Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] AVAI Token - first ICO by a professional football (soccer) club
by
SportyFi
on 02/10/2018, 13:46:16 UTC
c) Redemption of AVAI Token 
30% of all AVAI Tokens that will be redeemed/exchanged on the Platform (either through AVAITokenStore, the AVAITokenTickets or the AVAITokenSpecialExperience) will be burned on the Ethereum blockchain on a quarterly basis, i.e. on or around 1 April, 1 July, 1 October and 1 January of each year, for previous quarter (that ends each time on 31 March, 30 June, 30 September and 31 December).

this is for 2019 right?

redeemed / exchanged for what ?

Redeemed or exchanged within the AVAITokenStore (merchandise), the AVAITokenTickets (match tickets) or the AVAITokenSpecialExperience (VIP dinner with players / being present at half time talks etc)

Please check the whitepaper linked below for further information:

https://avaifc.io/avai-whitepaper-en.pdf