdfRoadmap is in there too.
The team really hasn't gotten the credit they deserve for what they're doing at the moment. Luckily that means very cheap tokens for anyone that agrees.