Ninjastic
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Board Announcements (Altcoins)
Re: [ICO=OPEN] CombiCoin: the cryptocurrency that is 100% asset backed by the top 30
by
SMF0119
on 13/09/2017, 10:20:33 UTC
Quote from: pietpeer on September 12, 2017, 08:16:27 PM
Quote from: SMF0119 on September 11, 2017, 10:13:31 AM
Quote from: freqenqerf on September 11, 2017, 09:44:30 AM

Quote from: Gambit1306 on September 10, 2017, 07:05:35 PM
Could you list your competitors, and what distinguishes you from them?
I suppose, competitors are Iconomi, Taas, and some others. But they have a different idea and realization.
Maybe, such a comparison would be useful, although I have no idea what the criteria for comparison can be. Can you tell the team what exactly interests you?


Iconomi is indeed a competitor. Major differences are that we are actively managing the assets to diversify the risks. Also we do not charge an entry,exit or management fee. We include the top 30, others have a more limited selection with a higher weight on BTC and ETH. CombiCoin diversifies evenly across the top 30.

To buy the top 30 yourself you will need to use multiple wallets and exchanges. With CombiCoin it is just one transaction.


The 50% profit share between Triaconta and the TRIA token holder does seem to look a lot like a (high) performance/management fee or carried interest. So I'm not so sure whether you can state that no (implicit) fees/profits are paid to/withheld by Triaconta.

Hi Piet, lets debate Smiley.

So for managing the CombiCoin assets we do not charge any fees. If CombiCoin assets increase with x% over time we do not benefit from this at all. We do not take a small % of the growth of the assets. This is all for the owners of CombiCoin.

If someone wants to buy or sell CombiCoins they are free to choose to whom they sell it.

Triaconta is a separate company that will keep the exchange rates of CombiCoin close to the real value of the assets. Triaconta's trading software will be connected to 10+ exchanges and will continuously check for how much it could buy and sell the assets of a CombiCoin. It will create a buy and sell order on the exchanges. Anyone who wants to buy or sell a CombiCoin is free to choose to whom they sell or buy it. If they choose to sell it to us then we destroy the CombiCoin and sell the assets backing it for as much as we can at that moment. If someone wants to buy from us we will create a CombiCoin and buy the assets backing it for as less as we can.
Triaconta will make some profit in both instances and distributes 50% back to TRIA token holders.

All transactions that we are not a part of we do not benefit at all. Again, its everyone's choice whom to buy from or sell to.