RE: Token burn10 Feb 2025 10:21
Morning Ftang
I’m an ‘older’ long term investor, I’ve been in the markets many years, and bought a big chunk here some months ago at a great price, so perfectly happy just to sit this out and watch the Company grow, I think this has great potential with super smart CEO AT and brilliant entrepreneur/empathetic people skills PW , a great Combo, along with the rest of the super smart crew.
So, like 95%, I’m new to Crypto and still navigating my way around, also, like many, am disenchanted by our legacy ‘Fiat’ currencies and legacy banking, and looking for alternatives.
I’m a TAP account holder too, hold XTP & have ordered my physical card, I’m interested in ‘Locking’ XTP for the cashback rewards, it looks interesting.
So, my question to you ( I’ve selected you as you are a regular sensible poster) but other’s welcome to join in, I assume the 14M XTP burn is to primarily reduce XTP ‘freefloat’, thereby potentially increasing XTP value with some open market purchasing of the Token?
The BOD are clearly very aware that if XTP starts increasing, the likelihood of more clients ‘Locking’ XTP for increasing cashback rewards ( in increments up to 8%) will increase, especially if that staking comes from what will effectively be ‘free money’ by the fact of the tokens increase in Value.
This is the ‘Flywheel’ effect that AT and financial broker reports have been suggesting will happen.
It appears to me that the BOD are initiating momentum with this strategy.