Suddenly people dumping their TRST,don't know why but people will regret later.
It depends what will be the result of the launch of the rosca platform. Though it is good time to buy more with dumps. Also some bounties being dumped.
When is launch rosca platform ?
@5thangel: It is alive and kicking! Kindly check out:
https://rosca-test.wetrust.io/tutorialROSCA is awesome concept.In your example about ROSCA in the link you provided,Each participant contribute $10 each round and participant with the lowest bid wins the round but after the end of all rounds,some participants made more money than their contribution (Diane in your example get full $40 in third round and also from fee of 1st and 2nd round respectivly) while others get back less than their contribution.Why is this disparity?
@btvGainer: This is a great question. The example you are talking about is called a bidding ROSCA (there is also a lottery ROSCA which is a bit different). In this case some people will end with more than they invested (we can call them the savers) and some with less (we can call them the borrowers). The incentive for the borrowers to participate in a bidding ROSCA is an early access to funds, similar to a loan you can get from a bank , but often with a lower interest rate. A borrower will get the pot in the one early rounds of the ROSCA, after winning it by bidding lower than the others. The difference between his bid and total funds in the pot is divided between all the ROSCA participants and at the end is calculated as part of the interest the borrowers pay and the savers earn (which is of course different for each participant).
Please let me know if you have more questions!