Post
Topic
Board Altcoin Discussion
Re: SCAM??? VICE ICO PRESALE
by
Serinitty
on 14/01/2018, 19:53:21 UTC
Alright so despite my own concerns about exchanging the platform token back into the ERC20 token and the telegram rep telling me that we wont be able to..(edit: the telegram basically just admitted she has no idea about these fine details. I suppose thats to be expected from a community rep thats placed there to mostly answer the same stuff in the pinned post over and over and over...)

I pulled this from the whitepaper.

"The Vice Industry Token offers immediate liquidity by offering two
conversion methods. The first is through a decentralized exchange as
part of the Vice Industry Token Protocol utilizing automated market
makers to standardize the value of tokens relative to other currencies
(both crypto and fiat). This allows users to have a real-time sense of
the value of their tokens, and the ability to convert them on demand.
The second method is through existing exchange markets, where
bids and asks are done by human participants, enabling transactions
of tokens for conversion to other currencies"



So it sounds like they will essentially make a mini exchange on the platform where people decide how much the non ERC20 token is worth.