Re: VIRTUAL MINING COIN [VMC] | OUR MINED PAYCOINS [XPY] IS ARRIVED!!!
what are the plans?
- when did you sell it?
- do you buy hashlets using this money / what do you buy using this money?
- what is the date of redeem back? if you have your paicoins it looks its time to start redeem.
- weekly report should be good to see now.
As we've mentioned earlier, (https://bitcointalk.org/index.php?topic=582873.msg9881338#msg9881338)
we will wait for HashBase/HashStaker launch with the SELL.
We'll see if price go up to 20$, we will sell them ALL !!! (...and buy HashPower for VMC Security)
If price is lower than 20$/XPY, we'll consider selling part of our PayCoins.
Probably 50% (not decided yet, greatly depends on exact XPY price)
We will buy the most efficient (read: profitable) HashPower available on the Market.
If this is any kind of Hashlet, we will buy hashlets.
If there is something more profitable than Hashlets, we will buy that one...!
Our hashlets are switched back to BTC mining already, when HP mining was over. (2014.12.19.)
Reedem is back, when we will have enough BTC fund to start it...
We plan to start with 1.000.000 VMC weekly reedem limit.
Cant tell You exact date now, but its only days from now
Weekly report will be back, no worries.
After 1 week of BTC mining (next weekend at the latest) You'll see the numbers...
Hope You Guys are satisfied with the above answers ?
Let us know...
Thx!
Dont understand the only one: We plan to start with 1.000.000 VMC weekly reedem limit.
Why??? As I remember it was temporary situation. At CEX times you have been selling as much hashpower as it was required for reedem. It should be back as planed for this coin. Partial limited reedem is not the reedem as designed!
I don't understand, why you don't understand. Our main goal, to raise the price of the VMC. If we don't spend all of the incoming but reinvest a part, we can raise the amount of the collateral security. More collateral security= higher market cap= higher price.
This is the most important. This is the plan. If we can redeem more, we will do. But we will not risk the main goal for the redeem or anything else.
I understand, the redeem is the most important for you Xinwao. You mining and you would like to get BTC for that. You can redeem with us as much as we can, but if you have more coins you have to use the exchanges or you have to wait until the next redeem. That's all what we can do.
The limit of the redeem will change, it's still a temporary situation because we don't know how much will the incoming after when we reinvest the BTC from the Paycoins.
BTW I'm sure it's easy to figure out the price of the VMC will much higher after the reinvest so maybe once you will say thank you because we didn't bought your coins in a low price.