Topic: 100 Dollar Stable Token (Read 356 times)

I think also

It's not a stable coin if there is such correlation. It must be 1 to 1

Yes, that is the correct approach. Thanks for making it easy for us. 

We came here to have some support and some constructive criticism to make things better. However, it seems common sense is still missing. The people who doubt the project, please come up with the strong questions where we have to go back to the drawing board to answer your question. Here us some clarifications.

Is it MLM?
Because we used the word referral? Please study first what is MLM or pyramid scheme. MLM is a tree, a referral is linked to its origin. Why referral, we need "community".

Why Staller?
Using ERC 20 token seems perfectly fine to hear, right? Steller is way cheaper than Etheruem, the cost of the transaction will be paid by the user not us. We want to keep the cost lower for anyone.

Is it Pump and Dump?
Nope, please study some pump and dump tokens, they have way better and professional thread than us. They will show you the best team, airdrops, white papers etc. We don't even ask anyone to buy one single token.

Team?
We did not add the team, to avoid those questions, why you are not in the US? Why there is no big name? You never made a blockchain project so you are going to fail.


We love criticism but please keep it constructive, we are not here to sell tokens at all. We don't need your money, but your time. This is a way to give back to the community, to help those, who can't help themselves.

We may fail to achieve our goal, we may lose our money and time in the project. We may lose everything, but there is no regret that we never tried.

For those who are in doubt with this project, let us wait for them to show some real progress here. They have sufficient funds to move forward so no one is obliging to spend anything here. Eager to know if this is alive after 6 months or 1 year here?

Hahaha, lovely, how you said OneCoin 2.0... you made my day... Well, in that case, you may need to read the coin distribution again. Selling token is not the main purpose and this is why out of 100,000 distribution there will be only 15,000 token sales during the whole period of time. There are limited tokens available to sale per day and per user. Users can earn tokens only with sharing and bringing more people to the community. The purpose is mainly to develop the community. 1 Dollar coin does not need a strong community but 100 Dollar does need a community.

The token is made with proof of work and proof of stack, the users have to earn it.
The buying option will be available as well but between users. Users can sell and buy tokens to each other.

I think, there might be a miss understanding, or we did not clarify it. The token purchase price will not be 10.00 forever. The token price is bound to community members, more numbers of community members more the price will increase until the final destination. Let's suppose one buys a token at 10.00 today, after a week, it will be 22.55 (just an example), while reaching to the final destination the last coins will have a price of 90.00+.

The main purpose of the token is to build a community first so even if we are not able to sell a single coin, it does not matter to us. We have sufficient funds to take the whole project to the destination.

IMO there are some issues with the model presented

So people buy at $10 per coin and are not able to sell until it reaches $100. Coins are only bought and price increases (pump) and once they get to $100 many will want to sell and price will go down (dump)...

"prevent sell" must mean the coin would be traded only on your platform (not cool)

There are only 5 coins over $100 (according to CMC at least) . None are stable coins. Ever wondered why ?

How will you ensure the coin will have a stable value ? Mint ? Are they backed by stacks of real $100 bills ? Will you buy tokens off the market ? Coins don't just "stay stable" you know...


Your coin, your problem

To me it just sounds like OneCoin 2.0 stable version ...

So if we let one buy at $10 and sell at $100 in an hour, then it will not be pump & dump, right? Surely, this way some people will make money but the whole project will fall.


If you have a better idea to avoid the crash, please share and we would be happy to consider it.

Buy an $10. Nobody sells until $100.
This should be the Oxford Dictionary definition of a pump & dump.

Thanks for your encouragement, this is what all we need. Yes, you are right but the token sale will start only once the coin price reaches to 10.00 USD and it will be only a very limited number of token to buy per day and per user. The buyer can't sale token before it reaches to the final price (otherwise it will crash).

Firstly, you've got a great idea and you shared it. But what I am more concerned about is how do would you keep the price stabe when you said there's going to be a fluctuation(starting price of $1) up 100$ before it becomes stable. And I don't think it's a good idea to to sell the token at the rate of 1$, token price may crash once ×2, x3, or x4 profit has been made by investors.

I like the concept of "100 Dollar stable token" which will give a donation of $ 100 / month to certain people. but is it possible that the initial price of $ 1 will reach the highest price at $ 100 ... maybe it takes a very long time

if the price of 1 token = $ 100 it is amazing in my opinion, but considering the unsupportive market conditions requires extra hard work from the team. need to build a large community to achieve it

First, they need to create a decent website for merchant to consider them as alternative payment method.
And if this is another stable coin, do they have resources to back this project?
Right now, merchants are considering the popular cryptocurrencies only like btc or eth.
Stellar is not yet on their list, but they have more chance to be considered than yours.

Thanks for your word and encouragement. This is actually the very right time, and that's why there is no airdrop. Free tokens can be earned only through referral, which means more users, which certainly will lead to a bigger community and this is why the price is linked to the community size. The launch price is 1 USD and it will hit the final price if the community reaches to 50,000 users. The website will show the latest registered users, total users, and token price. Which will be fair for the people who want to invest in the token. Those open status will show if the community is accepting it.

