Topic: What result would Burning Based on Dumping have? (Read 120 times)
Bump...Anyone?
I Just read a draft whitepaper that will be going online in the future but something caught my attention and I thought I would get other peoples opinions.
It says that they will hold unsold tokens as a reserve for 12 Months after ICO then burn them the entire reserve.
They will burn the coins at a daily rate that is double the selling volume on exchanges?
So for example if when it gets listed on an exchange 5,000,000 tokens were dumped they will burn 10,000,000 tokens.
I assume this is in an attempt to keep the price stable but surely that wouldn't work, would it?
Thoughts and comments appreciated.
It says that they will hold unsold tokens as a reserve for 12 Months after ICO then burn them the entire reserve.
They will burn the coins at a daily rate that is double the selling volume on exchanges?
So for example if when it gets listed on an exchange 5,000,000 tokens were dumped they will burn 10,000,000 tokens.
I assume this is in an attempt to keep the price stable but surely that wouldn't work, would it?
Thoughts and comments appreciated.
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