Dear @shanghaipreneur

Is anything ever sold into fiat?

Not by me. However let's I would use those raised steem for promoting purposes (mostly steem-bounties), perhaps to reward few people supporting my growth on daily basis (to avoid transfering funds I would bost their publications with upvoting-bots).

Where does the fiat income come from?

I would have my business legally registered and I would offer my services to Polish IT businesses looking for forign exposure (in english language). Those companies would receive invoices, taxes would be paid. And I would use part of profit to buy-back earlier realeased tokens and burn them.

This way whoever would purchase my token, would know that supply is constantly shrinking.

Yours
Piotr