But you need to do more with Ann page, more updates and links to website, whitepaper etc.
Topic: [ANN] PANGEM Autonomous Self-regulating stable value Cryptocurrency whitepaper. - page 2. (Read 436 times)
March 28, 2018, 08:14:14 AM
So in essence PANGEM will not be pegged to any currency that will determine its trend in market? So in this case it means there won't be influence of maybe btc or usd to determine price movement? Then how is this going to play out? Am quite curious about this because just recently i was chatting with a fellow crypto member in one forum and we talked about when we can see a token or coin that is not pegged to btc in pricing, and am suprise to have come across this project. This will surely be interesting
But you need to do more with Ann page, more updates and links to website, whitepaper etc.
But you need to do more with Ann page, more updates and links to website, whitepaper etc.
March 28, 2018, 08:10:39 AM
I am posting the introduction I also have on the github wiki tab for PANGEM:
What is PANGEM ASC?
PANGEM stands for Pan Global Economic Money/Model Autonomous Self-regulating Currency.
It is a cryptocurrency designed to be totally autonomous and self-regulating.
What this means is that the currency does not need to rely on existing indexes or fiat currencies to regulate itself.
All current cryptocurrencies that aim to be stable or low-volatility have themselves pegged to a fiat like the USD, gold, or some sort of index.
The inherent flaw is that a cryptocurrency pegged to an existing commodity cannot take its own proper value. It makes its value no different than to the commodity pegged. Why use a cryptocurrency pegged to the value of USD when you can just use USD (or in the far future an official crypto USD)? Or if the linked commodity drops in value due to economic downturns or trade wars then what happens to the cryptocurrency?
PANGEM solves this problem by using internal mechanisms independent of outside economic influences to determine its value and regulate itself. That is, it does not need to be pegged to the USD or gold or any external economic index. It is free from the fiscal policy shackles of governments, banks, and international monetary institutions.
It makes this possible by 2 major mechanisms:
1/ Macro control of total supply
2/ Micro control of circulating supply
PANGEM also solves an inherent weakness of all cryptocurrencies; that they are all designed as "hold" coins. What this means is that all current cryptocurrencies effectively operate as assets (even those designed as stable coins). People buy coins in the hopes that the value will increase and then sell them for profit.
Even current "stable" coins have this inherent flaw. One might ask how can "stable" coins suffer from this "hold" syndrome? A new breed of stable coins is trying to stabilise value by controlling the supply of coins. However, those cryptocurrencies have designed coin supply expansion to occur by rewarding current coin holders. If that is the case then the incentive to spend diminishes.
The problem with "hold" cryptocurrencies is that the circulating supply is low and therefore can be very sensitive to volume fluctuations in the market.
However PANGEM has resolved this "hold" syndrome through 3 minor mechanisms that together form the "Micro control of circulating supply":
1/ Minting of New coins through Spending.
2/ Minting of New coins through Staking.
3/ Minting of New coins through Saving.
The rate of minting is intertwined and balanced between the 3 "S". If one method of minting is favored then that increases the incentives for the other methods. This creates an interplay between staker/spenders/savers.
What is PANGEM ASC?
PANGEM stands for Pan Global Economic Money/Model Autonomous Self-regulating Currency.
It is a cryptocurrency designed to be totally autonomous and self-regulating.
What this means is that the currency does not need to rely on existing indexes or fiat currencies to regulate itself.
All current cryptocurrencies that aim to be stable or low-volatility have themselves pegged to a fiat like the USD, gold, or some sort of index.
The inherent flaw is that a cryptocurrency pegged to an existing commodity cannot take its own proper value. It makes its value no different than to the commodity pegged. Why use a cryptocurrency pegged to the value of USD when you can just use USD (or in the far future an official crypto USD)? Or if the linked commodity drops in value due to economic downturns or trade wars then what happens to the cryptocurrency?
PANGEM solves this problem by using internal mechanisms independent of outside economic influences to determine its value and regulate itself. That is, it does not need to be pegged to the USD or gold or any external economic index. It is free from the fiscal policy shackles of governments, banks, and international monetary institutions.
It makes this possible by 2 major mechanisms:
1/ Macro control of total supply
2/ Micro control of circulating supply
PANGEM also solves an inherent weakness of all cryptocurrencies; that they are all designed as "hold" coins. What this means is that all current cryptocurrencies effectively operate as assets (even those designed as stable coins). People buy coins in the hopes that the value will increase and then sell them for profit.
Even current "stable" coins have this inherent flaw. One might ask how can "stable" coins suffer from this "hold" syndrome? A new breed of stable coins is trying to stabilise value by controlling the supply of coins. However, those cryptocurrencies have designed coin supply expansion to occur by rewarding current coin holders. If that is the case then the incentive to spend diminishes.
The problem with "hold" cryptocurrencies is that the circulating supply is low and therefore can be very sensitive to volume fluctuations in the market.
However PANGEM has resolved this "hold" syndrome through 3 minor mechanisms that together form the "Micro control of circulating supply":
1/ Minting of New coins through Spending.
2/ Minting of New coins through Staking.
3/ Minting of New coins through Saving.
The rate of minting is intertwined and balanced between the 3 "S". If one method of minting is favored then that increases the incentives for the other methods. This creates an interplay between staker/spenders/savers.
March 28, 2018, 07:27:26 AM
Hello,
All current cryptocurrencies have the same inherent weakness I call the "hold/hostage" syndrome.
This is due to cryptocurrencies being viewed and treated as assets.
It means people buy and refuse to sell because of the expectation of value increase.
The problem this creates is that the crypto does not get to be widely used.
Another problem is that due to low circulation large changes in trading volume can affect the value.
I am designing a cryptocurrency that will keep a relatively stable value and does not suffer from this "hold/hostage" syndrome.
The name of this project is Pan Global Economic Money/Model Autonomous Self-regulating Currency.
Below is a github link with a short intro and the whitepaper.
I welcome comments and if anyone is interested in joining this project feel free to contact me.
I am currently looking for people interested in joining this project and angel investors to get this going.
https://github.com/PANGEM/Lounge
Direct link to whitepaper:
https://github.com/PANGEM/Lounge/blob/master/PANGEM-Whitepaper-V6.pdf
Regards.
-edit-
P.s. The whitepaper is still in its draft stages so not all figures and calculations will be exact and accurate. A lot of expertise and time is need to emulate the economic model to obtain a reasonably good forecast on how it will evolve.
White paper link updated to latest version.
All current cryptocurrencies have the same inherent weakness I call the "hold/hostage" syndrome.
This is due to cryptocurrencies being viewed and treated as assets.
It means people buy and refuse to sell because of the expectation of value increase.
The problem this creates is that the crypto does not get to be widely used.
Another problem is that due to low circulation large changes in trading volume can affect the value.
I am designing a cryptocurrency that will keep a relatively stable value and does not suffer from this "hold/hostage" syndrome.
The name of this project is Pan Global Economic Money/Model Autonomous Self-regulating Currency.
Below is a github link with a short intro and the whitepaper.
I welcome comments and if anyone is interested in joining this project feel free to contact me.
I am currently looking for people interested in joining this project and angel investors to get this going.
https://github.com/PANGEM/Lounge
Direct link to whitepaper:
https://github.com/PANGEM/Lounge/blob/master/PANGEM-Whitepaper-V6.pdf
Regards.
-edit-
P.s. The whitepaper is still in its draft stages so not all figures and calculations will be exact and accurate. A lot of expertise and time is need to emulate the economic model to obtain a reasonably good forecast on how it will evolve.
White paper link updated to latest version.
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