Quote from: 5o5kY on August 07, 2018, 03:53:22 PM

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In short we know our business and we know our financial limits. We accept high-class merchants only meaning that they have to be in their field for at least 5 years and we have a longer list of metrics where we evaluate our partnerts anyway. Obviously the higher the income of a merchant the less likely that it will sell Tokens for less then what they bought it for. Also most of our merchants have some investment strategy on their own. Most of them are actually pretty familiar with the stock market. These merchants wont panic in case of a dip. But on the other hand we have to show confidence in our project buy making a contractual promise that if nooone else is willing to buy their Tokens, at least the issuer will.

Again price volatility is something that we are used to in crypto. Most of the general businesses wont accept it. They will gladly accept an increasing value but not the decrease. I mean they wont tolerate a -10% dip in one day thats for sure. So we can decide whether to face this and say I am confident and you can count on me. Or we wont make it through to mass adoption.

I assume we talk about the price volatility pegged to $, which brings me to my concern: This system works if the coin can be used outside of the closed ecosystem. I don't understand why a merchant would complicate his life dealing with the market, considering he still uses $ for his daily purchases.

If this would be adopted by, let's say, a super-market brand, I see how it would work, because the token becomes useful for buying daily necessities, but again, why would a business do that outside of a possibility for the value of the token to increase in price. If the $ is stable, using a token seems like an extra headache.

To sum it up, I don't know how many people with business share our view regarding the long term instability of $, they just care about having a working business, from which he can withdraw profits in whatever currency that is used somewhere else.

Hi there !

Thanks for your constructive comment and in fact you are totally right. Your point is that why any merchant would accept crypto if not for future prcie gains. This is a really good question and in fact it could have been a weak point of our project. Or any crypto project really.

Here is our answer: An diverse audio guide application that leads crypto customers directly to the premises of the acceptance point. So the short answer is we guarantee new customers to show up with crypto. You are totally right wihtout this aspect not many merchants would be interested. In fact the management gets this objection all the time. Merchants refuse to accept crypto becuse they say noone has ever wanted to pay with crypto in their shop. So why would they accept it ? From who ?

That is why we came up with this business model. Your question leads to the main pourpose of our application! Very important question thank you. Cool