Hey, I'm new with this coin and I'm pretty excited about this. Hope this will be big thing and will came popular. I just downloaded and synchronisized my wallet. Wondering maybe someone could send me for a test few coins? 1-5? And where can I buy it? On poloniex is it available already? My wallet address: DBwKoDmbpMxpt8EEqxg5dwueBDM5PLNYxU If you want then I will send you back soon when I will get coins.
sent you some.
Can someone please explain how the coin recycler actually works? Basically are the devs making their own market? How competitive are the exchange rates offered?
I will try to explain with simple words:
- Right now when you want to sell a coin to buy another coin;
- First you need an account in an exchange (this means personal information like email address, phone number...)
- Then make a deposit for the coin you want to sell
- Then you need to sell the coin for BTC and if you are lucky the other coin you want to buy is on the same exchange and you can buy it.
- And finally you need to withdraw the coin you bought to his wallet.
With the CoinRecycler you will be able to sell your coin at the current market price by generating a deposit address, it will tell you how many MAST you will receive by calculating from the orderbook and after that it's a fully automatic and anonymous process and you will get your MAST in minutes !
What are the advantages of using the CoinRecycler ?
- You will be able to sell or buy from your wallet !
- No need of accounts on exchanges
- A lot more secure than exchanges
- A lot more anonymous
- Easy to use, the human nature is lazy so the more simple it is, the more it's appreciated
- Can easily bring mass adoption, because it's a kind of all in one and easy to understand
- And of course a constant buy supportTo attract people i plan to do some kind of "use the CoinRecycler and get 5% more MAST" for the first 2 weeks (but this is still a project).
example : if you recycle some coins worth of 1000 MAST you will receive 1050 MAST.
Basically mast has the potential to be HUGE if it catches the attention of the crypto world