Now listed Burn coin in coinmarketcap is 2 million supply. But these token will be swap because 2 billion coin is created in the new contract address which is selling on IEO. Currently listed burn coin price 0.18$ and IEO token is selling in 0.005$. Old burn coin holder will receive swap coin and i think its ratio will 1:1200.
So meaning this project is quite old already? Did they have also some ICO or any crowdfunding event before? How come some have tokens of it? I almost see the signature of burn in every corner of this forum and quite curious how this project launch since most of their participants are even high rank. So right now, they still on their IEO and how about those trading now? If the coin price is much cheaper on the exchange then their IEO would be invalidated.
I had read some news that Blockburn was an old project and this project was funded by itself so that tokens are more expensive and have entered Coinmarketcap, but recently that Blockburn announced its changes to do an IEO in several exchanges I also do not know how the current conditions and the IEO price is quite low at $ 0.005 is there any additional token allocation?
Based on Twitter posts in mid-2019
https://twitter.com/BlockBurnHQ/status/1141095502014033925, Blockburn previously did not hold an ICO, but self-funding. And it was listed on small exchanges too, but it's likely now that they want to continue to develop and attract public's enthusiasm with IEO. Possibility, distribution of tokens and whitepapers has been updated, writing 15% for IEO in whitepaper.
The self funding is not clear and it needs to be more transparent to the investors. it looks like the team was doing a very good marketing that can make the IEO sold just in a short time. Can you tell me which is the small exchange site that has already traded burn token in the past? that makes me interesting to see that.