Topic: [ANN] Aussie Digital – An E-Commerce Platform Based on Blockchain Technology - page 23. (Read 15095 times)

I agree with you and the competition in the market will be huge. But in this case, the tokens will be used as a means of payment for goods and services .
This will provide them with a lot of liquidity.

I wonder what amount will be needed to implement this project.
Mean what is a soft cap of the project and how much money has already managed to attract.

Yes, the platform in fact now offers unique functionality, but I do not understand what will happen to the volatility of these tokens.
This question interests me if you plan to use tokens as a means of payment.

A similar comparison came up in Telegram. It is an interesting comparison and if we were to look at it this way then you would say because of the lower supply AUDcoin  would become more valuable. In reality though it would be a very big stretch to make it to $3 in the current climate. .22 could be a reality and with enough support behind us who knows. Personally I do not like to speculate. Once it is out there its at the mercy of the market and the market will decide.

Hi Aussie Digital admin,

XRP has a total supply of 100 billion and was hit $3 a few years ago and the current price $0.22,
while AUD only has total supply 25 billion so, will AUD price will follow XRP price when listing?

Please refrain from re-posting material like this. Almost 100% of users are staking which locks them up for a minimum of 120days. So any sort of dump is prevented.

Right now we are only accepting USD, BTC and ETH. as the sale goes on we might introduce some other popular Cryptos. Our payment providers are Stripe for USD and Coinpayments for Crypto. We did it this way for the sale so we did not keep any personal details with the site. It protects the buyer and it also protects us. Unfortunately Stripe is not allowing some countries to use their service. You could try VPN for this. Otherwise Coinpayments are the answer.

Wish we did do KYC now. No KYC brings all the scammers out of the woodwork. Fake accounts. Fake entries. We always new there would be some cheating going on but no KYC made it out of control. Thats why we are marking every entry and the user has to have Phone 2FA turned on to qualify. I would recommend to only do KYC promotions to any Crypto startup. maybe you get let people interested but way less problems. That brings up another question we get asked. How much are you giving out for the airdrop and Superdrop. The answer to that is very little. The Superdrop entries were more qualified but we would be lucking to give out 10% of our allocation for the airdrop. It will all go back in the staking pool so it benefits the Community.

 Yes problems, solutions. More problems. More solutions. Seems to be the way it goes. In the next few weeks Tradezy will be open for business. We already have seller signing up waiting for it to go live.

Thats always a risk and is something we can not physically control. The market will determine this unfortunately. We do have some measures in place though to help prevent this. Almost everyone on our platform are staking. Staking locks up your AUDcoin for a minimum of 120days. Only a certain amount of members stake each day so it limits how many can sell. We do have a lot of members who want to compound their interest as well and re-stake or only stake part of what they just made. Then there are members who want to use Tradezy.io. To get all your privileges on Tradezy you need to be holding AUDcoin. This qualifies you for a free account. Please also read this

https://aussiedigital.io/news-detail/staking-with-aussie-digital-say-goodbye-to-the-bear-market

Iv been watching this project for sometime now and you have had a few problems in the past which you seemed to get over so good to see that. Tradezy really interests me. At what stage is that at now.

Why did you guys use no KYC during your promotions I have been involved with a few projects and no KYC has caused lots of problems.

What currencies are you using to take deposits in your presale at the moment?

is there any lockup period for AUDcoin after its launch?

That is an interesting question considering what has happened during the last week. Our exchange Tradedo is only small so we would be low on a hackers radar but never the less it is a worry. Because we are small and will only be doing little transactions most of our funds will be kept in cold wallets. With lower turnover it makes it possible to manage things this way. The big guys do not really have this option.Big turnover ,big hot wallets and big target. If we did get hacked we would never suffer from a big loss. The loss would be manageable. We also keep a supply of AUDcoin put aside which is kind of like an insurance policy. We also have some unique security features which we will let you all know when the time comes. So the answer to your question is. We are not insured as such but we do have our own insurance policy to help cover losses through hacks. I think you will find that most exchanges do not even have that. look at Crytopia that got taken out and many others. Lets hope it never happens but it is something that has been thought about.

