Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Mirror Protocol Launch - Trade real-world assets with crypto now!
by
Twinkledoe
on 20/11/2020, 23:31:59 UTC
Very big plus is that all traditional assets are backed by multi-layered liquidity pools and investors can sell their assets anytime at the current market price easely

Yes, exactly. If Tesla stock goes up from $400.00 to $450.00, our asset (replicating Tesla return - lets call it MTESLA) also goes up from $400.00 to $450.00

Now, if a trader wants to book a profit, and they had bought MTESLA $400.00, they can easily sell at $450.00 thus netting $50.00 gain at the minimum transaction cost. Hassle-free. They can do so directly through ETH or USDT or USDC. They don't have to convert their crypto to USD.

How are you going to ensure that kind of pricing in the market will be respected? As it depends on the traders once it is in the market. You have no control if someone is selling at 430 or below. How are you going to keep the price like for example not falling from 400? Yes, the stock is rising but in the crypto trading market, you have no full control of what's gonna happen unless the team can buy all sell orders below 400.