If you're asking about the upcoming NAI event, scroll back one message. : )
No im talking about AllianceBlock Nexera Tokens and not rALBT
Regarding burn mechanisms for NXRA, the AllianceBlock team has recently shared some light on this: Buy backs or token burns are a regulatory nightmare and cannot be done anymore if you don't want to be classified as a security. To add: an alternative mechanism is being worked on to replace this that is compliant and has a real purpose. Buybacks and burns on itself have no real purpose (except maybe if you’d like to be a security by introducing a deflationary mechanism). So stay tuned for announcements as AllianceBlock talks about this kind of development. : )
Ok it's on building ?
I'm sorry for missing this question -- could you clarify what you mean by "on building"? The team is working on an alternative mechanism that will be compliant and has real purpose/utility, for sure, and they'll post about it when they're able to share with the community. : )
You're welcome! : )
Heya, is there any update on the alternative mechanism that was to be brought about 👀🙌
No update as of yet but there will be an announcement soon regarding the new mechanics.
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