Good day! What is going to happen to the tokens they wont be able sell?
To ensure the value of the token, we have several things planned, including a tokenburn:
We have a whole section in the WP explaining that because that is a reasonable question indeed
Long term value for those tokens starts at utility and their price also relies on supply and demand. In order to manage supply, help reduce volatility and enable persons who need UBC to obtain them, Ubcoin has created a five-pronged approach:
1) The creation of a Reserve Pool, as described in previous section, ensuring that no new tokens may enter into circulation at prices lower than those paid during Token Sale.
2) We intend that holders of Ubcoin tokens will be offered discounts on fees based on their overall UBC holdings. The more UBC they own, the higher the discount will be. This will likely incentivize clients to buy and hold UBC, further reducing the available supply.
3) Reasonable vesting and anti-dumping prevention mechanisms, as set in previous section.
4) The creation of a Token Buyback Program, funded with up to 10% of Ubcoins’s net operating profits annually.
5) The creation of Burn Program, which will methodically reduce supply the more successful the business becomes.
