Post
Topic
Board Announcements (Altcoins)
Re: [ANN][TKS]TOKES Platform ICO LIVE| Blazing the Blockchain |CannabisRevolution.us
by
logictense
on 07/12/2016, 22:13:47 UTC
If the pegged token will be used for commerce, please explain what the other token is for and how it will appreciate?


Hi Jahras. The primary token for commerce with customers, and businesses accepting the currency, will be tokes. Businesses can determine if they'd like to utilize the pegging mechanism and convert between tokes and 'tokesUSD' (placeholder name) depending on their willingness to absorb the volatility risk of the currency.

Real currency pegs are useless for merchant acceptance. Payment processors will operate the native unit of a toke, not a peg thats found in ccedk jungles or openledger. Peg is to aid the conversion rates of pairs traded between exchanges. In this respect, I think, currency pegs are useless as long as tether provides the better means of uniformity.