Can anyone explain to me what the benefit is of launching a crypto and accept it in your own shop instead of accepting, say BTC for example?
because we can offer a fixed price for the coin for goods and create a stable price is the main reason.
To clarify tho dev, what happens if the exchange price goes over 750? Would you then update the stable price?
as soon as exchange goes over 700 we will update to 1000
Sweet! So the plan is to gradually increase the stable price as the exchange price rises?
Sweet! We have found a way to endlessly print money. Unless someone asks with what exactly the price will be backed up and for how long (stated goal is 7.8M USD marketcap).
I will stop here, I have said what I wanted to say. Good luck to anyone buying this.
pegging derivatives to assets is nothing new, it happens all the time.
Derivative
A derivative is a security whose price is dependent upon or derived from one or more underlying assets. Learn more on how investors can use this financial instrument in their trading strategies.
Underlying asset is our stock of chems, derivative is EUPH. We guarantee to provide you with our chems at a set rate to the derivative, chems have fixed fiat value. People can choose to accept or not our peg against the underlying asset, no one is forcing them to. They can just pay with fiat if they want. However we guarantee a cheaper price if you use EUPH.
Why?
1. gives us a USP and generates interest
2. no merchant fees
3. we still make profit just less
Anyway... all by the by. Clearly you are dubious about the whole thing and that is your prerogative, no one is asking you to buy, mine or be involved.
With that, as price is now stable over 600 Sat we have set our peg to 1k sats.