Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICO - Blockbid: Bringing Stockmarket Exchange Quality to Cryptocurrency
by
BlockBid
on 12/08/2018, 12:05:55 UTC
I note you will have a 5% coin burn, but I've heard elsewhere that coin burn is not possible in Australia as it implies market manipulation. Have you heard this and does it also apply to Blockbid?

It's not correct that coin burning is considered market manipulation, I've heard that rumor as well but it's not correct. It's no different to a share in the stockmarket performing a share consolidation. Often, a listed company will reduce the amount of shares on issue by up to 99%.