What is the hardcap and softcap target for Luxcess? What will happen to the unsold tokens? Is it going to be burnt out frozen or some other options?
Information found in the whitepaper: Softcap 0.5 Mio, Mediumcap 2,5 Mio, Hardcap 5,25 Mio. 60 mio tokens, price 0,15$
Unsold Tokens will be burnt
I do love a good unsold coin burn
Instant potential value increase!
Look forward to around June when the Royal platform gets introduced if everyone goes to plan! I think that's the breaking point and will certainly help with the value and volume.
Especially on already somewhat low cap coins it basically means they your Garanteed a solid return on your investment especially if the ico in question has no bonus or a limited scope of bonus to keep the individual coin value high post sale. Luxcess seems to be lining their token up to be a small but high dollar token in the future which I can get behind for sure
Yes, once they hit good exchanges after the ICO is complete, the value will definitely increase as the volume spreads across the exchanges, coupled with the periodic burning of the tokens, the luxcess team just need to clean up all loopholes, i see this going far
I think burning tokens can be good for investors; i am curious what implications would that have on the project itself; I understand the token price might be driven upwards; but also the token is a mean of operation in the platform; don't get me wrong i like that my investment would increase but also the long term value should be considered; I am just curious on that end.
The burning of the unsold tokens basically is an implication that those tokens can not be used to sell, which would otherwise suppress the token demand in exchanges
It's a guarantee that the team will stick to the budget as described in the whitepaper.
In other words, if the tokens would not be burned but instead be sold on behalf of the team to further finance their agenda, the team's expenses would be more than initially agreed upon.
Very much like a construction project costing 2M USD based on a calculation, but after a year it turns out it costs 3M USD which might cause investors to lose faith in that construction company.
Analogy here is that if the unburned tokens are sold on an exchange, the value of the token is decreased proportionally, meaning your share of the tokens is worth less so in the end you paid for it if the tokens are not burned.
