Quote from: shabalinoff on May 07, 2018, 01:55:42 PM

Quote from: wleslie on March 26, 2018, 06:31:41 PM

Quote from: shabalinoff on March 25, 2018, 02:18:06 PM

Quote from: wleslie on February 21, 2018, 03:52:57 PM

We plan to implement a buy-and-burn strategy in order to reduce supply and increase demand. We will buy periodically some tokens an burn them. Also we plan to burn tokens for each transaction processed inside our system.

The idea is very interesting.
Don't you think that more expensive tokens will decrease the amount of your customers? You are not the only such project here. Your customers may consider joining other similar but cheaper projects.

Hi tanks for your comment

Our customers (employers) will be funding their accounts with USD (Paypal) or Crypto (BTC, ETH) in order to pay for jobs.
Once they fund the account, they will receive a certain number of tokens based on current token price.
If, for example, at the time of purchase, the token price is $1 and the customer deposit $100 then he/she will receive 100 tokens.
The customer knows how much in USD he is holding and how much he is willing to pay for the project.
So if he/she decides to pay $50 for a task then it is just a matter of paying $50 worth of tokens to the freelancer.
So it doesn't really matter what is the price of the tokens as it will always be calculated against USD.

Now, the interesting part is that when the price of the tokens goes up, tokenholders will make immediate profit.

Also, since we will be burning tokens, the supply will keep being reduced therefore increasing demand. With increasing demand, the price of the token will go up for sure and current tokenholders can sell their tokens for whatever price they decide.

Please note that after the ICO period, no more tokens will be sold which means that all new customers will have to buy tokens from current tokenholders.

Thanks for your explanation. But I understand that myself.
The questions remains unanswered...
Expensive tokens can decrease the amount of your new customers. What will be the reason for them to buy tokens from other users on high price?
There is a risk of your token being used only for trading/speculating.
I'm still not sure that there is sense in increasing token's price.

Well, first of all $0.06 per token is not expensive.
Not sure when our tokens will reach $1 or more but it will like any other tokens.

New customers wanting to use our services will get tokens at current market price. They can either hold and make some profit from future increase in price or they can just spend it all by purchasing services in our platform.

The whole thing about cryptocurrencies is the hope that they will increase in price. Otherwise, no one would be interested in your coin.

But of course, the price just doesn't go up from one day to another, it is a process that will be influenced by many factors.

However, one of our main concern is to bring more value and purpose to DonCoin in a way that tokens holders can benefit. and that includes also new customers.

Not sure I was able to answer your concerns but please feel free to reply back.