Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] Polyswarm - The first decentralized threat intelligence market.
by
Nathan01
on 07/03/2018, 17:35:04 UTC
My only CONCERN:
I heard an interview with CEO of polyswarm, he was asked why NTC token instead of ETH? He responded, that NCT will provide more stable price. Does this mean the NTC price will be pegged? That would pretty much decrease overall ROI. Any thought on this ?

There is not a single word in the white paper about NCT being pegged to anything. I don't know the interview and the respective context, but I don't think he was referring to a price peg.

The whitepaper hints that speculation with NCT "economically disincentives speculation":
"As a utility token, PolySwarm economically disincentivizes Nectar
speculation by rewarding honest market participation through the
collection and distribution of Fees (details on page 6) to valueadding,
active participants."

I don't fully understand the mechanics, but feel I should before investing...





it's also hard for me to understand, but I think that means tokenholder will be helped to earn the fees. So they want to prevent too much speculation with the tokens.
Or it's the other way around :-)

From my understanding I think they plan to reward on fees which maybe in eth and not In NCT token so that the value of NCT is not subjected to speculation.