Community Update: All ELI tokens, not sold in our crowdsale, will be burned
By listening to our community and taking its voice into account, we have made an important decision. We will burn all ELI tokens that will not be sold in our crowdsale.
What is token burning
This simply means that whatever number of ELI tokens that will not be sold in our crowdsale will be destroyed forever. If we combine that with the fact that there will be no more ELI token generation events in the future, it means that the token supply will remain fixed. It will also prevent Eligma to hold a large percentage of ELI tokens and have a too large of a share in the ELI token economy.
The Eligma crowdsale
We were considering this option for a while and the feedback we received from our community only confirmed our reasoning that this is the correct way to move forward. You can still participate in our token crowdsale until 8th May, for which we have also locked the ETH exchange rate at 800 $.
Don’t hesitate and join us in creating the future of commerce!
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