DTC buyback

All the details of buyback are given in White Paper published online. We plan to spend up to 20% of the project revenue for token buyback monthly, with the most of the tokens removed from the circulation. Since the number of tokens is limited and it decreases, their price will permanently increase. That is completely new approach in ICO, absolutely fair and clear for investors.

The buyback is made with a smart contract as follows:

- DateCoin places a fixed price (in ETH) smart contract to buy the tokens with the closing date in five calendar days.

- All token holders are informed via DApp (decentralized application) about the opportunity to sell tokens.

- As token holders offer their tokens for sale, the total amount of tokens in a smart contract increases.

- At any time, the exchange rate equals = #ETH / #tokens. Evidently, the less tokens are left in contract, the more favorable is the exchange rate.

- If the sellers are not satisfied with the current buyback rate, they can withdraw their tokens, thus reducing its total number and improving the exchange rate for the rest.

You can send and withdraw tokens before the closing date of the smart contract. After this date, the number of tokens is fixed and ETH is sent to all participants proportional to the number of tokens left in the contract.