I love the idea but I'm not sure how to make it work. There was (or is?) a similar app for Bitcoin, that works in a way that is like this but different. Essentially what that app does is takes the amount of money you deposit and you will ALWAYS have that much, such that:
*You deposit $100 when BTC is $100 each - you have 1 BTC
*BTC goes down to $50 each - you have 2 BTC
*BTC goes up to $200 each - you have 0.5 BTC
When you make a withdrawal/payment, it is based on how much you had deposited. So your value relative to BTC never goes up or down; it is static.
*You deposit $100 when BTC is $100 each - you have 1 BTC
*BTC goes down to $50 each - you have 2 BTC
*BTC goes up to $200 each - you have 0.5 BTC
When you make a withdrawal/payment, it is based on how much you had deposited. So your value relative to BTC never goes up or down; it is static.
Ok, I can see how that would work..If you bought at $100, then right now you would have around 0.12 BTC? ($100 worth of BTC, not BTC worth $100)
This could work in the same setting, but maybe more use for the investors than the users. (ie: by supporting the fund for $100 they will always have $100 worth of DVC to pull out?) Possibly with a bonus plan that increases the longer they leave the funds there?
I picture a really simple interface for the users...users deposit DVC or cash and get DVC or cash in return. From that point it gets complex lol
I will have my first Devtome payout this month so maybe I can start building the pool with (some) of that (yes I have rent to pay too!) but will have to have it at a pretty solid working stage before I can expect other investors..and it still an idea
Yep, you got it down. The investor platform would be a bit different, but in terms of maintaining value in all the coins I brought it up since they both do that (just in different methods and for different purposes -- the app does it in the reverse, maintaining USD->Coin value, whereas we want to do Coin->USD value).