Re: [ANN][ID] EVEREST - Elevating Humanity

I have heard that all tokens that will not be sold in the ICO process will be destroyed, is that true? Is this step aimed at supporting the price of the token?

The unsold tokens will be included into our company's reserve which will be later be attributed to product development, marketing, operations and other necessities to drive the project forward.

So you will keep those tokens on some specific address with rest of the supply?And is it going to be locked?

ANd will investors be able to see when you use those tokens and for what they are being used for?

We have no information on that yet. As far as we know, the core team has all the rights to use it for marketing, operations, product development, and etc. Please, stay tuned for more info.

Best Regards,

MaZeeCM

Some more information on this questions would be welcome as I consider transparency as an important factor in decision making.

Im sure everything will be transparent,since thats the only way to deal with unsold tokens if you dont burn them.

Not necessarily burning. Some projects simply distribute unsold tokens among investors depending on the tokens they purchased.

Yea, that is completely legit, just needs to be done transparently to avoid potential issues.

in my opinion, better to burn unsold token than use it.
it will reduce total supply and circulating supply. pumping price will easy if there is limited supply and useable of token is huge

Burning is simple and elegant way,but if done properly,other ways can be even better,and im sure that Everest team will go for best option.