Post
Topic
Board Announcements (Altcoins)
Re: [Pre-ANN] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~
by
MajidBC
on 15/08/2014, 19:39:37 UTC
GreenBacks Fund
The GreenBacks Fund is a stability fund which will ensure the security of the coin, and help with price control, by removing a large amount of GreenBacks from the market. This fund will eventually hold 10-15% of all GreenBacks, and will constantly be staking them. We will use 2% of the ICO funds to buy GreenBacks from the market when the coin is officially launched, and we plan to continually buy more coins over time. We also hope the community will assist in growing this fund because it is a very important piece to the GreenBacks infrastructure.
So you want to control the price? What kind of control do you mean?