Quote from: Jayjayzian on June 20, 2018, 10:40:22 PM

https://medium.com/@j.toncic/relex-halves-total-supply-for-upcoming-health-token-airdrop-removes-majority-of-teams-share-for-bd1cd82cba55

In an unprecedented move, the Relex team will cut the total supply of its upcoming health token in half, removing its own tokens from the impending airdrop.

Relex will launch a health subsidiary branch during the first week of July, but those who thought that Relex would hold a significant stake of this new branch are in for a welcome revelation.

Current Relex (RLX) holders will receive the new token at a 1:1 ratio. Previously, holders had thought that the total supply of the health token would be 2 billion, matching the RLX supply. In a surprise move, however, Relex announced today, in a town hall meeting with CEO Keith Hilden, that the Relex team did not plan to duplicate its holdings from Relexs team wallet for the new token.

Hilden described the act of creating a new token as a practice he could not ascribe to. He cited Relexs anti-fraud background and strong belief in fairness for its holders as major determiners of this decision, but he also rested strongly on his own morality. Such a decision resonates with the Relex teams rejection of exchanges offering price manipulation in May.

The snapshot date for the Relex health token has yet to be announced. The new website is scheduled for the first week of July. The airdrop will happen before the new website launches.

Stay tuned for more information regarding the Relex health subsidiary branch.

To join the conversation, visit the Relex community:

Telegram: https://t.me/relex_core.

Relex website: www.relex.io

Relex Twitter: @RelexTalk

Relex Facebook: @RelexTalk

Relex SubReddit: https://www.reddit.com/r/RelexRLX/

The main point is to remove the team's coin. It gives the more value to the token itself. That means there will be more dumping from the team and i'm very glad to see that. This will possible to bring another slightly increase to the relex as fast as possible but a good news at all. Thanks for that. That's so healthy distribution in my opinion.