Re: [ANN][ICO][BOUNTY] 🔥 DomusCoins ICO 🔥 Coin backed by real estate properties ✔
I see the coin specifications contained in the project thread are very convincing in price, but the total supply of coins to be distributed is very much, is it not too much for the high coin price, what if there are unsold coins, will there be coin burning action?
Hello Turkimen and thank you for your question
The total coin supply is so high (is it? in real estate 1 billion isn't so much) because, if the project succeeds, having such a reserve can help DOC owners consolidate the price at a higher value.
And yes, tokens can be burnt if successful conditions aren't met. Please see this quote from my previous post here: https://bitcointalk.org/index.php?topic=2947691.msg30335622#msg30335622
...."so what will you do with the coins left unsold?"
Last but not least, board members' coins are released only and only if tokens are sold in a proportional way well documented on the whitepaper.
- We keep the coins for future emissions. Why? Picture this: after the ICO there are 10 million tokens sold, and 10 million usd worth real estate properties. Now DomusCoins starts to appreciate and it goes up to 3 USD each. At the same time the real estate value didn't appreciate so fast. So, how to compensate the gap? We emit 10 more million DOCs at the market price, means we get 30 million dollars which buy 30 million dollars worth properties. The situation now is that there are 20 million coins issued and 40 million dollars worth properties. Doing the homework, it comes out that the minimum value for each DomusCoins went from 1 to 2USD, and this value is consolidated.
- If the case scenario above doesn't happen, tokens will be kept there or burnt. In fact, as stated on our whitepaper, the DomusCoins company formally commit not to inflazionate the value of the coin.
Last but not least, board members' coins are released only and only if tokens are sold in a proportional way well documented on the whitepaper.