Post
Topic
Board Announcements (Altcoins)
Re: [Pre-ANN] [cBux]Welcome to the first ever community based stable-coins.
by
holydarkness
on 06/05/2019, 21:55:49 UTC
People get this token for free, so they'll mostly feel no burden on parting with them, which means, dumping once exchange arrived is a very possible scenario. So what'll ensure dev can maintain the price at 1$ or what good reason/benefit that this token have that will persuade people to keep holding and accumulating?
It may fluctuate but we assume it would have value around $1. You may check the currently available stable coins sometimes value $0.99 and sometimes value $1.01

If you dump your stablecoins up to 90 cents (for example) and other people may buy your coins cheaper for instant profits of 10 cents. It is a free market and you may go for dumping your "free" coins but that may help another person getting easy quick profits.

it (as per this post, no explanation yet) has no feature to encourage people to hold
cBux is a POS coin with annual inflation of 6% to 3%. It is mentioned within open-post. All format of cbux are swap-able from one format to another format (as value of all format coins/token is always $1) hence you may choose POS based one if you want to stake and profit.

Ohh... that. Ok, POS being integrated to bitcoin will provide enough selling point to dissuade people from dumping.

Just to clarify, will the token be at 1 USD, pegged by the script, or the number is still a matter of speculation? Because on this post you said that the price is said to be at 1 USD for the sake of simplicity.