Polymath
$0.14685 1.38%
POLY · 18w

Are the POLY used to purchase STO service burnt?

Are the POLY used to purchase STO service burnt? These 20k POLY which are used to buy the service, will they go back to Polymath? If Polymath wants to make profits, then they'll have to sell those to new investors all the time..., does it make sense? no... I don't see any incentive for investors, also how will this ever appreciate to say, 10$ if then an STO issuance will cost 200k$? isn't the whole model broken? **Rather do this (or similar):** Charge POLY based on the value they issue, a % of it, out of this %, burn 50% of it. So if they want to issue 1M worth of tokens, charge 0.1% in POLY, and burn 50% of that 0.1%. Polymath makes MORE profits, investors as well, price of STO is predictable and stable, POLY appreciates, growth spiral is ignited.
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