[ICO] CombiCoin current investors up 75% in 1.5 month! Token sales reopened now! - page 37.

kacakkipri

full member

Activity: 350

Merit: 171

Quote from: shade_wrath on September 09, 2017, 06:03:48 AM

Quote from: freqenqerf on September 09, 2017, 05:36:03 AM

Quote from: shade_wrath on September 09, 2017, 12:34:01 AM

Whats the reason of not having a true asset backed coin (considering most of Cryptos cannot be termed as Asset as they are not qualified as securities or stakes backed or something backed by physical or real value) in your list of top 30 coins ?

What do you mean by "true asset"? Gold, silver, oil?

Yes, asset in its real term means backed by something physically. Like Digix Gold token, ZenGold token which is backed by pure Gold in physical form.

I think matching precious metals is against the nature of krypto. There is a certain amount of money in dollars in gold. This applies in other countries' currincies as well. But i think this is not applicable in krypto

freqenqerf

full member

Activity: 364

Merit: 101

Quote from: shade_wrath on September 09, 2017, 06:54:30 AM

The asset which I prefer more will be precious metals, precious stones and Crude oil. I know crude oil need lot of space for storage but it will give opportunity to bring in major market players as partners providing that facility.
Crude will be mostly for speculation based trading, large fluctuations and wider gains. This can also help channel more investments into Oil n Gas industry.
Precious stones and metals for lesser fluctuations, long term holdings with security and better exit strategy (Not just Forex)

It seems to me that backing by such assets can create additional problems in some countries. It is not by chance that in many ICO there are restrictions for residents of some countries.

Piggy

hero member

Activity: 784

Merit: 1416

Quote from: freqenqerf on September 09, 2017, 06:13:55 AM

Quote from: shade_wrath on September 09, 2017, 06:03:48 AM

Yes, asset in its real term means backed by something physically. Like Digix Gold token, ZenGold token which is backed by pure Gold in physical form.

Yes, such tokens exist. I believe that the team is now focusing on crypto, to create a convenient way for people to store a portion of their savings. It is possible that in the future, the new coins of the team will backed by real assets. What kind of asset would you prefer and why?

I think in this case would be better asset backed by fiat or btc so at least is going to keep or increase the value

shade_wrath

full member

Activity: 210

Merit: 101

Any store can buy, sell, and accept Crypto

Quote from: freqenqerf on September 09, 2017, 06:13:55 AM

Quote from: shade_wrath on September 09, 2017, 06:03:48 AM

Yes, asset in its real term means backed by something physically. Like Digix Gold token, ZenGold token which is backed by pure Gold in physical form.

Yes, such tokens exist. I believe that the team is now focusing on crypto, to create a convenient way for people to store a portion of their savings. It is possible that in the future, the new coins of the team will backed by real assets. What kind of asset would you prefer and why?

The asset which I prefer more will be precious metals, precious stones and Crude oil. I know crude oil need lot of space for storage but it will give opportunity to bring in major market players as partners providing that facility.
Crude will be mostly for speculation based trading, large fluctuations and wider gains. This can also help channel more investments into Oil n Gas industry.
Precious stones and metals for lesser fluctuations, long term holdings with security and better exit strategy (Not just Forex)

freqenqerf

full member

Activity: 364

Merit: 101

Quote from: shade_wrath on September 09, 2017, 06:03:48 AM

Yes, asset in its real term means backed by something physically. Like Digix Gold token, ZenGold token which is backed by pure Gold in physical form.

Yes, such tokens exist. I believe that the team is now focusing on crypto, to create a convenient way for people to store a portion of their savings. It is possible that in the future, the new coins of the team will backed by real assets. What kind of asset would you prefer and why?

kacakkipri

full member

Activity: 350

Merit: 171

Project manager Don says %91-99 of money collected in the ico, will invested these 30 coins. It's good and high rate

shade_wrath

full member

Activity: 210

Merit: 101

Any store can buy, sell, and accept Crypto

Quote from: freqenqerf on September 09, 2017, 05:36:03 AM

Quote from: shade_wrath on September 09, 2017, 12:34:01 AM

Whats the reason of not having a true asset backed coin (considering most of Cryptos cannot be termed as Asset as they are not qualified as securities or stakes backed or something backed by physical or real value) in your list of top 30 coins ?

What do you mean by "true asset"? Gold, silver, oil?

Yes, asset in its real term means backed by something physically. Like Digix Gold token, ZenGold token which is backed by pure Gold in physical form.

freqenqerf

full member

Activity: 364

Merit: 101

Quote from: shade_wrath on September 09, 2017, 12:34:01 AM

Whats the reason of not having a true asset backed coin (considering most of Cryptos cannot be termed as Asset as they are not qualified as securities or stakes backed or something backed by physical or real value) in your list of top 30 coins ?

What do you mean by "true asset"? Gold, silver, oil?

kacakkipri

full member

Activity: 350

Merit: 171

Quote from: robeth on September 08, 2017, 09:26:06 PM

I see a signature campaign allocation of 10% of all bounty may affect for those who want to signature,
this combination of coin types or supported by 30 types of coin ... not explained in detail the intent of 30 coin ..thanks

The most powerful and the most potent 30 cryptocurrencies is talking about. You can think of it as an investment fund. We can not pump this coins prices alone but we can do it with this project

Gambit1306

member

Activity: 89

Merit: 10

Quote from: SMF0119 on September 09, 2017, 02:07:07 AM

HI all,

Current funding status.

