Quote from: onirecon2018 on November 11, 2018, 10:10:30 AM

Quote from: Jarvis Edge on November 10, 2018, 09:52:01 AM

Quote from: cotchon on November 09, 2018, 11:32:21 PM

Quote from: Jarvis Edge on November 09, 2018, 09:49:55 PM

Quote from: mistersylv on November 09, 2018, 06:11:27 PM

Will the coin be mineable ?

No, it is premined, and the total supply will decrease over the year through a buying back program.

Hi !

In the WP it's written that you are buying back tokens on a quarterly basis, could you please elaborate on that ?
You are already distributing dividends to token holders so why buying back ? It's quite the same, isn't it ? Why both of them ?

Hello,

There are two buying back program.

1. One is held by the company itself, with not more than 5% of the profits; the tokens are bought from exchanges and remove from circulation, they are destroyed; doing so the revenue per token increase. Doing so, even without buying more tokens, and even if the revenue of the company is always stable and do not increase, there will more value shared per tokens over the time.

2. The second one is held by the DAO and strategic found; both will have to manage a pool of JRT; and as they both have JRT, they will both receive revenue in JUSD. These JUSD will become a USD stable coin liquidity pool, and will be used to buy back JRT from decentralized exchanges, or from Jarvis exchanges, to refill the pools.

It is a virtue circle.

The project plans to use a portion of the profits to redeem the tokens, but do not know how is the maximum number of tokens the project wants to buy back? As far as I can see the total supply is still pretty much.

Hello ! For the destruction, we will destroy the absolute maximum that will provide the best value for our token. Our goal is to maintain a healthy ecosystem so we will monitor the rate of destruction to have it correlated with increasing the value, for the benefit of every token holder.