We have been told that one of the problems with eGold is the volume, which tends to be low (even when it highly increased over the last few days). To solve this problem, we have came up with a solution: a buy-back program.
Our solution aims to re-buy over 10% of the coins every year, which will be a reserve of eGold, which will be re-invested in heavy marketing and development of our platforms. We also believe that this buy-back program will increase our token value, as we will hold the coins.
Another possibility is to burn the coins after the buy-back program, which would drastically raise the price of all the other tokens, as the supply would go 10% less every year, making our token more rare as years come by.
We will start our buyback program aggressively as soon as our lending platform begins.
What is a ‘Buyback’?
A buyback, also known as a repurchase, is the purchase by a company of its outstanding shares that reduces the number of its shares on the open market. Companies buy back shares for a number of reasons, such as to increase the value of shares still available by reducing the supply of them or eliminate any threats by shareholders who may be looking for a controlling stake. (Source: Investopedia).
Please keep contacting us with ideas about our platform, we can all make eGold the lending currency of 2018.