$1,178,612

Enjoy your Saturday!

Wonderful, the difference between friday and today! I'm really hoping for the soft cap to be met, and at this rate it'll be less than 2 weeks

K-

member

Activity: 98

Merit: 10

Quote from: SMF0119 on September 09, 2017, 02:17:33 AM

Quote from: shade_wrath on September 09, 2017, 12:31:29 AM

Considering Combicoin is Asset backed by Top 30 crypto, what are the possibilities of including more coins to back Combicoin in future? How will this risk the stability of Combicoin?

This CombiCoin will consist out of 30 currencies. The only case that this will change for this version of CombiCoin is when we purchase more then 4% of an asset eg, the number 30. Then we will add a number 31 to CombiCoin. This is done so that CombiCoin will not have an influence on the value of that cryptocurrency.

As mentioned in the whitepaper we will first focus all efforts on CombiCoin and the automated exchange software. If work on them have been finished then we will start working on creating a new kind of CombiCoin. This new CombiCoin will also be managed by the automated exchange software.

The Triaconta token is what I like most. We have 2 perfect coins : one for stability and the other one to earn a passive gain.
Better then this?

SMF0119

full member

Activity: 167

Merit: 100

Co-founder Triaconta

Quote from: shade_wrath on September 09, 2017, 12:31:29 AM

Considering Combicoin is Asset backed by Top 30 crypto, what are the possibilities of including more coins to back Combicoin in future? How will this risk the stability of Combicoin?

This CombiCoin will consist out of 30 currencies. The only case that this will change for this version of CombiCoin is when we purchase more then 4% of an asset eg, the number 30. Then we will add a number 31 to CombiCoin. This is done so that CombiCoin will not have an influence on the value of that cryptocurrency.

As mentioned in the whitepaper we will first focus all efforts on CombiCoin and the automated exchange software. If work on them have been finished then we will start working on creating a new kind of CombiCoin. This new CombiCoin will also be managed by the automated exchange software.

SMF0119

full member

Activity: 167

Merit: 100

Co-founder Triaconta

HI all,

Current funding status.

$1,178,612

Enjoy your Saturday!

shade_wrath

full member

Activity: 210

Merit: 101

Any store can buy, sell, and accept Crypto

Combicoin will be developing a semi-autonomous trading software which will need human intervention to confirm all transactions.
Considering major part i.e. 90%+ of all your ICO collection is going to Asset backing, what stopped you from developing a prototype to display the functionality of your trading software which I assume is used to make sure there is balance between Combicoin and Assets its based on?

shade_wrath

full member

Activity: 210

Merit: 101

Any store can buy, sell, and accept Crypto

Quote from: SMF0119 on September 06, 2017, 07:30:03 AM

Quote from: shade_wrath on September 06, 2017, 03:13:23 AM

Hi devs,

I would like to check how will be your screening procedures be for adding top 30 coins which will be so called as asset backing Combicoin? As you are aware of fluctuations in Crypto, pumps/dumps by whale and market manipulator, new coins being released everyday. This will make your Top 30 list change very often.

Whats the reason of not having a true asset backed coin (considering most of Cryptos cannot be termed as Asset as they are not qualified as securities or stakes backed or something backed by physical or real value) in your list of top 30 coins ?

Yes, we are very aware of the volatile nature of cryptocurrency. That's why we added Professor Dr Arie Buijs as one of our advisors. He is a specialist and published author in indexing. We have set out clear rules when coins will be replaced and how this is done/determined. You can find this procedure in our whitepaper in the chapter "construction of CombiCoin". The exact procedures are explained in the appendixes of our whitepaper.

Thanks for explanations, can you clarify details on my following question as well:

Whats the reason of not having a true asset backed coin (considering most of Cryptos cannot be termed as Asset as they are not qualified as securities or stakes backed or something backed by physical or real value) in your list of top 30 coins ?

shade_wrath

full member

Activity: 210

Merit: 101

Any store can buy, sell, and accept Crypto

Considering Combicoin is Asset backed by Top 30 crypto, what are the possibilities of including more coins to back Combicoin in future? How will this risk the stability of Combicoin?

susunyonya

full member

Activity: 308

Merit: 100

hopefully the project enthusiasts more and more because I see this project will be a success and I participate in the gift of this project.

Piggy

hero member

Activity: 784

Merit: 1416

Quote from: kacakkipri on September 08, 2017, 09:00:20 PM

Today ico is a little stagnant but it does not matter to us. I'm sure it will succeed. I invite those interested in the project to telegram. We have a nice conversation

With the week end coming, a think its kinxd of expected

robeth

member

Activity: 70

Merit: 10

I see a signature campaign allocation of 10% of all bounty may affect for those who want to signature,
this combination of coin types or supported by 30 types of coin ... not explained in detail the intent of 30 coin ..thanks

kacakkipri

full member

Activity: 350

Merit: 171

Today ico is a little stagnant but it does not matter to us. I'm sure it will succeed. I invite those interested in the project to telegram. We have a nice conversation

Topic: [ICO] CombiCoin current investors up 75% in 1.5 month! Token sales reopened now! - page 37. (Read 29443 times)