Post
Topic
Board Altcoin Discussion
Re: [ANN] StableCoin ¦¦ A new breed of cryptocurrency ¦¦ Release: June 7 17:00 GMT
by
JimmyFL
on 07/06/2013, 06:27:32 UTC
An amount (0.5% of total coins) has been created by us to act as the  basis for this service. A small amount of these coins may be used for giveaways and bounties, as the community sees fit.

= 1,250,000 coins premined  Roll Eyes

EDIT:

An amount (0.5% of total coins) has been created by us to act as the  basis for this service. A small amount of these coins may be used for giveaways and bounties, as the community sees fit.

What do you mean by this? So you will already have 1.25m coins from the getgo to provide this 'service'?
A pool of "clean" coins is necessary for a service like this to work. Coins will be processed in a FILO (first in last out) fashion to ensure maximum anonymity. It will also be possible to use this service to send coins anonymously, the benefits of which should be obvious. It will be one of the core services that will set StableCoin apart from the competition.

All funds will be stored in a transparent fashion, fully accounted for, and traceable through a block explorer.
Hmmm