Hi @bitfresh.win, I have several doubts in which I hope you can help me. Where we can find more specific and direct information about the project #DevelopmentTeam ?, I mean names, previous projects they have worked on etc...
In your WhitePaper you indicate that each month a number of tokens will be burned, but it does not say what percentage it will be and if this percentage will remain during the months or will be random.
Thanks!
Hi Freemind! Thanks a lot for taking the time to read our whitepaper.
We did not include a team section because we found out it is not usual for this type of projects. Though your concern is noted and we should definitely look for a way of sharing this information.
To give you a general idea of who we are, we are a group of developers and designers with experience in the field of cryptocurrencies and blockchain. We know the value of a great interface and user experience design and we want to bring that to the crypto world.
As for the token burning, we don't think a set percentage is something that should be established at this point. Neither Bitfresh nor the team will ever come close to controlling a large enough amount of tokens to comfortably commit to burn X% every month. Maybe in the future, but for now we are working hard to get the product ready, and get adoption of the platform going.
We see token burning as a means to push the token economics towards the right direction at a given time. This can give our whole economic model a lot more of flexibility to adapt. We want to make sure there is always enough tokens available for users to trade at a market price that is fair.
Having said this, we believe making a statement or commitment like the one you are asking for at this point would be counterproductive. What we can say is that we will employ token burning in a way that favors all stakeholders and that the token burning model will be built with the community. Again, keeping an open mind on this topic!
Thanks again for reading.