Quote from: Twinkledoe on November 20, 2020, 11:31:59 PM

Quote from: Mirror.One on November 20, 2020, 03:15:00 PM

Quote from: berryDy on November 20, 2020, 11:47:23 AM

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.

Because the prices at the Mirror trading platform are pegged/fixed to the underlying asset price. It doesn't change based on demand and supply at mirror trading. It changes based on changes in the price of the underlier. In short, we are a "trading exchange" which has fixed prices. Here is an example.

Consider TSLA trading at Nasdaq and MSTLA trading at Mirror trading platform
At all times TSLA PRICE = MTSLA Price

Say, at Time = T0
TSLA Price @ Nasdaq = $489.60
Therefore, MTSLA Price @ Mirror = $489.60

Notes: MTSLA price doesn't change irrespective of buyers and sellers at Mirror. The trading platform is like Uniswap. So there is only one price that can be traded. (As compared to Binance where you can see the market depth)

Now, at Time = T1
TSLA Price @ Nasdaq = $495.00
Therefore, MTSLA Price @ Mirror = $495.00

Notes: T1 could be 1 minute later, 2 hours later, several weeks or years later. Doesn't matter. This equation will always hold true. i.e TSLA Price = MTSLA Price. No one can tamper with this equation (not even the dev team)

So in short, if someone buys MSTLA at @489.60 and sells at $495.00, they would have replicated the returns of TSLA. The convenience is that you can buy MTSLA with ETH, USDT, or USDC easily (as compared to buying TSLA, where you have to convert your ETH into USD/GBP first)

MTSLA price will be sourced in a decentralized manner from multiple sources. Currently, all asset-tokens are executed against a price that is supplied by mirror oracles using price feeds from various authorised, however, centralized brokerage firms and two separate market data terminals e.g. Bloomberg and Reuters. As an added control, the price feed then goes through a secondary reconciliation with an error threshold of .002%. Price feed will be completely decentralized as the adoption grows.

Hope this helps, but happy to explain more.