No continuous burn system or buy back token system implemented?
Creator of this token is a legendary member on this forum, i think he is aware of how important this is.
Burning tokens is not a good idea you will most likely be considered a security instead of a Utility token. You can burn unsold tokens though, just not on regular basis.
Same count for a buy back program most likely cause it gives people Expectations of Profit.
We're a utility token and we focus on main adoption that will drive the price, every extra additional rewards need to be reviewed really well and discussed with our lawyers.
I haven't thought about this. After the SEC started to crack down on ICOs lately that sold unregistered security tokens, it's very important that your tokens won't be considered as securities.
We totally agree, we dont want to be a security just a great utility that actually got utility.
No continuous burn system or buy back token system implemented?
Creator of this token is a legendary member on this forum, i think he is aware of how important this is.
Burning tokens is not a good idea you will most likely be considered a security instead of a Utility token. You can burn unsold tokens though, just not on regular basis.
Same count for a buy back program most likely cause it gives people Expectations of Profit.
We're a utility token and we focus on main adoption that will drive the price, every extra additional rewards need to be reviewed really well and discussed with our lawyers.
I agree with you, burn tokens is just an artificial method to make the supply deflationary and pump up the price (usually we're talking about short terms gains btw)
Well i do understand why projects do it make a huge deflationary token system and make investors and yourself happy for a moment, but eventually its all about
use-cases we know we can create something that will grow for a long time and that will bring true value.
Would like to see a comparison between blockachain related virtual reality projects but I don't think that is feasible right now, afaik only decentraland has something to show
Yeah, such an comparison could be very helpful. Especially when you consider how much different VR projects there are already.
Aren't there other projects which have a mvp by now?
Or did most of the other VR projects shut down with the crypto crash?
Some are close to a Mvp, but none a fully working model atm. Having to shut down cause of the crash would be really sad, cause eventually they made a plan
raised the money and should launch a product. I do feel sorry for many projects though. We probably wont have such easy time raising the funds cause people
are sceptic and emotional in the market at this time, but we know that if we raise at least the minimum we can make the product great. The rest will follow.
i really like the project i can not wait to try a mvp, the idea to create unique items (clothes) collectible, which you can buy in the virtual world in exchange for token seems to me brilliant
NFT are brilliant, you can do it with clothes, houses, cars and Avatars but we dont want to only sell things people should enjoy and not having to pay for every move they make.
But think about free games like Clash of clans and Fortnite raising over 100m plus only on ingame sales.
And again we dont do this ourselfs everything we sell will be sold by the non profit foundation, so all returns will go to the platform.
Would like to see a comparison between blockachain related virtual reality projects but I don't think that is feasible right now, afaik only decentraland has something to show
Yeah, such an comparison could be very helpful. Especially when you consider how much different VR projects there are already.
Aren't there other projects which have a mvp by now?
Or did most of the other VR projects shut down with the crypto crash?
I only know about Mark.space. They have launched the beta version of the residential units and you can buy units as far as i know, but haven't checked it out yet.
I did not follow the execution of competing projects, like Mark.Space, but I did not hear anything related to its development, partnerships after the ICO, or even something that I valued without assets
I didnt read to much about Mark.space, but they are complete different than our project, we aim to let people create and use their imagination (we also will have premade content). And they look to me more
like building a city themself that is not fully aiming decentralization, cause people actually need to pay a running fee.