Post
Topic
Board Tokens (Altcoins)
Re: [ICO] BlackGold - The First Cryptocurrency Pegged to Oil
by
JeromeTash
on 22/03/2020, 20:18:09 UTC
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.
You will have to do more than that. As history already has it, burning and mint the tokens isn't enough to control appreciation/depreciation. Also you said you are going to have " a Massive Fund" of just over 12 ETH?  Shocked
Really? You do realize that's just over $1500 at the current rate... massive fund, huh?  Grin Grin