Post
Topic
Board Announcements (Altcoins)
Re: BullToken ICO Whitepaper | Throwing itself 2 the wolves,in hopes of joining pack
by
louiepro
on 17/11/2017, 09:22:17 UTC
How do the investors make money from this token

Hi stallon!

Awesome question! We appreciate the curiosity Smiley

In the "Tokenomics" section of the Whitepaper, on page 23, you can read about our "buy-burn mechanism". We have purposely decided to stay as far away as possible from fiat investment models(for reasons we all understand), and will therefore not be offering any dividends. BullToken is utility token, not a security meant for trading. Wink

Our ERC20 token will be listed on major exchanges with the ticker symbol, BULL, and the way we will facilitate a deflation-situation is by buying BullTokens from the market and burning(destroying) them. At the end of each year the BullToken Investment Advisory Board (IAB) will propose multiple buy-burn strategies to the Community. We will then vote on how much of the year's revenue will go towards this purpose. The result is an increase in the value of BULL still remaining in the market, because of an artificial deflation-situation we as a Community create for ourselves.

Feel free to come back with some more questions like this! Even though we address it in our Whitepaper, I'm sure it's something many are wondering about, so thanks for asking Smiley

Have a nice day, stallon!

Best Regards,
Louie Smiley