Post
Topic
Board Announcements (Altcoins)
Re: [ICO=OPEN] CombiCoin: the cryptocurrency that is 100% asset backed by the top 30
by
SMF0119
on 14/09/2017, 07:28:25 UTC
Buying 30 different coins one by one is costly due to transaction fees, so investing in one coin that does this for me seems cheaper.
Hmm. I do not think that backing assets will be bought for each coin separately. Most likely, it will be provided by the creation of a pool of coins, or some stock of backing assets.
In addition, buying and selling will be carried out on exchanges, therefore, it will not be a transaction fee, but an exchange fee.

But the question is really good! Let's wait for a response from Don.

Paying 0.25% exchange fee on 10 USD at once or over 30 transactions of 0.33 will result in the same fee at the end.
The bigger Issue is that it takes a lot of time and effort to be able to buy the top 30. Multiple wallet, multiple exchanges. With CombiCoin is just 1 transaction, 1 wallet, 1 exchange.