Quote from: Digithusiast on November 18, 2014, 08:22:31 AM

In relation to the previous post, please explain what are "Elitecoins"? I found a thread of another coin named Elitecoin, but that can't be it I guess?

Name is not finalised. If there is a coin with that name, then we would change it.
On the SFRDirect protocol, asset currencies can be created by anyone. You can create a fixed number of coins and provide a big sell order so people can buy from it.

The entry to the sfr elite club will depend on the number of such elite coins users would hold. There would be a market pair of cSFR and elite coins. So you need to burn sfr to get cSFR and hence buy elite coins.

Entering the elite club, users would not be paying any fees while trading on the centralized exchange, cryptoxindia and / or depending on the tier would get profit share from the exchange.