Discount in IEO is very much, at 50%. What will happen after the project is completed, and the tokens are traded? whether investors and prize hunters will throw away their tokens. I hope they don't sell the cheap CCOH they get.
Investor will sell because he get benefit fron discount 50%. We can't said hold with investor or another people this is trading. Hope team have strategy to hold or buy back
yes they have to do a buy back program, this will maintain the stability of the price of tokens and people will think that the ISKRA team will really make the ISKRA tokens more valuable so the situation will change so many people keep their coins
I don't think that they can handle the volume of the people who are determined to sell if they even consider doing a buyback program. And I don't know but I feel the combination of diamonds and charity does not really go well. It is like an unlikely combination which people always think about diamonds more and not about the willingness of helping children which is the real purpose of this coin.
It is kind of a weird combination there. It's like if someone wanted to donate to the red cross and they go on a long spiel about buying diamonds from them, or feed the children and they start hawking gold.
As for the buyback talk, only possible if the team made a decent amount during the ICO ... no idea what they have made, as I don't see how many coins they have sold to date. A partial buyback at a low rate may not necessarily be a bad thing, assuming it doesn't bankrupt the team in the process. I doubt there is a feasible way to do a large buyback.
They should get their exchanges lined up ahead of time though, at least. And I don't mean dexes like tokenjar, real exchanges folks have heard of before.
Want to understand easier and easier:
1. Social Responsibility
2. Every business with social responsibility
3. Money under public control (children's fund)
4. No donations!
5. Diamond business with social responsibility!
A children's fund is fine, I was just saying pairing it up with diamond purchasing seemed a bit weird. If it was paired up with emergency food rations, or clothing, or something like that, it'd kind of make more sense.
It's almost like this should be separate coins ... a diamond purchasing coin + children's fund coin. Also not quite sure how the diamond purchasing thing works -- since this isn't a stablecoin or pegged to diamond prices, it's basically a discount coin through specific retailers but wholly based on whatever the marketprice currently is for the coin, correct? Not that is a bad thing, just curious how it's supposed to work.
Discounts through retailers by using crytpto is the only way using a crypto as a currency ever made sense to me ... that includes btc too. Otherwise it's just sort of an annoyance with no real benefit. The only little problem will be is if the price of the coin isn't stable or high enough, then it's an issue of a zillion
for like a $5 item. Or if there isn't enough liquidity, as then retailers can't cash the coin -- which is where good exchanges are needed.
The platform will use “ISKRA” for registration and bidding.
The correlation of prices for diamonds is built up of 5 parameters:
1. Rapaport Price List
2. Certificate
3. Volume in investments (purchase without delivery, storage)
4. Trading Volume on “HDB”
5. The ratio algorithm: ISKRA price / diamond standard, etc../
max supply / trading volume / investment volume / amount supply.
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