Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO
by
eBit
on 09/12/2018, 21:44:19 UTC
People don't seem so eager to burn their BLK for an unknown token..
only 13m out of 64m burned - https://ibo.laboratorium.ee   Roll Eyes

Nor should they be. I think everybody making a decision whether to burn or not is fully aware of the risk that they may not get anything in return for burning BLK.  Based on that, I think 13mil burned out of 77mil (16.8% @ $500K USD current value) shows extraordinary confidence in either an idea, a person, or a project.  It’s a much safer proposition to wait until the product is completed and working in order to participate in acquiring tokens.

I can’t say I don’t feel some uneasiness about the BLK I’ve burned.