100 coins are 1 USD. So if you deposit 0.01 btc u get 8400 coins. If u want to withdraw your coins (balance on website, NO TOKEN OR COIN) will get converted to BTC/ETH. Fore example u want to withdraw 10000 coins. U will get 10000/100/8400 = 0.0119 BTC at price of 8400$ per btc.
Seems that you didn't get what I asked.
Assume that now bitcoin price is 10,000 dollars. I deposit 0.01 BTC and get 10,000 Coins. I don't gamble and my balance doesn't change.
After a month bitcoin price drops to 5,000 dollar. Now those 10,000 coins value is equal to 0.02 BTC. Can I withdraw 0.02 BTC while I had deposited 0.01 BTC one month ago?
Now this is interesting.
What would the OP do if the price is fixed in dollars it can be exploited with the volatility of the market itself. I'd like to know what are their approach on this matter because I too is stooked atm.
Edit:
Yes, as the system is designed right now, u will get usd value of the deposit exchanged to coins (on site balance, NO TOKEN OR BLOCKHAIN COIN) which is 100 coins for 1$. So if 0.01 btc = 100$ at the time of deposit, u will get 10000 coins and when u withdraw 10000 coins at the time the price of 0.02 btc = 100$, u will get 0.02 btc for the 10000 coins.
Please keep in mind coins are referring to balance of user on the website. There is no actual token or blockchain coin. So Jackbit has no own ICO or token issuance.
Oh i see that's how it is.
I thought someone could just exploit like that.