Post
Topic
Board Announcements (Altcoins)
Re: [ANN] TagCoin - The World's First Rewards Coin - Released
by
tagbond
on 04/11/2013, 14:34:40 UTC
I have a problem with the aesthetics of mTAG...I like 3 letter combinations..lol..

But seriously, if it was 1 TAG @ $1, with no division then Tagbond won't be able to use just TAG - it would make it a total market cap in the first year of around $3.8m if priced at $1 - think about the rewards market and what it needs to fulfill that, you'll see if we do what we plan this is not enough. We will have to use both BTC and TAG as rewards.. perhaps things will be paid in BTC, but rewards given as TAG and then you can cash in your TAG for stuff you can buy or trade back to BTC. Who knows how this will pan out. Totally new territory. But the bottom line is using crypto as a universal rewards currency that all businesses can value - I am fed up with points I earn at starbucks, SM Mall (here in Philippines), or other places, and then not knowing the value of those, or where I can spend them, or the fact that I cannot use them anywhere else. And if I do want to use them, like airmiles, all sorts of restrictions come into play. So this is what i want to change, and crypto currency gives us a chance to do that.