Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
Good to know the tokens don't have any dividend.
The influence on the price of Bittrex is too important in comparison to the dividends that token can offer.
The influence on the price of Bittrex is too important in comparison to the dividends that token can offer.
Well, yeah, the amount of utrust won't give many dividends unless you have a HUGE amount, so that is what I think the reason they didn't go that route, it wouldn't get the token much value, it is better to increase its value with scarcity, burning tokens is a better solution, plus it will give the token an open door to some exchanges like Bitrrex.
This is the first time I hear about dividends in cryptocoins. I know what a dividend is from traditional stocks but what does it mean for cryptocurrencies? And what does it have to do with UTrust?
There are no dividends in UTrust. The definition of dividends in crypto I think is, a company obtain profits for its investments and share those profits with token holders (for example I have a friend with a good amount of Taas, Taas gives dividends quarterly, he received 30 ETH after four months of initial Taas' investment). Don't know if I exaplained it well but it should give the general idea
Did he receive ETH or tokens worth ETH? Because some ICOs pretend to give dividends but in reality dilute the supply by creating more tokens. https://steemit.com/money/@fintekneeks/what-cryptocurrencies-pay-a-dividend
According to the community manager Kakumei, UTrust has deflation through the burning of coins. So maybe the words deflation and dividend were mixed up. Or, in a way it could be regarded a special kind of divided, a reinvestment dividend.