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We wont give the market more to trade then they can handle, unsold ICO will go back to the company-wallet to let the market trade freely after the ICO is over.
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You're going to pay yourself the ICO? That's a red flag. Why not make it unspendable?
We wont give the market more to trade then they can handle means - let me specify: the coin is an instrument between InkWayUSA and the market - all the coins = INK, so if we don´t sell out everything, unsold coin will go back to the company-wallet to be distributed on another market at the same prices until the circle is wide enough to have an active futures market for larger and larger inventory.
This doesn't really make any sense. Can you explain in more detail exactly how this works?
Basically this is monetizing the current inventory right? So, 1 coin = 1 ink thing. How is that a futures market? We aren't trading puts and calls? We are buying the existing inventory.
So, lets say I buy 10,000 coins. I then own 10,000 units of the actual physical inventory? What happens if they sell some of their inventory? Now the money supply is not backed by as much ink things? At some point they will re-order to refill their inventory. In between there is a period of time where the coins are not backed by the ink assets?
For an asset backed currency, wouldn't they need to put all the ink things in a vault, and have the supply audited periodically? Then, to sell the ink, they would buy back the amount of coins from the market. When the ink is sold, do they then burn the coins? When new inventory is ordered and arrives, how is it monetized via new coins if the entire supply is premined and sold at ICO? How is any of this going to be enforced?
Is this legal for a publicly traded company to do? Since Inkyway is a US company, and the US treats virtual currencies as commodities, does this fall under the purview of the chicago board of trade or something like that?
Yes, when you buy InkWayCoin as you said, 10,000 coins = that part of the inventory is now your ownership - it will sit on shelf until you send the coins to InkWayUSA and receive the INK in return - or sell the coins to someone else who want to buy INK.
The Inventory is monitored, insured, audit every 3 months - normal US Business routines.
Or said like this - InkWay will hold your INK until you provide them with a shipping-address.
Chicago is a great old commodity exchange that we would love to trade on, but we need higher volumes for them to be interested. Hopefully this initiative will prove to be profitable and effective for InkWay, Traders & Customers alike.