Hi Aussie Digital, is the new exchange you are building insured against crypto theft?

Yes thats right. This project goes ahead no matter what the result of the ICO. The ICO and presale are more to give people a chance to be involved. More involved the better obviously. Yes exchanges are  sprouting up like mushrooms right now and we all know how mushrooms grow. Love your analogy. Our Exchange is not like a Binance or.... Idax. hehe, That would be  bad right now. Ours is a community based Exchange where it is utilised to carry out not just transaction in trade but also transactions in retail. Same wallet is utilised in Tradezy and Staking to try and make it seamless. All actions are done through 1 wallet. The Exchange is there for people to cash out of the system. Thats the way it will be used unless we get major interest to use it for trading purposes. Then we would look at running it like a full exchange. As for where we are located. We are in Australia. The exchange will not be run from here. We want to keep it no KYC for now so it will be run from a different jurisdiction. Cryptocurrency was made to protect your privacy and we will try and keep it that way. Once again should we grow and transaction grow in size we will look at a full licence in a reputable Jurisdiction. maybe Australia. Tax law is another issue here though. Once we go licensed all that applies. Hope that clears things up a little more for you.

Most offer much higher profits that are not sustainable. 10% sounds a lot and if you compare to banks it is a lot but very sustainable form our end. it is our method of distribution to those who take part in our project.I get asked quite a lot about if people sell wont the price drop. My answer is.

 1. To start they are locked in for a min of 120days on each stake so they can not sell at once. Its controlled. Only so many start a new stake on any given day and so only so many complete there staking period. This does not mean they will sell either. They might chose to re-stake and compound what they just earned.

 2. People need to sell or nobody new can stake. You need AUDcoin to stake and once our fundraising is over  this will be the only way to get AUDcoin to stake.

Maybe it is best to take a look at this article and it will explain why it works.

https://aussiedigital.io/news-detail/staking-with-aussie-digital-say-goodbye-to-the-bear-market

Here is the article anyway. Only a short read

Staking with Aussie Digital

 

Say Goodbye to the Bear market

 

We have had this question come up numerous times. What if the market drops while you Stake AUDcoin? The value could be less than what you started with.

 

Here is an explanation about how Staking works and why it is great in a bear market.

 

When you Stake your AUDcoin the Stake is placed as a Dollar value. So if you staked 10000 AUDcoin and it was worth .01USD per coin at the time you would be staking $1000 USD.

At the time of writing this the minimum stake limit was 120 days. At the end of 120 days you would receive back $1400 worth of AUDcoin at whatever the market value is at the time.. It does not matter which way the market went while your stake was on you will always make 10% of the Stake dollar value every 30 days.

 

This brings us to another interesting point. Not that this is a HYIP but with most you buy Bitcoin to invest with and when you buy you are looking for the lowest possible price you can get so you get more for your dollar. No brainer right!

 

When you Stake AUDcoin the price at the time you buy is not relevant. Here is why. When buying to stake the price at that time does not matter as you are buying to stake. As long as you stake immediately what ever you buy in dollar value is how much your stake is worth.

 

We will use $1000 as an example again. AUDcoin price could be .01USD. It could be 300USD, you are buying $1000USD worth so it does not matter if it takes 10000 AUDcoin or 3 to get your $1000. The stake is $1000 regardless and you earn 10% on that per 30 days.

 

So next time you see Bitcoin prices falling think about AUDcoin and Staking. The Staking Program designed for a Bear Market.

as you said you are working hard on this project. so no matter how your ico results are, you are going to produce your product - ecommerce & trading exchange?
is tradedo trading exchange fully licensed in australia already, where you are currently based?
so many exchanges sprouting like a mushroom nowadays, and getting your own niche is quite difficult.

It is a very big project and it is hard to get all info out there at one time. we will though. Not just while we are raising funds but also into the distant future as the project evolves. You wont get any bullshit from our side. We tell it like it is. maybe thats a bad thing for us. Most like to glorify things but we think it is better to keep it real. We work hard to achieve results. We dont talk hard.....