40,000,000 tokens will be used to maintain price support of the PRG tokens, 40M are a lot but wath will happen if ipotetically you run out of tokens ? An what means stable? Basically you will play the market?
Any answer for this? I think it's an important point for investors, many people join ICO for trading sake, why join this ICO if you suppresse the price everytime?
The 40 million will be based pro rata on our initial crowd sale - e.g. we sell 100 million PRG, then the fund gets 40 million PRG. If we sell half of that, the fund also gets half of that amount.
This fund is important for us to gradually lower the tokens in circulation, as well as buy/sell from the markets in the event of pumps and dumps. Team members and employees will be barred from trading PRG within a 48 hour period of any reserve fund intervention.
Ultimately we want to ensure some level of stability for the PRG token as excessive volatility can be harmful - the Paragon Reserve Fund helps to address this goal.
I hope this helps, there is more information in the white paper as well,
https://paragoncoin.com/whitepaper.pdf Also, feel free to visit the telegram channel
https://t.me/joinchat/Clv-u0IXuCq2B0xvCIlRXw and ask any questions that come to mind.