Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FAIR] Faircoin Dev team launch Faircoin 2.0 White paper. PoC
by
smartaction
on 13/07/2015, 14:33:27 UTC
Why not create one of the coop funds dedicated only to give stabilization of the coin and to punish speculators?

This is what we are trying to do with http://www.coopshares.net
Any support to help to build that project is welcome... and getting the liquidity need is very welcome

I want to make two separate 20,000 FAIR investments into CoopShares if possible.  Although it currently says €1.00 = 20 FAIR so does that mean that each 20,000 FAIR investment would have a value of €1,000.  Even though at the current market price of €0.017726/1FAIR would mean that the current market value would be €354.52 for 20,000 FAIR.

Yes, Coopshares use getfaircoin.net as a price reference.
Anyway if you invest in FIF (faircoin investment fund)   https://coopshares.net/2015/05/21/fif/
you will be able to cashout as a Fair, at least in 6 month. So, you will receive in principle 20000 FAIR when cashout - the same amount-, and therefore in this case the EUR reference not affects your investment.

The problem you mention affects when yo invest in FEHIF: https://coopshares.net/2015/05/20/get-faircoin-fehif/   And in this case the cashout of 50% euros and 50% faircoin will be based in getfaircoin.net reference.

Otherwise, as stated above, we need to cover that spread, asap...