Quote from: Cryptoenthusiasm on October 26, 2018, 10:30:34 AM

Incredible company with an incredible team behind it! Also now that they have DLT licensing, I'm guessing the potential for huge institutional inflow of $$ into crypto is enormous, so bullish about this project!
I love the token burn idea by the way, but had a few question about it:

1) How often will tokens be burned?
2) Will we be able to see how many tokens have been burned or will that remain hidden?
3) Where do burned tokens go?

Also do you guys plan on releasing an Android app or is it going to be just on iOS?

Hi there Cryptoenthusiasm!

I'm in their main telegram channel since June more or less, and I can tell you that:

1) It will be continusly, they will constantly be buying back %50 of the fees.
2) Yes, a live counter with how many tokens are burned and how many are in circulation.
3) And the burned tokens will be removed from circulation and locked into an irreversible smart contract address for perpetuity.

All of this can be read here, their "support" section:
https://support.covesting.io/hc/en-us/articles/360005509653-Buyback-Burn

Android apps will come later, it's in development. I already asked for it on their channel (Usually they answer very quick).

So, everything I just posted come from that link, and the live counter/Android app from their admins on their main TG channel.
I really curious how all of you found this amazing project, in my case a good investor friend showed me Cheesy

Nice day, peace!