Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO/IPO][PRE-SALE]FOLEUMio - GREEN Mining for the masses, Simplified
by
filimonov33
on 08/08/2018, 19:59:59 UTC
Greetings guys. I'm absolutely love Foleum ideas!
I want to ask, did Foleum has a Project Reserve?
Greetings. Yes, Foleum has a Project Reserve.
I see. And how much they will allocate for it?
So, 4% of the FOL crystals will be allocated to the Project reserve.
And for what Foleum will use it?
The profit-sharing proceeds from 2% of the reserve FOL crystals
will be used by Foleum to buy back FOL from Crystal holders.
Huh, okay. What Foleum intend to do with these repurchased crystals.
As Foleum team themself said and according the white paper:
"The repurchased crystals will then be burned"