Why anyone would use your currency while there are a lot of others crypto like bitcoin, eth, or even the coin you used to make yours, stellar? Will people use only because it is stable coin? I do not think that's happenig because other stable coin has already built themselves a big corner.

If the price of a token os fluctuating and can range between $1 to $100 how it can be termed as stable token?
Who will use that when they have real usd or fiat backed stable coins?
I think there is big flaw in your concept and needs revision.

First of, you may move this thread to Announcements : https://bitcointalk.org/index.php?board=159.0

What I do like about this is that you are aiming for a big community or a good one which is actually the best thing in every project, if you got many supporters on your project for sure the project will succeed, one thing that I am just confused about is, how are you going to make it to $100 per token? I mean, with the current market situation?

100 USD = 1 Token This is crazy in my opinion because now a stable that uses a pair of usd 1 Token = 1 USD and nothing more than this and in my opinion is very difficult for a new project to make a breakthrough like this.

Please don't forget to read the last part.

How many people have lost the money in forex and cryptocurrency due to the fluctuation? Somewhere inside we all know that the big players never lose. They already know when the sentiment of the market changes.

In Crypto, it is similar. The big player inflates the price, he wins, we all lose. At the same time, it has been said to play fair.

Let suppose if you know the Bitcoin price will go to 15K (right now 7K). You will manage the deal accordingly and will never lose. However, out of a million people, there are only a handful of people who know that and win our money.

In the crisis of 2008, the bailout was given to the fatty people, was it fair? The game was never been faired... Hence, we decided to play it fair for every single person and keep the thing transparent and open.

We all know the stable currency has a stable price and this is how it has been designed. Can you buy a USDT for 1 cent now? If you can, what will you do? We know the answers. However, there is always another opportunity across the corner.

Here the 100 Dollar stable token comes, 1 token is equal to 100 USD. The token has been designed to help people and families to get some extra financial help during this crisis. 1 token will be given up to one family and we have set a target to reach 10,000 families around the world. However, this does need a lot of resources to reach and the most important is to have a community 100 USD is enough for people living in poor countries to survive for 2 to 3 weeks.

That is a big commitment and how to get there? With the help of the community only. The Token starting price is set to 1 USD per token and it is bound to the number of registered users. More users to the community will impact on the increase until it gets to the final price of 100 USD. 50K users are required to reach the final price.

Isn't fair?
When one knows what is the final destination of the price?

Concept
To provide support for a set of 10,000 families/users around the globe while making the whole system sufficient that it never has to wait for the donations to arrive and a long process to distribute. These set numbers of users will receive monthly one token for a certain period of time then another 10,000 users will be chosen and the cycle will keep moving. It is a bit long and tough process, however, this is what the purpose we have set.


Community growth?
The wallet app will be available on the Play Store and App Store, anyone can download and register an account using email. Every new user will get the first coin free and the wallet shows only the balance and the updated price of the token. The App also provides a referral link to share and earn more tokens. The more one share, the faster the community grows and more earning. It is not MLM, so one can only earn with his/her particular link. There is no tree. The wallet does not provide send/receive now to avoid the abuse to the system.

Token price?
Every day the price will be updated on the website and reflection will be visible in the App. The starting price is 1 USD and the final price is 100 USD and then it will be stable forever.

Usage?
The token can be used for payment transfer and purchasing.

Technology?
The token is based on the steller network, which is specially designed for payments.

Token Launch?
We are expecting the token to be launched on 10th April.

Token sale
The token is designed to proof of earn, more one share, more one earns. The token sale will start only once the token reaches the price of 10 USD and very limited tokens will be available to buy per day. Remember, our major goal to make the community, not the token sale. The purpose is to be open and fair, make a community of people who belongs to us.


Token distrubution
There is X number of token available but they will be added to network very slowly to keep the balance but sufficient enough for the system to keep moving forward.
50,000 tokens for the 50,000 registered users.
20,000 tokens for referral and marketing.
5,000 community influencers.
15,000 token sale (if some people are interested to buy, otherwise no ICO, no IEO no XYZ)


Tech data, white papers, anything extra...
All those data will be available soon, that stuff is important but we are more focused on gathering the people to build the community, launch the project and the rest will follow itself.

Important to know:
We are not ex-google, ex-uber, ex-facebook and not a big investor and big names on the list. We are not professional writers, neither we are interested to spend money for someone to write a very professional post here. What we have, we have shared with you. Now, we would like to welcome anyone who wants to bring a good vibe to the project. Who help us in anything one can do (even to improve this post). However, everyone behind the project has been successful in what they have done in perspective career. Let's build for those, who can't build for themselves.
Any suggestions, feedback, and help are very much welcome. Please consider us similar to you, not the Vitalik or Satoshi. All we look for support to build the community.