Burning of unsold token is definitely a good step to increasing the value of the project, cutting circulation is super solid plan and I look forward to seeing it work
This is always the case, reducing the available supply, is always a positive return for the project, it also has better trust by cutting the idle assets from the chain reassures customers that unsold tokens don't get used for other things down the line. Thats why theirs always a push for ICO's to confirm they will burn tokens before the exchange listings
In fact this process is pretty natural. Total supply of the project is the money people spent during ICO. If there are tokens that haven't been sold then these tokens cost nothing. So they must be burned not to dump the price of the remaining.
Do you guys really think there will be unsold bittwatt tokens? I think all tokens will be sold soon and we don't have to worry about it.
with 9 days left and the status bar almost closing i don't think there would be any token available for burning however i can't find information on total supply and intending circulating supply, kindly help out thank you
If no token is available for burning. it's mean the hardcap is reached. right?
this project is good enough. Many of people are interested to join of the project.
If there are any unsold tokens and the project has stated that unsold tokens will be burned, yes it means there are no unsold tokens if hard-cap is reached, which is in itself a nice achievement
As we can see only 9 days left for ICO end date. And I expect listing immediately after the ICO end. But as of now other than cross exchange I don't see any other exchange information. So this means Bittwatt only list at cross exchange?
Normally listing information should not be disclosed until it is confirmed. The information will come very soon. Knowing the efficiency of the team, it will be listed very soon.
Yeah, right now discussing future exchanges that will list the Bittwatt tokens is just pure speculation. But I am sure the team already made some deals in the background and will let us know once the sale is over.
They could start listing in the decentralized exchanges and then list on bigger ones. This is a long and time consuming process and they should start it early on. Plus most investors worry about the exchanges a lot.
From my observations from other projects this is the trend they take, listing in smaller exchanges before getting listed in big exchanges like Binance, any idea if they will get listed immediately after ICO ends?
I would imagine they will be listed within a couple weeks of completeing the ICO, you need to give them time for distribution for tokens, bounties etc etc. all this is usually sorted straight after ICO then they send the tokens out
Look at it this way, they're making huge progress with the partnerships they are establishing, however lets be realistic, 3 digits is a long way off if you mean it'll be in the hundreds.