Author

Topic: Spend BTC/XCP/etc. to buy and hold MPUSD, earn FREE XCP in dividends (Read 626 times)

sr. member
Activity: 472
Merit: 250
Never spend your money before you have it.
We've launched MPUSD, a full reserve USD asset to allow USD trading on the Counterparty DEX.
Buy it and make some free XCP. . .

In order to promote our new Counterparty Assets which are 100% USD backed and redeemable (for full face value in BTC or MP) currency, we'll be paying a total of at least 2000 XCP in dividends to holders of MPUSD over the next month on about a weekly basis. We may or may not continue this promotion after that into future months depending on interest.
At the current distribution levels of 10,000 MPUSD that would be 0.2 XCP per MPUSD if held for the next month (BIG PROFIT!!).
If there is sufficient demand, we will issue and distribute more MPUSD so long as our publicly verifiable Bitcoin reserves are at least 200% of the MPUSD value distributed (to ensure adequate backing for the currency).

We've also designated another 500 XCP to be paid to the first professional/central website exchange that continuously allows MPUSD/BTC trading available to users through TOR for one week without interuptions (linking to the official post description about what MPUSD is). Theoretically, an exchange operator could buy out virtually all of the MPUSD and facilitate trading it on their exchange while doube-dipping into both of these promotions for close to the full XCP reward (provided others don't buy into MPUSD or withdraw their MPUSD from the exchange). This promotion expires April 15th, making April 8th the last day for exchanges to ask for review on the reward (send email or chat message to notify us of your implementation to allow our monitoring of your uptime).

We openly trade cryptocurrencies through Torchat, FacebookChat, and the Counterparty Distributed EXchange (DEX). More info about these new fully backed currencies our feedback thread - https://bitcointalksearch.org/topic/m.5664449
Jump to: