So my understanding is that when the app and platform are fully ready, you will start charging a fee for membership, and this fee is paid with TKR. People can acquire more TKR through exchanges with either the trackr team or investors. My question is: Will you adjust the TKR price of membership to maintain a relatively constant ETH-equivalent membership price, or will you let the free market determine the price of membership through the fluctuating value of TKR?
Does that question make sense?
Does that question make sense?
Yep, we've actually mentioned this somewhere in the whitepaper/blog or website (can't remember).
Users pay a nominal monthly fee for the subscription of ‘advanced features’ with TKR. The subscription price varies by the token price against ETH, as the value rises you would need to pay less in TKR which gives early investors a bonus, either through a longer subscription or through enjoying a higher trade price on exchanges. Moreover, holding TKR enables the user to receive airdrops (as long as they have 2500 TKR right before the first exchange is live and during the 48 hours of the first exchange being live). The airdropped amount is proportional the amount of TKR you hold at the airdropped time (the timings are not given out due to this reason).
The subscription fee which the team receives will:
- be burned for a small amount each month
- a sizeable chunk is set aside for airdrops
- be thrown back onto the exchange and/or saved for other reward schemes
