For those who haven't read it yet:
NEW PRICE CONTROL POLICY
As the crypto community becomes more and more crowded, we believe most crypto traders will start to pay attention to the difference between a Cryptocurrency/token with a community and Company with a cryptocurrency and a community. There is a huge difference between the two - Anybody can create a cryptocurrency/token and list on an exchange and then the survival on that cryptocurrency is based on luck.
While to create a cryptocurrency that will stand the test of time and become relevant requires a serious company, dedication, planning, sacrifices.
Here is what we are trying to say...A lot of you bounty hunters are already collecting all kinds of tokens/cryptocurrencies right? but what you are really looking for is a token that has or will have a good value right?
For any cryptocurrency to have a good value, their has to be price control (economic policies). We talked about price control so many times in our whitepaper, price control is a key part of this project.
For any currency to have a high value, their has to be demand or scarcity. Since this is a new project, demand is what we do not have yet, but what we can create for now is scarcity.
We want Tio to be trading above USD$1 on a minimum and we are looking at $5 to $10 down the line on good days.[/b]
In order to achieve this, we have decided on the following,
This bounty rule does not apply to those who bought the tokens during the ICO or from the exchange. Those who bought the tokens have the right to buy or sell the tokens at will.
This is a very temporary price control, once the demand from our platform becomes strong enough to carry large supply of our tokens, we will remove all restrictions and every bounty member can then trade as much as they want. We will move quickly with the platform and building customer base to drive demand for our services and we believe a lot of you guys will be glad that we kept your Tio Tokens.
We will be paying out only half of all bounty payments worth more than 200 Tio, Every monthly payment cycle. For the half that is given to you, we expect that you keep half (of the half) of the tokens in your wallet at all time in order to continue to receive payment from our bounty. Those who dump their entire half of the tokens that was paid out on the market will be removed from the bounty program,and the balance of the tokens owed will be paid once the price control is removed.
This is a good strategy, most crypto nowadays fail because no price control. In order for a project to survive good implementation and planning is a must.
