Great question. Tokens are only issued when they are sold/invested. The issuance is controlled with a multi-sign process, with Apis Capital Management having one signature and Tower Fund Services (an independent Third Party Administrator) having the second signature. This ensures that only when funds from investors are received are Apis Tokens issued. Therefore, there are no tokens to burn after the ICO.


You can see the current circulating supply in real time here: https://stellar.expert/explorer/public/asset/APIS-GCYKQ2627BPKMSUZJK64GPYVKD4TRNACP45X6B754PR6TCYJXCHGUTWB

This ensures there is never an oversupply of Apis Tokens and maximizes the profits investors receive.

It's important to remember that unlike many ICO's that invest in "projects" where it's not really known how investors will receive profits (just because a project is famous, doesn't mean its coin will go up in value in the long term), the Apis Token is asset backed by the Investment Balance of the strategy in the hedge fund.

Investors will always have the right to redeem their Apis Tokens for their pro-rata share of the Investment Balance, so the token will always go up in value as the strategy earns profits. When they do, that is in fact when those Apis Tokens will be burnt and taken out of circulation (which will be visible in the Stellar Blockchain Explorer as a decrease in the circulating supply)

It does NOT go up in value just because "someone else is buying it a higher price because it's famous" (which is the "Greater Fool Theory" powering many ICO's) but rather because it has actually accumulated real, $USD backed earnings in an independently verified and audited account. In fact, after June, we will publish monthly reports on our website from the third party auditor showing the exact Investment Balance "owned" by the Apis Token holders.