Good afternoon, team and the community! what are you going to do with the unsold tokens? are they going to be burned?
Hi good question.
There are 21 million tokens available for sale, we are just targeting a sale of 1 million in this initial sale. HOWEVER, any unsold tokens have no value and will be owned by the token holders. Because this is an asset backed token, the value per token should not be diluted by any additional sales because 100% of the net proceeds will be used to buy more real estate assets. It's very different than traditional ICOs in that way.
Also, we (the management team) are retaining no free tokens. In fact, 100% of our employees have purchased property Coins with their own money. We want to be 100% aligned with the interests of our token holders. If the token holders dont make money, we don't make money.
First and foremost, the value proposition of Property Coin is different than most tokens. It is critically important to remember that, because 100% of the net proceeds of any Property Coins sold will be used to buy assets, subsequent sales will only increase the underlying asset value of ALL Property Coins. Any Property Coins that are not sold will have NO rights to profits and NO economic value. Of course, there are no guarantees or assurances when it comes to investing but we believe that future issuances shouldnt be dilutive to existing coin holders.
Hopefully that helps. Please feel free to ask any additional questions. Thanks!