Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CosmosCR [$CYBR] Virtual reality metaverse powered by the blockchain!
by
Mrboot
on 11/12/2018, 10:03:56 UTC
No continuous burn system or buy back token system implemented?

Creator of this token is a legendary member on this forum, i think he is aware of how important this is.

Burning tokens is not a good idea you will most likely be considered a security instead of a Utility token. You can burn unsold tokens though, just not on regular basis.
Same count for a buy back program most likely cause it gives people Expectations of Profit.

We're a utility token and we focus on main adoption that will drive the price, every extra additional rewards need to be reviewed really well and discussed with our lawyers.