Questions and Answers

Question 1:

Which public blockchain will the PLBK token use?

Answer:

PLBK will use Fusion network (learn more about it, here). But, thanks to Fusion’s brilliant tech and DCRM cross chain technology, PLBK can easily and smoothly be routed to Ethereum Network or BSC (Binance Smart Chain — read more about it, here).

Question 2:

Does the PLBK token have a token sale session?

Answer:

No. PLBK, the PullBack ecosystem token, will not be part of any token sale. All PLBK will be distributed to the community for free, in exchange for performing various tasks that will be requested over time from early adopters.

What tasks do I have to complete to get the PLBK token?

Please read below, we will provide all the details and even more information will be available at the next website update.

Question 3:

Does the team or the company have any allocation of PLBK?

Answer:

No. The team and the company do not have any allocation of PLBK.

Question 4:

How does PullBack, the company, make money?

Answer:

There are multiple ways of monetization for PullBack, as a company. Some of them are evident and can be shared as of now and others are still in progress. More information will be released at a later stage.

To begin with, PullBack users will pay a fee to the company (in a decentralised way) when starting to use the automated financial services built within the application. Examples of such services are cross-chain swaps, getting loans or opening auto aggregations / split accounts with friends and partners.

We are evaluating multiple revenue streams connected to upcoming features. Further details will be shared at a later date.

Question 5:

Does PLBK token have value? Is PLBK a kind of governance token?

Answer:

No, PLBK does not have any value.

However, PullBack, as a company, will use 25% of the profits to buy back from DEX and burn PLBK every quarter. This means that PLBK holders virtually hold 25% shares of PullBack, although PLBK holders do not receive any dividends. But, de facto, using 25% of the PullBack profit to buy back and burn implies that the holders share in the success of the company.

Question 6:

Is there any other usage of the PLBK token?

Answer:

Yes. There will be multiple uses, in progress at the moment and to be shared at a later date, when the application launches.

For now, we can share that PLBK will be used to exempt the fee applied the moment the user benefits from various features of the application. This exemption can be for a longer or shorter time frame and we also reserve the right to add, remove or modify the uses of the PLBK token, in synchronization with the product development and strategy.

Question 7:

How do we get PLBK tokens?

Answer:

We planned a staged release of the product, in order to engage communities, validate various strategies and gather social interest in multiple market segments. We aim to give every early adopters the chance to earn PLBK tokens ahead of the application launch time and use it when the product is out.

Everything will be very simple.

Before the application is out, users will be asked to perform several tasks on the website. For each task they will be rewarded with a specific amount of points. The ratio between a point and a PLBK token is 1:1. All the points collected on the website will be transformed into PLBK tokens at the product launch.

Example: If you collected 1.000 points on the PullBack website, you will have 1.000 PLBK tokens at the time of the launch.