Someone asked about Hiway unsold tokens. I think theyll be distributed in percentage to anyone who participated in the tokensales.
Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?
The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.
Token burn has been the norm with tokens left after token sales. Its preferable since it leaves less tokens in circulation and more value to available tokens
With tokens been burned it helps to prevent dumping and as you have said with this way it adds value to the available circulated tokens
I was surprised he mentioned that they plan on distributing percentages of the unsold tokens to participants of the token sale. That will create an avenue for dumping of the tokens at first listing.
Why do you think this will lead to people dumping? By distributing the unsold tokens to ICO investors, they just lower the average price per token they paid.
Most people invest in what they believe will bring in profit. Some long term and some short term. Only a few really believe in the project. So imagine we have more short term investors here and then they get free percentage of the unsold tokens. Immediately they list, they go on to sell that portion given to them for free and thereby causing the price to drop. After all they got it for free.
It will be more profitable to the team performing an airdrop or a marketing campaign.