I think a more detailed explanation is needed here. The 25 mln NCDT that we hold as a company is to be reduced.
29 Jul 2023, 15:54
I think a more detailed explanation is needed here. The 25 mln NCDT that we hold as a company is to be reduced.
But it will not be a dump, as with many other projects, because we as nuco would damage ourselves in the long run. Every project that has done this either no longer exists or has disappeared into nirvana with the reputation of being a scam. Of course we don't want that.
Of course, costs for marketing, exchange listings, staking pools, influencers etc. have to be borne. These are to be taken over to a large extent from the company reserve. However WITHOUT that these are sold before by us. In other words, we will NOT be dumping.
In the case of staking pools, the tokens will of course be issued to the stakers.
In the case of Influencers, we will select those who.
A) believe in nuco and will not dump the tokens directly to the market and
B) should ensure this with appropriate contracts. Of course, we cannot prevent this should someone sell the tokens directly contrary to the contract.
What many may not know, Exchange listings usually run as follows:
A) Exchanges want FIAT or major cryptocurrencies like BTC or ETH or USDT.
B) Exchanges want tokens, of the projects, which they can then dump. In this case, there will be sell pressure.
Accordingly, only variant A comes into question for us, of course. For this, of course, liquidity must be kept in the company. As mentioned above, other marketing costs should be paid with NCDT. However, only to contractual partners who are also willing to hold the tokens for the long term.
Fortunately, we now have a correspondingly high liquidity, which will logically increase through even more marketing to absorb the sale by individuals.