Delta-X creates Blockchain Coins with FIAT related liquidity as security. Unlimited possibilities with real-world applications. 100% Company profits will be injected into coins and coin holders (50/50 ratio) DLX will never depreciate in value and will be an investment.
If you use FIAT as collateral, who will have a look at the FIAT money and take care of it? Do you also have a ratio in mind for the FIAT to crypto collateral?
Thank you for this excellent question.
So the ratio of fiat to crypto will be the initial value of the coin.
When the exchange goes live, there will be a spread, Delta-X will buy back coins at a price of $0.20 per coin and if you want to buy from us we will sell it for $0.45.
but as all the coins will be sold in the ICO there will not be any available for purchase unless some of the investors cash out.
So the coins will be backed at a value of $0.20 per coin.
However, by the time the system is in place for the coins to be used as payment for goods and services, we expect the value of the coin to have increased enough for there to be zero spread. More detail on this in a previous reply.
Regarding who will be taking care of the fiat.
Fiat collateral will be kept in banks for immediate payment (Exchange withdraws/escrow and also real-world payments using DLX. We will have a independent audit firm who will audit our system and bank records as this is requirements for SEC and to have a fully transparent system.
I hope I understood your question correctly.