Hi Mladiornitolog
New LYNK tokens after the initial issue of 200,000,000 can only be generated from the reserves based on redemption of Lynk Boost Dollars into LYNK. Once the total number of LYNK tokens issued reaches 500,000,000 the company will initiate buyback programs to purchase LYNK tokens from open market to be able to continue the “Community Rewards System”.
Will you have some kind of mechanism that will prevent from making too many LYNK tokens in short period of time,therefore ruining the price?
Hi aalmina82
To ensure that additional supply of LYNK tokens (beyond the initial token supply of 200,000,000) is not being done at a rapid rate owing to the conversion of Lynk Boost Dollars(LBD)into LYNK, the distribution of LBD will be done in a controlled and phased manner with caps on the maximum amount of LBD being released each year. Additionally, specific locking periods will be introduced within which a member of the Lynked.World Platform cannot convert their LBD into LYNK tokens. This is to ensure that LYNK tokens do not depreciate in value owing to sudden increase in their supply.