Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ParallelCoin - DUO - SHA256 + Scrypt | Community Takeover
by
lokiverloren
on 20/06/2019, 23:17:23 UTC
It sounds like a good idea but it requires capitalization, and involves careful risk management systems.

We are planning to create applications that use the coin as a security deposit instrument with intentionally deflationary token issuance rates, such that these deposits grow in value over the time bonded. Very likely this could support hundreds of chains doing this, and there would be a huge utilisation with low bandwidth overall. It is part of a strategy to deploy a specific model on a Tendermint based chain and using the Cosmos Inter-Blockchain Communication protocol, to create a model for masternode-like tokens to form networks, as a protocol for bonding server operators and acting as an economic incentive that can't be attacked and operated directly by the nodes to impose penalties and release bonds.

If you have some model for how to build this market maker application we could make one where people can invest together to run a group of servers that operate it across to other services (and chains).