Topic: [ANN][ORO] OroCoin ■ Join TeamORO! ■ C-Cex | NOVA | Cryptopia | CoinExchange - page 25. (Read 29256 times)

The problem you're going to run into is that crypto is not "supposed" to be backed by something with a relatively stable value. Yes, gold fluctuates often, but the volatility of gold is nothing compared to the volatility of crypto. Not only that, but you may have a difficult time convincing miners and traders to keep your token's value relative with the price of gold. The fair market is going to dominate and people will want to be able to trade their 24K for BTC, even if it means taking a loss or selling for less than the Gold/24K value.




Just to be clear, OroCoin is not "backed" by gold. We took a unique approach on purpose. Instead, we use the price of gold to dictate the block reward. Not the value of the block reward, but the actual number of OroCoin given as a block reward. In other words, the only thing pegged to the price of gold is the number of OroCoin received as a block reward, not the actual market value of those coins.

Theoretically, the relationship between the price of gold and the block reward of OroCoin should, at least to an extent, result in an inverse correlation with the value of existing OroCoins on the market, and a direct correlation with the value of mining OroCoin. These two effects, along with the "fair market value" effect, should balance each other out nicely to insure a bottom line value, but also allow the market volatility to dictate the day to day price, as a cryptocurrency should be

At first glance looks interesting project. I will keep eye on the further updates and news regarding the campaign and everything related to the project. Another gold backed coin will maintain balance in market while giving good competition to some other similar concept based projects.

our coin is not an ICO and it is actual gold trading!  the very large difference is =
OroCoin in your wallet is orocoin in your wallet ..

24Kt in your wallet is "Gold" Redeemable in Gold bullion at any time you desire or in any other form with the same value as the amount of gold  in your wallet!
  

one eye is illuminati..
just kidding 

watch this, good competition, really interesting..
what the different each other, the project, etc...

One eye is better than none! Stay tuned...

very interesting, i love competition, but will keep an eye on this, 
even if it is only one eye and not often! 

Hello,
I would like to reserve Hindi (Indian) translation work.
Notify me when you want!

Thanks! It actually filled up in about one hour! We did not expect the level of interest we saw but were very pleased to see it. We will reopen with a larger campaign soon, likely with quicker payment periods as well. Stay tuned!

I'm surprise that signature campaign is already full in just a couple  of days,some campaign took a week before it became full,but I don't like the idea of twice a month payment,so far the longest I've had was 13 days but anyway goodluck to participants..

Did it ever occur to you that not everyone involved in this project is a "noob" and this account was created specifically to represent this project?

Regardless, not one dime of ICO funds are required to launch. OroCoin will launch, will be listed, and will succeed regardless of the outcome of the ICO.

We aren't here for the money or to sell a pre-mine. We are here to launch a coin with a unique block reward method and will do so regardless of your shitposts.

All that being said, we hope you stay in touch and keep an eye on our project. You might be impressed someday!  

Listen here noob, if you are going to compare your copy paste coin to Satoshi, reset this without an ICO.
Satoshi didnt put up bitcoin by collecting peoples money

Waves, lisk, stratis, and other coins have their identity revealed? What makes them not safe?

If you don't want to be involved, don't get involved. It's as simple as that. Satoshi never included his information, and many others never do as well. You have to keep in mind some countries and political systems are not crypto-friendly (especially countries like the USA, China, and even Russia at times), so sometimes it is best to not reveal everything simply for safety. We will not be offended if this means you choose not to be involved, as that is your personal choice and preference. We wish you the best, but also encourage you to stick around and watch us stay in for the long haul. OroCoin is not going anywhere We truly appreciate your feedback and respect your opinion and choices.

Exactly, some time ago, those who want to cheat some money at least put their pictures up with linkedin or facebook accounts, and with escrow. Now coins with nothing new run by anonymous newbies try to get 100s and 1000s bitcoin without even reveal anything. Do they really think investors are so low IQ? or they themselves (newbie "devs") are really low IQ?

The signature thread has been reopened for discussion only. No further submissions will be accepted until the next round.

Escrow suggestions can be made before the next round is opened. Thanks!

can we use other highly reputable escrow for the signature campaign?


Why do you have to close the thread? Where can we get the update? How are we going to know who got accepted in the signature campaign?

Thanks for your support! 

New innovation, I hope so that OroCoin could provide a new thing in the world Cryptocurrency, by comparison is a OroCoin made of gold as one of the benchmark. The quote from official website said "For example, if the price of gold is currently $1,143 USD, then the block reward at current time would be 11.43 OroCoins." We all ought to be waiting for the launch of this coin.

Signature campaign user limit has already been reached. Campaign has been closed for now, until the next round is open. Thanks to everyone who is participating.

Sorry, we will not be paying for newbie campaigns.

can you add newbie for campaign sir, thank you