Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Terracoin 1.0 (TRC)
by
clockuniverse
on 27/03/2017, 21:09:05 UTC
I have been following Cryptopia for quite some time now... lots of coins have faked volumes, not only TRC. The same thing seems to be happening in NovaExchange. I think that it might be the exchanges themselves creating the fake volumes, aiming for more users. The exchange does not lose anything by doing this, as all the "profit" will be recycled.

For example, I made a bot that was trading TRC (among other coins), but it could never catch those big trades as they were done in small fractions of time.( I realized I cannot make any profit with my bot on Cryptopia and I'll port the API to contact Poloniex instead when I have the time.)

I actually purchased a bot to see if I could catch those big trades and I couldn't either.  My bot does make a profit on Cryptopia no problem though.  Those big trades are just ignored because they appear and disappear too quickly.

I was just using USD as an example.  It could be paid out in whatever.  We would just want to set a reasonable percentage of return.  I was suggesting 20%.
An investment can come in a variety of shapes too, such as time and effort.
The fluctuation of BTC is such, that 20% of profit in BTCs is very different matter than 20% of profit in USD.

Generally speaking lets discuss the condition for sponsoring the masternode creation project, so once it's clear what one can get from it maybe many BTC, USD or TRC holders may begin to send you funds.


If people are unwilling to donate their money or time to improve the coin (which is an investment in itself), then I will post up a more clear picture of what I was talking about.

We are already working with a new volunteer web developer and I am talking with a couple of other coin developers who may want to join the team.  These people are only interested because we are implementing the DASH decentralized governance.  Both devs are struggling with time constraints so if they can't help then we could go with paying a one time fee to someone, but I would like to only do that as a last resort.  I want people to invest in the coin to see it improve.  Those will be better team members.

Hope that makes sense.