Upcoming CitiOS IEO and the Bombing Strategy — Buy one token, burn 50 tokens
CitiOS just keeps on getting better. The project was launched some months ago and we are only counting some days to the launch of its Initial Exchange Offering (IEO), which shall be offered by Probit Global Exchange.
The Probit Global Exchange is a professional digital currency exchange with quite a large following and it offers one of the best platforms for an IEO of such a great project like CitiOS. To investors this IEO is a great investment opportunity for investors looking for a chance of being part of the CitiOS project.
When is the IEO scheduled?
The project managers have tentatively placed the IEO launch date as 31st October.
Investors shall be allowed to purchase R2R tokens using Ethereum (ETH), Bitcoin (BTC), US Dollar Tether(USDT), Ripple ( XRP), and ProBit Token (PROB).
The Bombing Strategy
The CitiOS IEO shall be a unique IEO. The project managers are planning to introduce a bombing strategy where for every one token bought, 50 tokens are destroyed.
You might be wondering why are they destroying the tokens instead of letting more people purchase them so as to raise more funds?
The total number of available R2R tokens (1 billion tokens), is too large and it could cause inflation if all these tokens were to be released to the market. That is why the project managers are looking to introduce the strategy of destroying some of the tokens depending on the number of tokens that shall be purchased during the IEO.
This is a perfect way of keeping tokens available for the IEO supply while at the same time ensuring that the supply of the tokens is gradually reduced.
However, it is worth noting that the only tokens that shall be destroyed are the tokens that have not yet been purchased. Therefore, if an investor buys 1000 tokens, he/she shall hold the 1000 tokens while 50,000 unpurchased tokens shall be destroyed.