Post
Topic
Board Announcements (Altcoins)
Re: ANN: An Introduction to VIVA and the VIVAconomy with ICO Details
by
DawnParkerWaites
on 01/05/2017, 01:16:15 UTC
You are thinking about this like it is a deflationary currency, which VIVA coin is not. Supply does not matter in the same way.  We mint coins when the price goes above 10% and we will contract coins when the price goes below 10% of our target. At the moment the market is just Tradeqwik, it is the sole standing mint in the system. We mint what is needed to keep that market stable.  Where investors can make a boon, is knowing that these mechanisms kick in and you can buy and sell depending what VIVA coin is doing. We are using supply and price as co-modulators, supply modulates the price and price modulates the supply.