Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ALAX - The Blockchain Game Platform for Emerging Markets
by
MandatoryOption
on 27/03/2018, 17:26:26 UTC

We have two tokens - you can find detailed info about them in this blog. Here is the comparison:


The ALA will be simply pegged to FIAT so there won't be fixed exchange rate to ALX. ALX is the token which will participants of our TGE get.

I cant understand, why you want to create 2 types of tokens? Only ALX will be selling on TGE?

It was explained on this page...

Quote
A lot of our future customers will be just ordinary people who will want to buy a game. They do not know anything about crypto and maybe they even don't want to get involved in it. We have to have this in mind. It would be very stressful for them if they would buy some tokens one day and another day it would have totally different value. This could discourage them to switch from current methods of payments and that is something we definitely don't want to do.

This is to make prices look stable.

A very interesting system you got there going with two tokens, I haven't seen anything like that yet. It should work for both people who have cryptocurrency and for those who don't. Looks really promising, I wonder how it will function in reality.

To be honest, I don't really understand how this ALA token will work. Will it be the same as USDT? So for every ALA Alax is creating they need to have a certain amount of fiat on their bank account?