Re: [ANN] Quadrant Protocol - A blueprint for mapping decentralized data
Are you going to burn unsold tokens? You raised 80% from hardcap amount. And since beginning you had 1 billion tokens, so you must burn 200 mln tokens...
Hello Magisterr, unsold tokens will not be burned. They will be locked and sold at a later date no earlier than 2 years.
The actually dynamics of this sale are not yet known
So you will have another one crowdsale? Why? In 2 years you will have working product and cap and price of Quadrants tokens will be increase in compared with ICO price...
Do you have exact date when tokens will hit to exchanges?
In ICOs, usually unsold tokens are burned. If they are not burned, it won't have a good effect on price. Hope they make a good decision. If unsold tokens are not burned, the allocation of tokens is changed. Because, the team will have more tokens than what was announced before the ICO.
Hi, thanks for your input here. The unsold tokens are not part or going to be part of this team's tokens, the proceed from it will be used to further enhance/drive Quadrant's technology.
It should become clear how that tokens will enter to the market.
Will you sell them on exchanges?
As the team has control over that tokens, it can make investors worry about it.
Hello ahmadakbari, as stated in the whitepaper The left over tokens will be sold in a second sale no earlier than two years from the end of the first sale. Details of this sale aren't yet known.
Is it possible that 2d sale will be denied and tokens burned? Lets say Quadrant got a significant growth within 2 years, so its no cases to conduct and new sale.
Good question! The team has made it clear that burning utility tokens actually defies the whole purpose of utility so this is an unlikely event. Also the date for the sale of unsold token is no earlier than 2 years so it could be in 5 years.