Burning of unsold token is definitely a good step to increasing the value of the project, cutting circulation is super solid plan and I look forward to seeing it work
This is always the case, reducing the available supply, is always a positive return for the project, it also has better trust by cutting the idle assets from the chain reassures customers that unsold tokens don't get used for other things down the line. Thats why theirs always a push for ICO's to confirm they will burn tokens before the exchange listings
In fact this process is pretty natural. Total supply of the project is the money people spent during ICO. If there are tokens that haven't been sold then these tokens cost nothing. So they must be burned not to dump the price of the remaining.
Do you guys really think there will be unsold bittwatt tokens? I think all tokens will be sold soon and we don't have to worry about it.
with 9 days left and the status bar almost closing i don't think there would be any token available for burning however i can't find information on total supply and intending circulating supply, kindly help out thank you
Hey Nathan,
This isn't an official site and is a third party ico review site, so please take it with a pinch of salt but heres the link below:
https://icobench.com/ico/bittwatt/ratingsThank you jamzz for the link however i didn't get the information i was looking for which is the Total Supply and Circulating supply, it's the soft and hard caps that was mentioned there, anyone with the information, or is the information regarding supply on hold at the moment?
Here is the whole information about token supply from
whitepaper:
The BWT initial supply is 338.6 million tokens. These are split into six categories:
254,000,000 tokens are sold during the ICO; (75%)
33,800,000 tokens are reserved for the team; (10%)
16,900,000 tokens are reserved for advisors; (5%)
16,900,000 tokens are reserved for country advisors; (5%)
8,500,000 tokens are reserved as bounty; (2.5%)
8,500,000 tokens are reserved for country-level marketing; (2.5%)