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.
Polymath position themselves as Ethereum for security tokens. Own blockchain which allows the creation of tokens of standard SR-20 which combination with smart contracts, is intended to provide securi...