Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
by
Vlad2Vlad
on 22/05/2014, 17:31:13 UTC
FYI we have been buying as much as we can, but clearly we are seeing the limitations of only a 1% pre-mine. 

The "stabalization fund" was created by premining NAUT.  So it is denominated in NAUT.  So how are you using it to buy NAUT?


When we sell we use the proceeds to buy.



So you have to dump 160,000 coins to buy back 160,000 coins?

How is this a good idea?

You posted your buy orders.

Now, can you post your sell orders?

My guess is that your stabilization fund sunk the price in the first place; therefore, destabilizing the price so you can then step in and save it...from yourself.

Anybody expect anything less from a banker coin?

Haha!