The plan is definitely to buy back tokens but not all of them. We will aim to reduce the supply by up to 50% over time. The reason being if you held 1% at the start of the project and held onto them indefinitely, by the time we reduce the supply your 1% becomes 2% of the total. Add to that the planned growth of the service and you should receive a significantly larger amount of value that you did at the start.
We don't want to create a speculative token, we want our token holders to keep holding because the monthly payouts provide real value and to support that the founding team will only personally make money from this project through their own token holding so if our investors don't get paid then neither do we.
Nice to get replies from the team directly. This kind of interaction gives good hope for the people around here. 50% of the tokens for buyback? What kind of timeframe are we talking about here?
Yeah agree on you, its so nice that the admin keep on responding and being active not only in telegram but also in the thread.
I would understand that’s because it’s the first STO from a mining project and they have an experience team that would do all it takes to get this right. First, they took a bold step by being the first mining project to promote investors from harsh regulations.
To think yesterday that I said they wouldn't burn any tokens? Or will they burn the tokens that are bought back or sold back to big investors?
They can only burn tokens if they make that as an option to unsold tokens, usually it is made known by the team before hand
