Post
Topic
Board Announcements (Altcoins)
Re: [IEO] Hiway - Platform Explanation & IEO Announcement
by
AngelJoshua
on 26/06/2019, 03:49:21 UTC
Someone asked about Hiway unsold tokens. I think they’ll 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. It’s 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.

Yeah we can consider it as a bonus but not all the investors are really thinking about the long run. Some of them are just like buying on the sales then waiting even a little profit before they dump their holdings.