Post
Topic
Board Announcements (Altcoins)
Re: [ANN][IND] Indicium - Index Funds on a Blockchain Agnostic Protocol
by
FandangledGizmo
on 21/04/2017, 21:43:53 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.

Thanks for the reply, that's very interesting, of course it requires an element of trust but no more than you trust traditional exchanges.

We're seeing POSW do very well at the moment because even though it requires some trust too it vastly simplifies the process of staking coins and so too this seems to be a product that greatly simplifies alt-coin investing and would also be appealing to larger investors who want exposure to various sectors of the alt-coin market without having to study it too in depth.

Good luck