Post
Topic
Board Announcements (Altcoins)
Re: [ANN] New PinkCoin (PINK) Moderated Thread | PoS | Fundraiser | Anonymous
by
fayoling
on 14/11/2014, 22:17:14 UTC
What is the point of putting a buy wall at 10sats? What is the objective? Again - what development is currently going on (if any)?

There are developments happening, Thank you Spock for re-posting my latest update.

The 10SATs was just a number used in the examples. The buy wall is new and relies on people using the systems. It will begin at 1 SAT, it is not a short term plan to push the price up, it is a longterm plan to support the coin. Our poker system in it's first couple weeks made over 1,000,000 PINK in rake. Had the buy wall been in place at that time, poker alone would've been adding a Bitcoin or more to the wall a week.

In other words, the buy wall at 1 SATs will forever climb the buy books. The more people using Pinkcoin, the higher the buy wall can climb.

tl:dr;
Use the tools we create, and the value of the coin will be supported.