Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
cantdecide
on 09/11/2017, 10:56:51 UTC
it's not good for investor if expand ICO , i think UTRUST already very great now.

They do not seem to plan this no ?

It seems like they have thought about this earlier, this is from the whitepaper that i downloaded long time ago.

Quote
During the round, the tokens are distributed in a first-come-first-served basis and only the tokens sold on each round will be created and issued (for example, if only 50% of the tokens are sold in 7 days, then only 500 million tokens will be generated, thereby decreasing the total token pool from 1 billion to 500 million).

This is no indicator that all of this was planed in before. It only states that all unsold tokens after the ICO  will get burned, which is a widely used process.
The current state is, that they burned tokens before the ICO finished to reduce the whole possible token amount. This is in my eyes a really good step because it gives the chance to raise the price. Also that they reduced their own tokens is a good sign, because they also could have gone with 100,000,000 tokens and finished the ICO then with the current state around 430,000,000 tokens. This means, 570,000,000 token would get burned and 100,000,000 would be tokens owned by the devs. All in all, the current state is much better then before.