Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NO ICO] 💰Smallchange: Insure your coins before you spend them💰
by
AIRCOINDEV O
on 23/12/2017, 19:47:52 UTC
You've got my support.

Neat, here's how the system works:

New cryptocurrency buyer, A, wants to buy the latest trending cryptocurrency flavor (or maybe has a legitimately well-researched trade they think they'll profit from).
    Smallchange Service then accepts A's payment (in one of our preferred currencies) for the said cryptocurrency, takes a small fee depending on which of our 4 levels of insurance they've chosen and keeps the rest in our accounts.
    We then sell the market equivalent of the rest of A's payment in our own cryptocurrency, Aleph for A's preferred currency. We have a premined reserve of our own currency for this.
    We give A a receipt w/ their exchange Time Limit that they can sell the currency back by and other useful info.
    So long as A returns their cryptocurrency from the address we deposited it to and shows their receipt within the Time Limit, we return their original payment (minus our fee of course).
    Why would other people provide buy support for our cryptocurrency: We buy up our own currency using our fee we charged A, then we keep that currency out of the market, effectively shrinking the total supply of coins.  Because the total supply shrinks, the value of each coin increases. This is just one of the ways we'll provide buy support for our coin, there are other ways coming. Keep in mind we will only sell our coin from our site before it hits an exchange, after that we'll provide signals to tell everyone when we're selling and how much. You should only buy from us when we're selling to make sure those fees we took enter the market faster... and you should only buy it from us beforehand.