Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Silk Network: Silk(SLK), DarkSilk(DSLK) and Weaver
by
bigrcanada1
on 23/09/2016, 21:26:22 UTC
When a client buys DSLK at Weaver, Silk Network will match its value in SLK to buy back the released DSLK.

The accepted BTC that has been acquired for DSLK will then be used to buy back the SLK collateral that has been set out at purchase.

Over time both orders get filled.


And over the time the team get rich with the 5% lesser BTC price at Weaver compared to c-cex

It is no secret that there will be a x% gain from this mechanism. The mechanism needs to operate at a profit to ensure longevity, but yes profit is also made to ensure income to the organisation, you can read about it in our brochure. You are wrong however to think that we will bypass exchanges like c-cex, market prices will be cheaper. It is not by discounting that we gain, but by taking price impact into account for the big boys.

what is the current rate of return per 100/k silk on proof of stake?