Topic: Value recovery token (Read 235 times)

There are 10 000 000 of BurnTokens (https://etherscan.io/token/0xE0dD75DA07C10D0A904e79E9ac95B360a06A4bb9)

- 9 000 000 are under control of special distribution smart-contract
- 1 000 000 in reserve

BurnTokens are burnable (they can and will be destroyed when exchanged for other valuable tokens) but not mintable (all totalSupply was created during the deployment and cannot be increased).

So the model is deflationary

Project have a deflationary or inflationary emission model of tokens?

Yep, working hard to fulfill the Rothschild's prophesy See here http://expandourmind.com/2017/07/20/rothschild-prediction-1988-global-currency-phoenix-start-2018/

Idea is original

I remembered the mythological bird Phoenix. She burned herself, and then revived.

Hi ICOEthics, thank you for your interest.

We’re preparing more detailed explanation of the project. Right now we have FAQ section on BurnToken site and we’ll publish smart contract code which is pretty verbose and self explanatory for those who can read Solidity. So we want to make it as trestles as possible.

And finally it’s about elimination of useless and worthless tokens, but with correct ERC20 contracts (we can’t allow for example Monero Gold because it was broken and current totalSupply is enormously huge)

Hello, where can we read your whitepaper and also more information about the team behind your project?

BurnToken is a value recovery token.
For those who have no idea what to do with all that sh*t tokens!

What does it mean?
Many teams that conducted ICO and collected real money haven't delivered a product and couldn't even list their tokens on a decent exchange. Such tokens are useless, and funds can be considered lost in many cases. We want to recover the lost value.

How does it work?
You destroy sh*t tokens using our smart contract and get BurnTokens. So you don't need to pay for BurnTokens because you've already paid with your Ether or efforts when you've participated in sh*t ICO.

But how the value can be recovered?
The harsh truth is that the really good projects don't need small investors, because big investors are easier to deal with. But what good projects need is users (that was the real reason behind good ICOs - to get users not investors, but one had to make a fair token distribution that's why no free tokens).
So good projects are ok to get BurnTokens in exchange for their tokens because:
1. They get more users
2. They don't give their tokens for free as BurnTokens are NOT free, so such users are not freeloaders
Project teams can make their offers to BurnToken community to exchange their tokens for the burn of BurnTokens (yes, BurnTokens are burnt in this case to have no additional circulation, no need to give BurnTokens to the project as they get all they want - users)

What do we want from the community?
The smart contract and dApp are ready (https://burntoken.xyz) but not yet activated.

Please suggest worthless ERC20 tokens in comments and on our site (there is a suggestion form) so that we could add them to our smart contract.

PS. Please PM me if you want to suggest some value for BurnToken community.