Quote from: dinobotta on April 26, 2017, 11:16:32 PM

Quote from: BioMike on April 26, 2017, 09:44:40 PM

Quote from: dinobotta on April 26, 2017, 08:56:49 PM

Quote from: Trukkur on April 26, 2017, 08:15:24 PM

Quote from: dinobotta on April 26, 2017, 07:15:41 PM

Quote from: ny2cafuse on April 26, 2017, 06:20:15 PM

Quote from: Trukkur on April 26, 2017, 05:32:36 PM

why 3540?

What's 3540?

-Fuse

Standard ordersize on isx and bittrex

3600sec / 61sec = 59blocks
59blocks x 2.5aur = 147.5 aur
147.5 aur x 24hours = 3540 aur

wow it's one mining day of coins

Bingo

I was the one who started that, but I noticed a few times that people are copying it, which is IMHO not a problem. I chose a value that I could use as a measure in how much dumping would occur, that could support the price (and keep it stable) and generate enough order size for merchants to convert back to ISK (although it is now also used for bag holders to cash out). Part of the dumped out AUR are transferred to ISX, initially as a way to transfer AUR back into Iceland, to provide a similar support of the price and again to actually build the support for merchants.

It's all part of building a system to economically support AUR to become a good alternative to ISK.

This liquidity for buyers and sellers is possibly the most important part of building trust in Auroracoin.

we will need a refill soon, pay day is coming