https://blog.digipulse.io/digipulse-foundations-decision-on-token-management-b07f3a150a28The team is reducing the total token supply from 20million tokens to 5 million tokens in a burning event that will happen on April 30th. About 11m tokens were not sold during the ICO and were frozen in a smart contract to be release in April. Also as per the team's whitepaper, the teams allocation of token's is set at 25%. In order to stay aligned with their 25% holdings, the team will burn the unsold tokens and additional amounts held by the foundation to match the new supply of tokens. The 1.4m tokens in circulation held by the community will remain the same. The teams token will decrease and the total supply will decrease from 20m to roughly 5m.
What does it mean when they are tying the coin to FIAT?
Like 10 DGPT = $1?
It's good that unsold tokens will be burnt, throwing them in the market would basically make them worthless. But I just don't get that part.
No, it doesn't mean DGPT is fixed to USD. It means that that service will denominated or priced in USD.
i.e. $20 monthly that you can use DGPt to pay. If DGPt is $10, that will be 2 DGPT for the service each month. If DGPT is $100, that will be 0.20 DGPT per month.