Post
Topic
Board Announcements (Altcoins)
Re: 100 Dollar Stable Token
by
Chlotide
on 07/04/2020, 10:02:39 UTC
We love criticism but please keep it constructive...

Let's try again then:

Please can you provide some clarifications then ?

  • Where will users be able to sell the coin? Only on your platform or on other exchanges also ?
  • Is your stable coin backed by something ? Ideally 100.000 pieces of $100 bills and can it be verified [1]?
  • You mentioned $10, $22.55, $99, $100 so your coin is not that stable after all. And as you claim it will be stable when it gets to $100. How are you going to do that ?
  • Any other use case besides hoping to make 10x if buying in ICO/IEO
  • Limited tokens per user... what kind of KYC would you request for that ?
  • Who are you ? Team info ? Not a single link in the whole ann

[1] - There are only 3 types of stable coins that I heard of: backed by fiat, backed by crypto and not backed. The latter uses mint/burn to play with volume so price remains as stable as possible.