Name: Trend Token
Tokens for Sale: 120M/200M
Start Date: February 8th, 2018 at 12PM EST
TrenditStudios will increase token demand by offering payment and advertising discounts for payments made using Trend Tokens. For example a clothing company is charged 100,000$ by Trendit to promote their new trend. If the company chooses to pay in Trend Tokens, TrenditStudios will offer them a 20% discount, saving them 20,000$.
Everytime payments are made using Trend Tokens our payment smart contract, part of the DAO (Decentralized Autonomous Organization), will automatically burn half of the tokens used in the payment. This process will continue until only 100 Million trend tokens remain in circulation.
Every week the DAO will calculate the total number of new pledges each user accumulates, and pay them a share from the available user acquisition tokens. Once the platform reaches a profitability threshold, Trendit will start paying users 50% of platform profits in Ethereum along with Trend Tokens. Rewarding people has been a proven method to acquire a strong user base.