I never knew the elastic money supply is not new, Base protocol looks to be the first coin making it public and making success with it. I notice this project is not engaging partners, why is that? The roadmap does not show the integration of the coin and trading on exchange, I also think the project will need promotion, Twitter has kept low followers and cant find any followers that can attract me at the moment except æternity blockchain.
Hi there.
From what I see, Base Protocol pegs its currency to all the other cryptocurrencies, 1:1 trillion, in order to achieve stability.
Also, the elastic supply they mention is defined by the total supply of the other alts and cryptos.
Tagion has a different way of defining "elasticity":
"automatically increases and decreases in volume with the demands of the money. Tagion is inspired by the equation of exchange trying to maintain a stable internal price level by regulating the money supply based on the speed of money and adoption of the system. The adoption is an arbitrary measure of the underlying commodities Tagions are used to Trade. Sophisticated algorithm burns and spins of money to secure a stable value of Tagions."
Our algorithm that basically ensures the mechanisms of elasticity and price stability is not pegged or influenced by any basket of currencies or cryptocurrencies.
If you'd like to discuss more, please drop us a visit on our forum at:
https://forum.tagion.org/ or on our official telegram chat:
https://t.me/TagionChat In regards to the roadmap and the whitepaper, we see this as a work in progress, they are constantly updated. We've just completed our first phase with the testnet, and the biggest achievement aside from being able to operate the input-output features (send - receive Tagions), we can say that the database has not been corrupted (which is a huge achievement for us, no matter how small it may look to the world).
Tagion is a self-funded initiative, so we're moving slower than the typical protocols that have massive backing or investments. That should tell you something about the efforts and trust the founders of the project have in what the team is building.
Last, but not least, the number of Twitter followers is irrelevant to how good a project is.
I don't see a point in buying 20k followers just for the sake of "looking good", I'd rather have us work based on our own pace, and gain followers organically, based on what we deliver.
Cheers.