Post
Topic
Board Announcements (Altcoins)
Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol
by
Indicium
on 21/04/2017, 21:24:40 UTC
We do not have plans to provide liquidity for any pegging operation.  We intend on holding 100% reserves using multisig addresses and automated trading bots.  Customers will be able to buy or sell their index token for an equivalent amount of Bitcoin from Indicium directly (more similar to Tether than Bitshares or Nu).  This is not to be confused with IND as offered in the original post, which represent ownership in the DAC and have no guarantee of value.

The total initial distribution will be 100k IND tokens.  We have no current plans to further dilute after Series B, and will perform a token-holder vote before doing so.