Quote from: cryto4rig on July 05, 2013, 03:55:51 PM

Quote from: baritus on July 05, 2013, 03:32:44 PM

Hello,

The purpose of this post is to complete the Argentum giveaway and to announce some important news.

News
The Argentum Bank will be completed before the Digitalcoin Bank due to the availability of initial ARG capital. The ETA for the ARG Bank is 1-2 months. The bank will initially issue options at a price of 0.0003-0.0005 ARG/BTC. That means the bank will sell and buy back ARG at 0.0003-0.0005 ARG/BTC. This rate will change with the market, but only upwards.

If you don't know what the bank will do, you can visit http://digitalcoin.co/forums/index.php/topic,4.0.html. The ARG bank will perform the same services listed there for Argentum.

The DGC bank will follow once enough capital has been raised to back the initial options offering. Both Argentum and DGC should benefit from an interlinking of the banks and the ability to purchase precious metals using the sister currencies.

Giveaway
Alpha had not completed the giveaway and 20,000 ARG still remain. I have chosen, with the help of the community, to assign them based on Quantum Meruit, or to whoever deserves them. Therefore, 10k ARG are reserved for bounties; and the other 10k for any community members that show merit.

Comments
Alpha has donated over 100k ARG to the bank. This enables the service to easily match demand and to provide for assets(BTC, fiat, precious metals) backing ARG directly.

DigitalCoin Bank? LOL I didnt know you could kill something that was already dead... what a joke.

DGC is one of the leading altcoins, what are you talking about? Wink

Let's see how this works out, will keep an eye out Cool