Re: [ANN][NOXT] - NobleNXT Proposal/Whitepaper - Noble's 1st Colored Coin
@Buy$Polar
Those tokens value is backed with only one thing, rofo's work.
If someone will manage to buy 100% of the coins - he will basically have to wait for rofo to buy them all from him, so the new holder won't be in charge of the project - he will just be in charge of all of its tokens.
It is similar to entering a small casino and buying all their casino jetons include from the existing players, it will just mean the casino now have to pay for 1 big holder instead of many small holders, the value of those tokens is still backed by the casino - not by the holder
edit: and of course that holder is not a share holder of the casino now, he just own their tokens which represent something (fixed value in this example).
Those tokens value is backed with only one thing, rofo's work.
If someone will manage to buy 100% of the coins - he will basically have to wait for rofo to buy them all from him, so the new holder won't be in charge of the project - he will just be in charge of all of its tokens.
It is similar to entering a small casino and buying all their casino jetons include from the existing players, it will just mean the casino now have to pay for 1 big holder instead of many small holders, the value of those tokens is still backed by the casino - not by the holder
edit: and of course that holder is not a share holder of the casino now, he just own their tokens which represent something (fixed value in this example).
What happens after Rofo buys all of the Noxt Tokens back,
will he create more Noxt tokens from burning Noble or is that the end of the project?
And what will determine , when he buys them back?
Thanks.