Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NOS] Nostrum - New Source Code - Reserve Value - NosStore NosJob NosBet
by
CounterStrike
on 28/08/2014, 22:07:13 UTC
How is taking away someone's ability to sell a prominent feature in your coin?
Maybe I don't understand.. You are essentially locking people into a coin whether they want to be in it or not?

Say someone bought at 10k and then someone dumped coins they bought at ico price.. Now that person who bought at 10k is stuck and cant sell unless someone buys up to 11k... which would allow the 10k buyer to sell a whopping 10%?

I can see why this thread is moderated..
You missed one point. In order for the price to drop below the ico price. All of the ico stakeholders must dump all of their coins. So, in your case, the price only drop below ico price if both who whole 10k NOS dump their coins.
The reserve value is meant to give Nostrum a value, not to lock people's ability to sell. They are free to do anything they like with their coins through a third-party, but their coins' value is guaranteed.