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As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.
As per the need of our project we cannot schedule and plan automated release. Mining equipment gets updated every now and then and the availability is a major issue. In this scenario an automated release cannot be scheduled. Also we will be listing on multiple exchanges and we will be needing liquidity. The team will only hold 10% of the token supply as given in our white paper.
Sorry, maybe I made myself a little bit unclear. What I am asking is not the token allocation for your team, but rather if the team has control over the rest of the total supply. Looking at how it is not automatically released by something like a smart contract certain amount of token every specified and scheduled time, doesn't this means the team hold and has access to the rest of the tokens in order to be able to gradually release them when the team sees the conditions fit.
You are right as the team will have control over the rest of the total supply. As per the demand of our project we cannot automate the release of our tokens. Firstly we cannot be assured of the availability of the latest mining equipments. As we will be using all the funds from the sale of tokens to setup mining infrastructure, if we will automate the release and at that time miners are not available then the mining power per token will go down as the mining power will be less in comparison to our token holders. Also as all other projects hold supply to provide sufficient volume on different new exchanges we also will be doing that.
