Quote from: Pepe_Fortunato on January 28, 2018, 11:39:08 AM

Quote from: MavsCrypto41 on January 24, 2018, 02:44:06 PM

What happens if the ICO only sells 15m tokens? Would the rest be burned but no 1% burn per transaction?

Is there KYC? Any countries prohibited from the ICO?

Hi there MavsCrypto41!

I am Brasseur Pepijn and one of the founders of Etcetera.

After long discussion, we decided to let the burn process continue indefinately. This means that we will continue the 1% burn, regardless of the amount of tokens in circulation. The tokens will be minted whenever a contribution to the ICO is made, when the ICO ends, only the minted tokens will be in circulation, together with the tokens reserved by Etcetera for operational purposes, bounties and affiliates. Should this for example be only 10m tokens, the burn process will still be in place. We made this decision to give the participants added value to the token in the long term, regardless of the amount of success the ICO will bring. This together with the demand we will create through our offline card sales should bring a high value for the Etcetera token.

We do not have a KYC in place, and we are only prohibiting the US and China to participate in the tokensale, this is described in our terms & conditions.

Anyone can register on our website without a KYC process, and contribute to the ICO and they will receive their Etcetera tokens after their contibution.

Thank you Brasseur! That continuation of the burnoff sounds great! This is gonna go big places.

MavsCrypto41

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