Quote from: rd123 on December 30, 2017, 07:45:26 PM

Quote from: Rhesus on December 30, 2017, 02:33:19 AM

I'm also wondering what the Token Sale Phase 2 is about and if it will dilute existing shares.

Quote from: ifigureditout2 on December 17, 2017, 07:32:11 AM

What's the details on the "Q3 2018 Token Sale Phase 2" in the roadmap? Is this going to dilute the value of existing tokens?

It's my understanding that the second token sale will be done once the token is much higher in value (around $20 i believe was mentioned) and it is done in order to increase the liquidity of the token while providing additional capital for the Mybit foundation to be able to expand. As you can see in the end of year summary, it has been confirmed that there will be a burning model implemented for network access. This will be pegged at $1USD worth of mybit and will decrease supply over time (which is hardcapped at 5million), I am a long-term hodler of Mybit and I consider the token sale phase 2 necessary for Mybit to reach its full potential

Getting on more exchanges will increase liquidity. I get that more funds will help MYBit grow but there has to be a way to do that without penalizing the early investors by decreasing demand. Aside from the platform itself , the low circulating supply was a major incentive for many of us to invest. I wish MYBIT all the success but I would appreciate a solid explanation from the Mybit team.