/biz/ - Business & Finance

>>17226093
Wow the team minted themselves millions of tokens for free and have offered to burn some! How generous, we should all buy right now!

>>17226117
>how dare they have money for their work reeee

Lmfao ok retard.

burning tokens is a clear sign that the design phase failed. this whole thing wont end well

>>17226164
>sending your digital chuck e cheese tokens you minted for free to a burn address is hard fucking work
>youd better fucking pay these hardworking men you bigot

>>17226117
>>17226238
>>17226284
Have to agree with these guys
Seems really bad that the team can just up and decide to burn 75% and 70% of tokens without SEVERELY impacting the project

It’s almost like the original plan was complete and utter horse shit. Which shows extremely bad planning/foresight on the teams part

>>17226345
Not really:
Ecosystem tokens were originally intended for general uses such as developer incentives, blockchain tests, sidechain creation/bootstrapping, and other activities. As we have reached an advanced stage of the project, most of these activities requiring token payments will only increase inflation and negatively affect the token economy and price. We have therefore decided to cut the unnecessary part of the ecosystem vault. We are confident that we will continue to develop and reach greater heights using best financial practices and prudent expenditure. However, where there is need for tokens, the open market will serve as the primary source of purchases.

>>17226284
What the fuck?! Are you really this retarded?

The work I am talking about is programming ,promoting and maintaining their product, the p2p energyuse on the Lition blockchain. Never even implied that the burning is the work you imbecil nigger.

>You'd better fucking pay these hardworking men you bigot
Not hard work like your dumbass needs to work on a constructionsite for 1/10 of their salaries but work with the brain aka coding, dipshit. Have you even once typed something into a console? Get out of my board you brainlet.

>>17226400
>the best way the team feels they can bring value to the coin is burn 75% of them
>fucking bullish guys
If these clowns could fucking code they wouldn’t be burning all of their tokens. They know they can’t build anything worthwhile and are trying a last ditch attempt to milk idiots like you out of your construction paychecks. My net worth is higher than this fucking shitcoin, peasant.

serious fucking commitment from the team its hilarious the pathetic reaction from the fools on this board.... quick note here to my fello lition stakers were making 30% per year staking and the total supply decreased by 45% hahahahahahha thats me laughing all the way to the bank.... 2020 is our year its our fucking year!!!!

>>17226486
>My networth is higher than this fucking shitcoin, peasant

Sure thing pal ;)

>Team is burning tokens so they show that this "hurr durr Team is dumping LOL" FUD bullshit was - only that. bullshit.
>Therefore the team is confident that they get paid through the evergrowing influx of customers
>"UhM nO bRo DeY tOo StUpId To CoDe LMAO"

They blockchain is stable and is getting stresstested by the day with higher parameters. End of Q1 this shit will be running again and the staking rewards will skyrocket because all transactions are on the blockchain and require gas.

Get the fuck out of my board you baboon. You are (I'm serious) Fudding to accumulate or just plainly retarded.

>>17226345
>It’s almost like the original plan was complete and utter horse shit
You need to understand this is more like a fun pet project for Richard & friends

>>17226117
>>17226238
>>17226345
f you think this won’t have at least a short term positive effect on price, then I don’t think you can be helped.

>>17226491
>were making 30% per year staking
False. It's 25% now for 12 month staking contracts. Which it's huge, don't get me wrong, and clearly unsustainable. They even partially burned the ecosystem pool.