Topic: [NEW Concept] Yearly Fixed Price Alt coin Exchange (Read 905 times)
http://www.stlcoin.org/exchange First ever fix for 180 days with controlled increase in value exchange STL into USD
I knew that was coming.. still optimistic !
Really sticking to the decentralized theme there aren't you? Artificially inflated prices have worked so well in the past
If you didn't pick up my sarcasm...with all due respect, this is a stupid idea and it will never succeed
If you didn't pick up my sarcasm...with all due respect, this is a stupid idea and it will never succeed
Now bare with me here..
As you know biggest issue bitcoin / all cyrpto is a stable price, rate of adoption has slowed down cause of it. Stabilized price means higher rate of acceptance and use. This new concept of exchange will set the price for the year at for example: 0.50 USD per 1 STL, after one year price is reviewed with potential of increase, never decrease, with a potential of 400% increase first year, second year a 300% and year 3 200%...etc. stable control of increasing in value. Only increase price if we think the system will support it based on other exchange values, how well site is doing, number of outlets accepting the coin etc. After first year may just increase only 80%, or not at all. Controlled calculated increase of value yearly, could even do online vote on value increase. General public will have a set value for the year in there mind and that is huge; allows for much greater acceptance and trade.
Selling of STL initially will have unlimited to maybe 200 STL per day and can't buy STL unless someone purchased STL ,will only buy 50 per day plus fee of STL if enough USD is on Hand. Logic behind balance of incoming and out coming; on / off ramp. By adjusting daily limits of buying and selling will allow control of the cycle or abuse of system, in theory. LOL In theory more people will accept the crypto and keep cyrpto trading not cashing out. System should protect from a run on bank.
This will accomplish one thing, everyone will know and think 0.50 usd = 1 stl for the year, with potential of controlled increase in value for speculation purchase. How if coin holders of STL want to undersell at other exchanges or trade, no controlling them; could hurt our purchasing power.
Guess makes sense to setup wallet system, but really would like not too. Rather just buy and sell... Fees from purchases would be only income from the site. I'm super curious if this concept could work, such a concept could stabilize all the other alt coins, could be the tipping point for mass acceptance.
Would like to test the concept on STLcoin.. Any one interested?
Website will show how many days left til review of price, amount of USD and STL on Hand to buy or sell, limits on buying and selling..
Thank for listening ... stlcoin.org "St.Louis is the first city in the world to have it's own virtual currency."
As you know biggest issue bitcoin / all cyrpto is a stable price, rate of adoption has slowed down cause of it. Stabilized price means higher rate of acceptance and use. This new concept of exchange will set the price for the year at for example: 0.50 USD per 1 STL, after one year price is reviewed with potential of increase, never decrease, with a potential of 400% increase first year, second year a 300% and year 3 200%...etc. stable control of increasing in value. Only increase price if we think the system will support it based on other exchange values, how well site is doing, number of outlets accepting the coin etc. After first year may just increase only 80%, or not at all. Controlled calculated increase of value yearly, could even do online vote on value increase. General public will have a set value for the year in there mind and that is huge; allows for much greater acceptance and trade.
Selling of STL initially will have unlimited to maybe 200 STL per day and can't buy STL unless someone purchased STL ,will only buy 50 per day plus fee of STL if enough USD is on Hand. Logic behind balance of incoming and out coming; on / off ramp. By adjusting daily limits of buying and selling will allow control of the cycle or abuse of system, in theory. LOL In theory more people will accept the crypto and keep cyrpto trading not cashing out. System should protect from a run on bank.
This will accomplish one thing, everyone will know and think 0.50 usd = 1 stl for the year, with potential of controlled increase in value for speculation purchase. How if coin holders of STL want to undersell at other exchanges or trade, no controlling them; could hurt our purchasing power.
Guess makes sense to setup wallet system, but really would like not too. Rather just buy and sell... Fees from purchases would be only income from the site. I'm super curious if this concept could work, such a concept could stabilize all the other alt coins, could be the tipping point for mass acceptance.
Would like to test the concept on STLcoin.. Any one interested?
Website will show how many days left til review of price, amount of USD and STL on Hand to buy or sell, limits on buying and selling..
Thank for listening ... stlcoin.org "St.Louis is the first city in the world to have it's own virtual currency."
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