Post
Topic
Board Altcoin Discussion
Re: CORION - Price stable cryptocurrency - Always around $1
by
db71
on 26/11/2017, 14:00:32 UTC
Don't twist my words. My request was simple. What technology do you have in place that will ensure that price will not continue downward? New coin or whales or not, what if people think your coin is shit and everyone sells, what the hell are you talking about when you say price will remain at $1?

Cmon, you offer 2.5% dividends daily? Do you expect people to fall for this? Sorry but until you give more details, this smells like a ponzi scam.



I don't twist your words. If everyone sell at the same time, then CORION is dead. This can happen with all coins or normal money (fiat).

2.5% is not a daily dividend. It could be up to 2.5%. Last couple of weeks is was 0% Just the past day there was 4 times an emission of 0.3% so together 1.2% in a day. Today nothing, cause there is not enough demand.

So not a Ponzi scam. Only when there is demand, there will be emissions.

Just compare with other cryptocurrencies. Take BTC for instance. People are mining new BTC. This will increase the market cap. If there was no demand for BTC, then the price of BTC would drop. But there is demand and the price is rising so there is profit for people who keep BTC. CORION works slightly different. If there is demand, the price would rise like BTC. But now new coins will be released to drop the price again. Those new coins are divided to all CORION holders (who are connected to a provider) so like BTC you gain profit, not because the coin is worth more, but because you get more coins.

Both BTC and CORION generate profit when there is demand. So they are not that different. The only thing that does really make a difference is that BTC can fluctuate enormous but CORION will always be worth around $1 (unless your doom scenario kicks in)...