About token use, you say "1 CABS Token entitles the holder to securitize 1 BTC or equivalent quantities of selected other cryptocurrencies such as Ethereum or Bitcoin Cash"
Your capitalization is 600,000 CABS tokens but bitcoin soon will be a total of 21,000,000 BTC, if it is 1 CABS Token entitles the holder to securitize 1 BTC you can practically securitize only 600,000 BTC
, if you want to securitize the top 20 cryptocurrencies you must have the sum of all the top 20 cryptocurrencies as CABS tokens, right now you can securitize only 2.5% of the total amount of BTC.
I don't get it, you can explain me how you can securitize more than 600,000 BTC, I am relatively new to cryptocurrency.
There are different ways of looking at this: 1) That makes securitized crypto rare, making CABS tokens themselves more valuable. 2) The goal of CyberTrust is not to securitize the complete crypto market.
Well something is not good here because if the bitcoin hold $10,000 value with 600,000 CABS you can securitize only $ 6,000,000,000 in bitcoin. While they are talking about a trillion $ market you can securitize only 6 billion, from this point of view the project looks worthless, I am thinking wrong?
Looks like nobody can answer, this project is a joke, why to start a project like this and from start you are limited to securitize only 2.5% of the total of bitcoins (they are talking about bringing institutional investors so big money players) also they say will start to securitize the top 20 cryptocurrencies, how they will do that, maybe new CABS tokens but I don't see anything like that in their white papper.
Please note that CABS token model is similar to OMG token model.
Foundation will collect tokens for conversions.
It then will sell it on the market, to meet demand. As all securitization happens on monthly basis for all currencies, it will be enough. Also check our financial model on the GitHub and our assumptions for the total market size, our market share, volumes of securitization per token, rates, etc. It's all their for the review, just go to CyberTrust Github
The reason we reduced the size, was to reduce hardcap as it was too high for the current market environment and we had initial feedback from the market to reduce it, so we listen and that's what we did.
P.S. sorry for the late reply but using Bitcoin Talk with 360 sec stops is awful.
P.S.2 write to @cybertrustbank if you want a quick answer.