Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NOLLAR - first USD stablecoin with instant & feeless transactions
by
cubinkt
on 28/01/2019, 13:01:44 UTC
This is interesting but I think you could do a better job explaining it. For instance, NOS is a utility token.

It gives a 50% discount on conversion from/to USD/Nollar??
How does that work, is it 1 token per 50% discount? So if I want to convert 10 Nollars to USD I need 10 NOS to get 50% discount n the fees.
What are the fees and how are they regulated and who decides this?

Where can I buy NOS? How much are they currently costing? Can they even be traded?

How many NOS are there going to be at maximum?

Are you planning to burn them as part of the fees, I think I saw something like 20% of NOS will be burnt with each transaction?

How will that help since they will only ever have vale of 50% of current fee?

Maker have a new tech about to arrive that will allow ~500 transactions for 1 us cent making feeless seem less of an attraction with the conversion to/from USD costs of this coin.

This all sounds good in principal but seems to be full of holes. This causes lots of red flags to go off for me.

Please set me straight.