Post
Topic
Board Announcements (Altcoins)
Re: [MAINNET] [POW] [POS] KETOsis Coin- THE KETO CRYPTO! MAIN NET LIVE! 🆕
by
bitcoinbabys
on 15/02/2019, 22:26:14 UTC
Yes currently the team is reaching out to 6 initial vendor partners. They wanted to see actual product and a market to trade on. The exchange will list us soon and now that the coin is launched we can move forward with those vendors about a partnership


This is great news!  I'm really excited to see the traction that KETO coin receives.



And what precisely are the products that are ready to be shipped? Or is most of it still under development as we speak?

Well between all of the vendors there are a mix of products from Keto diet guides, Keto meal plans,  and individual keto goods to purchase as well. Once we see which will accept and which will not we will have a clear list of products offered

And the KETOsis coin is meant to serve as an exclusive form of payment? It won't have much liquidity for a long time I think, and then it is difficult to use it efficiently for purchases. Or will there be some kind of market making?

Yes for some. Not all will take KETO exclusively some already accept BTC and LTC. But that is not our main focus of the project to have a vendor platform. Our goal is to encourage the ketogenic lifestyle. Allowing people that currently practice the keto diet to earn currency for hitting their macros goals.. This may not seem that big, but its one of the most efficient ways to encourage people to get involved in crypto. Not saying we will have astronomical liquidity but enough for those on the keto diet to purchase the foods consumed while on the keto diet

Now I get it, but that's perhaps wishful thinking in regards to the whole implementation. How are you going to prove that someone hit their macros goal? I can't think of a reliable oracle system that would make this work. There are too many ways to cheat the system just to earn some coins and if someone finds out a way to cheat the system, that reduces the value of the coin significantly as it undermines the major use case.

No matter what we or anyone does, there will always be someone trying to cheat the system. But we are focusing on those that actually want to see results. We will have some that download the app and fake the stats to earn,but it will not be easy as there are extra steps for verification not yet released that will keep those from just putting anything into the macros counter. I would state what those steps are but I can guarantee once I say them there is someone looking for a way to beat it already!lol However I would lover more info on the oracle system you spoke of.. Feel free to send me a PM on that.