i think the project have percentage minimum of token must be sold in ico and then the other coins will be burn
because if the project havent enough investor, of course this project cant be start
Topic: ICO token and token burn (Read 136 times)
OK. Thanks.. I appreciate the response.
The amount of money raised during ICO's are usually well more than enough for the development and project's operation. It is always better to have excessive funds. The Team usually keeps a set amount of the projects tokens as well as all of the funds raised during the ICO. There sometimes is a minimum cap which if it's not met, the project is postponed and refunds are issued.
Unsold token will be burn that all matter, so the dev cant dump the coin. And for the project usually thy have softcap and hardcap if they raise softcap it will be fine and unsold coin got burned. But if they dont, usually they'll refund investor money.
I have recently seen projects which offer tokens for subscription to the public with some nice number of token supply.
Later they would say unsold tokens would be destroyed or burnt.
My question then is. If they didn't raise the amount they wanted to raise.. How would they execute the project?
Or is it a new type of swindle now that they would raise the amount to be raised to like 50% so that whatever the outcome it is still OK?
Later they would say unsold tokens would be destroyed or burnt.
My question then is. If they didn't raise the amount they wanted to raise.. How would they execute the project?
Or is it a new type of swindle now that they would raise the amount to be raised to like 50% so that whatever the outcome it is still OK?
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