Post
Topic
Board Tokens (Altcoins)
Re: [ICO] BlackGold - The First Cryptocurrency Pegged to Oil
by
_xNyx_
on 21/03/2020, 23:17:53 UTC
How are you gonna maintain your price level when it is already in exchanges?
Since it is pegged to oil, how are you gonna keep that when you are already in trading?
And since you are giving freebies here, I don't think they will respect the price when it is already being traded.
They will discard their holdings as long as there is value to it, even if it is not in the level of your OPEC reference basket.

1. We directly burn and mint the supply accordingly in order to prevent appreciation/depreciation. Not only that, but we also have a massive fund (worth over 12 ETH) that directly purchases orders that correspond to the price of the OPEC Reference basket as cited here. Our holder's funds are of utmost importance to us.
2. Not sure what you mean by the second question. I think I answered that in the first point, but if not, let me know.
3. We aren't giving "freebies" as per say, our airdrops will be worth something, however, not enough for people to manipulate price to extremes. We also have a distribution method set in place in order to prevent such occurrences.
4. That is why we maintain a strong link to projects, and we will also be introducing a platform where projects can be directly 'fueled' using BLKG, by BlackGold holders.

If you have any further questions, please feel free to join our Discord, or ask them here!