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RE: BuildTeam Announcement - Token Buyback Campaign Starting Soon!
ah cool, I just added another 30 to my share and am happy to get to over 0.5% of the tokens. Target 1%...
Must get some more before this will drive up the price.
one question though: what will happen with the tokens that are being bought back?
are you burning them because that is not really clear in the post
Our current goal is to redirect them towards development efforts to further increase profits :)
so you will then not be taking any of the profit share of the bought back tokens?
could you then elaborate a bit on what you mean with:
This means that we will issue them as bounties for further work done by internal and external contractors of BuildTeam. But likely spread out over time.
Aha. So youre basically working on slowing down inflation. ;)
You could look at it that way, it also instils confidence in the market that we are prepared to buy back our tokens, we wouldn't do so if we didn't believe in our own team and products obviously.