Post
Topic
Board Tokens (Altcoins)
Re: [ANN] DonCoin - Bringing Freelancing and Cryptocurrency Communities together
by
wleslie
on 30/03/2018, 17:15:33 UTC
interested in idea, but I dont quite understand, for example, employers pay the coins for services, which means the constant reduction of coin number, and when they finish, what will happen, or have I understood the model incorrectly?

Thanks for your comment.

Yes, we plan to burn tokens periodically in order to reduce supply and increase demand.
But there is a limit which we will decide after the ICO is over. This means that once the ICO is over, and based on the number of tokens sold, we will be able to make the math and decide the market cap we want to keep.
If the number of tokens sold enable us to burn tokens and still be able to keep our minimum required market cap, we will do so. Otherwise, we will need to skip the burn process.

We will be constantly working on strategies to promote and increase the price of our coin, therefore benefiting our token holders.

Hope my explanation was clear enough but please feel free to comment and ask more questions.