Quote from: BaseCrypt on April 28, 2014, 06:53:11 PM

Quote from: CombatVolcano on April 28, 2014, 06:44:06 PM

What do you have to say about your model versus that employed by StandardCoin?

Good question, we believe that thrid party exchanges are a nescessity as liquidity and rates can faked otherwise. We will aim to diversify across exchanges, and we will also contact exchanges (in open letter) asking for potential automated systems that are not dependant on us, giving the control to a trusted exchange like VOS instead of us. Essentially a bot will automate everything, this is very important for FIAT based coins in order to gain trust.
Having a single exchange means that the developers need to satisfy volume in terms of liquidity, that's it, they can fake the rest of the data.

Another thing is that our coin has a 1% inflation rate a POS. The 1% per year will allow for 99% minimum liquidity after one year, probably even more. Our coins will also be transparently burned after the initial stage.

We also have a much better abreviation!