Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][GoldReserve][XGR]X11 Unique Stabilizer Fund, BACKED BY GOLD NOW!
by
Mesterlovesz74
on 18/07/2014, 15:51:50 UTC
Quote from: chodsdayz on July 18, 2014, 03:43:43 PM
Quote from: captainbluff on July 18, 2014, 03:08:14 PM
Quote from: yogibaer on July 18, 2014, 12:06:14 PM
Dev, now the goldfund is opened and public.

What is your plan now? How will it be funded weekly? Selling the premine amount slowly, using stake interest and the premine funds for gold stay untouched for a while?

Lots of questions but they are necessary Smiley

To add to this, please post every gold purchase transaction on the main page and keep it updated along with accessing the account for public viewing. This is very important.

As I suggested, if the premine is just sold off the it will only back the coin up so much and once it's gone it's gone! At least if it's staked and the stake interest if sold off to buy gold this coin would have no limits, each time the lowest possible price will get higher and higher making it impossible for the market to crash

Well, thats an interesting theory. The problem is that there will be around 2 million premine which will be staked, and thats only 200k ANNUALLY! Thats not enough for buying any relevant amount of Gold...For reference, I had to sell 50k XGR to buy 2 gramms of Gold...