Thank You for Your interest In our Project: holydarkness
In case of default there are laws that lenders can invoke. Banks Sieze Hundreds of properties on daily basis just because borrower has'nt able to pay back.
How is this different from staking?
In staking You stake your coins to other platforms or running a node. You can Hold IDF even on hardware wallet and will be eligible for distribution.
Let me get this straight, assuming that IDF price reached $10,000 one day, anybody owned 0.01IDF, which an equal to $100, will receive $20,000?
Yes that is 100 % Correct.
Also, for your point of buyback, where does the profit to perform buyback generated from? As far as I get, you didn't offer any products or services or anything that can generate team any spare fund to perform buyback, so with what will you pay the buyback?
Selling of IDF itself Generate Enough For the Company to buy back and Company will offer products in the near future. We have a Professional Team to Manage finance of our Company 2 of our members are phd in Finance we know what we are doing.
In case of default there are laws that lenders can invoke. Banks Sieze Hundreds of properties on daily basis just because borrower has'nt able to pay back.
How is this different from staking?
In staking You stake your coins to other platforms or running a node. You can Hold IDF even on hardware wallet and will be eligible for distribution.
Let me get this straight, assuming that IDF price reached $10,000 one day, anybody owned 0.01IDF, which an equal to $100, will receive $20,000?
Yes that is 100 % Correct.
Also, for your point of buyback, where does the profit to perform buyback generated from? As far as I get, you didn't offer any products or services or anything that can generate team any spare fund to perform buyback, so with what will you pay the buyback?
Selling of IDF itself Generate Enough For the Company to buy back and Company will offer products in the near future. We have a Professional Team to Manage finance of our Company 2 of our members are phd in Finance we know what we are doing.
(Doing a favor to help whoever read your jumbled reply so they can understand better. Bolded texts is my post they quoted)
In regards to lenders, borrowers, and default, yes, lenders can take a lawsuit which would initiate law enforcement to seize the collaterals (if priorly agreed, otherwise, not). But these collateral will need time to be liquidated, not to mention bills occured to file the lawsuit. Bottomline: a risk. And above all, filing lawsuit and seizing collateral is definitely an effort. Thus, your claim that "owner of wealth" gets return without any effort is a true misconception. Either they poses a risk of loss by default, or taking a gufe effort of lawsuit to cover the amount lent on collateral.
About stake, either your understanding of coin staking needs to be updated or my understanding is wrong all this time. But it seems Binance is agree with me, that you can just hold a token in your wallet and still considered as staking. So, what's the difference between your project and the old-school staking?
source
And for buyback, this is kinda interesting that you said buyback program is funded by the money earned from token selling, because buyback mostly became appealing to investor because it offered to buy at a higher price than ICO. When you mix this with a promise that they "will have peace of mind with their investment" because you will buyback at market rate on coingecko, two possible situation occurs:
1. Price goes lower than ICO. This is a cutloss for them, they have to sell at a lower price, they suffered loss. How is this a peace of mind?
2. Price goes higher than ICO. With what exactly do you plan to perform buyback if you spent more amount of money to buy them than the total amount you earned?
This still followed by another situation from the mixture of your staking reward, price on coingecko, etc. but adding them now will create a huge ball of mess, so I'll keep them for now and wait fpr your reply.
And oh! So glad to hear you're accompanied by two PhD in finance, do we have names here? Let me guess, they prefer to be anonymous because they don't want this project to interfere their personal life, because they're still in contract with companies that didn't agree with crypto.