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Topic
Board Alt Coins (India)
Re: Trestor - A confirmed cryptocurrency scam !
by
chokho
on 05/07/2015, 14:05:26 UTC
According to wikipedia, Market Cap is equal to the share price times the number of shares outstanding. In this case, a share is comparable to a Trest. Since, 1 Trest = 0.01 USD, and a total of 100 Bn trests are there; the market Cap is $1 B.

The next question, why does the price does not fluctuate or stays fixed?
As of right now, market price for trests does not fluctuate much because Trestor Foundation is actively engaged in market-making activities around that price. Over time, as more and more trests are out in market, our ability to make the market would go down.

Next question, if Market cap is 1Bn, then why isn't it listed on Coinmarketcap.com?
Trests are not on Coinmarketcap because Trestor hasn't yet made an effort to get listed on an exchange. However, the Whitepaper, Tech-Draft, APIs and the source code is open, http://trestor.org/source. (Small parts of code are still not added there as they are being worked for some improvements.)

Here, we believe that decentralization is a process, not a final state. Trestor is on track to make Trestor network (T-Net) fully decentralized. As of right now, the entry barrier to run a full Trestor node is high. We are accepting applications from academic institutions interested in running a Trestor full node, and upon successful due diligence process, they will run Trestor full nodes (Validators).

Trestor's control over T-Net will be over in near future. By October 1, 2015, T-Net will be fully decentralized and anyone with minimal resources would be able to run a full node.  At that point, we will be far more decentralized than Bitcoin or any other cryptocurrency.

For Further discussion, please post to main thread: https://bitcointalk.org/index.php?topic=1106047.0

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