Quote from: jfvmcryptoblock on December 11, 2018, 02:54:19 AM

Very glad that the unsold tokens were burned, market is very difficult for new coins as they get listed on exchanges and you guys have quite a high token supply; really hope the price doesn't tank once listed.

+ Burn Amount: 1.2 billion KAT

I agree that the landscape currently has been less than favorable, but the good news is, that we sold our tokens during what appears to be most difficult time, so we now have the opportunity to be patient and persistent in building our roadmap. We are prepared to weather the storm and continue to work through it. We cannot predict how things will go in terms of people's sentiment, but we are confident that we have the recipes for success, including funding, a great team, talent, and a solid business plan. Our primary concern right now is to #BUIDL and deliver.

Supply is a highly debated issue. I am not convinced that supply is as big of a factor that people make it out to be. I understand the logic behind it, but there is no evidence to support that it affects things one way or the other, only speculation. However, reducing the supply for unsold tokens is something our community and advisors encouraged us to consider, so that is what we've done. We care about and listen to our community. We are happy to announce that the supply for KAT has been reduced by a factor of ~25%. The burn will take place on Dec, 19th 2018.

Regards,

William
Kambria Community Manager

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