Looking at the current market in the short term, Invacio have decided to reduce the total number of tokens in circulation again. 10 Million tokens, made up from those purchased via OTC as well as Seed Investor Holdings, and reducing the number of tokens the company holds directly quite considerably, are being or have already been burnt.
Invacio’s Team and Seed Investors have confidence in Invacio’s long term success, so the team allowance has been burned by more than 50%, Invacio’s investors confidence in invacio is also long term objective so we are burned more than 50% at their direction, charity commitments 50% burn, operations 2+m burn due to external funds coming into play for group activities (not Invacio AAP Holdings).
— Concern over market conditions relating to ICOs in general has resulted in a freeze on Invacio’s position in regards to the CEAM ICO for the time being which allows this burn to take place.
Reducing the liquidity in the marketplace is the main aim of this token burn however let it be known that as and when or if Vadgama Blockchain is released in a public replacement sense, it may be necessary to re-issue up to 60 million tokens again. At this point all tokens on the market will be swapped out for the new Vadgama version and the additional tokens will be retained by Invacio and released slowly over time in line with operational requirements.
The total number of tokens for the Invacio contract moving forward will be 50 Million (ish). – It should be noted Invacio will continue to look at the market with it’s ongoing roadmap and this figure may change.