I really like the vision of this project, and of course the total supply is very much, even that is too much, to make not sure the price on the exchange later, may be a stable coin
Hi, Ilmiyati! Thank you for your support for LoyalCoin's vision!
As for your comment about supply, we pegged it as such (10 billion for all LoyalCoins, including 4.75 billion for the launch) based on how much we intend to raise (up to $19 million, or $0.004 per LoyalCoin) and so that LoyalCoin is more accessible to the general public and let more people use our platform as early as possible.
After all, we're talking about rewards points here, and there's a lot of wastage going on in that front. Colloquy estimated that in the US alone, $50 billion worth of rewards points and air miles go unredeemed, and that's just as of 2011. In Canada, it's C$16 billion as of 2017. So our pricing and supply peg is actually more reasonable that at first glance, because of those humongous rewards points wastage that we're aiming to end via the blockchain
We do hope that LoyalCoin becomes one of the stable coins around the cryptocurrency world, because after all, we're linked to real-world applications such as rewards redemptions, which have set values and are market-oriented.
