Topic: XOV: creating a central bank for cryptocurrency markets - page 55. (Read 68777 times)
Looking forward to this project.
This support from Emin Gun Sirer is really good news/ I wish you just do this project and people can be happy!
Looks like a there will be a good project in here found this one interesting
Centralization and trust will give in the markets more stabilization of currencies.
We wont more stability.
Hope this project promises success
We wont more stability.
Hope this project promises success
Free Tokens are always welcome. I'm keeping an eye on your project
The project theme is good there is lot of fluctuation in value of cryptocurrency so we need a bank who can monitorized and can give real value what the coin is to be..
I already have stable currency, namely euro but this goes annual about 5% down, maybe stability will always cost something.
I think that banks and crypto-currency are not compatible, but it's interesting to see what will come of it.
Look like a good concept in up coming ICO.....hope it continue to progress as expected.
If I understood what was written in the light paper, it means XOV will be injecting more tokens into the ecosystem to maintain the value of the token when prize increases and also reduce the circulating supply to make up for prize drop at any instance? Does that mean there won't be a fixed circulating supply of XOV tokens because I didn't find any technical details about the coin in the light paper.
Some bad eggs are heavily controlling the market and organizing successful pumps because of the the low total market cap of cryptocurrency and the anonymity.
I believe when the market cap gets to trillions of dollars, maybe then it will be a little difficult to manipulate the market like the do right now.
Some bad eggs are heavily controlling the market and organizing successful pumps because of the the low total market cap of cryptocurrency and the anonymity.
I believe when the market cap gets to trillions of dollars, maybe then it will be a little difficult to manipulate the market like the do right now.
There is a lot of talk about 'centralised' and 'bank' etc. Everyone gets scared when these words are used. People who buy into the blockchain are usually anti-bank and anti-centralisation. We do not disagree with you. What people fail to understand with XOV is that we are not your traditional bank. Firstly, the XOV Bank will create its own decentralised currency. This currency will operate like every other cryptocurrency in the market except it's stability will be controlled. This means that when you hold 1,000 XOV and it's value is $100 for an example, the next day it's not going to be worth $50 or $10 when you wake up. A lot of people who support the blockchain are fed up of the extreme volatility. Yes, we all want a currency that's not controlled by Governments and Banks, but we also want it to hold its value and to be safe. XOV acts like a Bank in that we will provide an infrastructure where you can hold your crypto-assets that will keep it safe and hold its value overnight. We will also allow people to invest it in return for fixed interest. The coins will still be in your control, but you will place them in a stable blockchain infrastructure. All the XOV centralisation will be around how to manage this stable infrastructure using a combination of AI and human intelligence.
In essence XOV is going to control the prize of only the tokens they hold and the ones users sent to the platform. The prize of the rest of the tokens being held and traded by people are still going determined by the prevailing market exchange rate? Does it mean that the token will only be traded in your platform? I don't seem to get how you plan to control and stabilize the prize of the token.After being scammed recently of my hard earned money, the next thing that came to my mind was how to get the scammer. I can see my coins and the rest of other victims moving from one account to the other but do not know how to get them back. I think we really need regulation of some sort.
This is great but I do not seem to get it all clear. Why decentralizing what you refer to as "Central bank"? Is that not completely contradicting?
There is a lot of talk about 'centralised' and 'bank' etc. Everyone gets scared when these words are used. People who buy into the blockchain are usually anti-bank and anti-centralisation. We do not disagree with you. What people fail to understand with XOV is that we are not your traditional bank. Firstly, the XOV Bank will create its own decentralised currency. This currency will operate like every other cryptocurrency in the market except it's stability will be controlled. This means that when you hold 1,000 XOV and it's value is $100 for an example, the next day it's not going to be worth $50 or $10 when you wake up. A lot of people who support the blockchain are fed up of the extreme volatility. Yes, we all want a currency that's not controlled by Governments and Banks, but we also want it to hold its value and to be safe. XOV acts like a Bank in that we will provide an infrastructure where you can hold your crypto-assets that will keep it safe and hold its value overnight. We will also allow people to invest it in return for fixed interest. The coins will still be in your control, but you will place them in a stable blockchain infrastructure. All the XOV centralisation will be around how to manage this stable infrastructure using a combination of AI and human intelligence.
very cool , lets see how far this project going
Good Luck
It is a good idea , how ever cryptocurrency is decentralized , but to protect cryptocurrency , i think we need a central bank for cryptocurrency, otherwise cryptocurrency will fall. But again this is going to be a fiat bank. therefore we need a decentralized central bank for cryptocurreny
Looks great sofar. Keep the pace.
There is a lot of talk about 'centralised' and 'bank' etc. Everyone gets scared when these words are used. People who buy into the blockchain are usually anti-bank and anti-centralisation. We do not disagree with you. What people fail to understand with XOV is that we are not your traditional bank. Firstly, the XOV Bank will create its own decentralised currency. This currency will operate like every other cryptocurrency in the market except it's stability will be controlled. This means that when you hold 1,000 XOV and it's value is $100 for an example, the next day it's not going to be worth $50 or $10 when you wake up. A lot of people who support the blockchain are fed up of the extreme volatility. Yes, we all want a currency that's not controlled by Governments and Banks, but we also want it to hold its value and to be safe. XOV acts like a Bank in that we will provide an infrastructure where you can hold your crypto-assets that will keep it safe and hold its value overnight. We will also allow people to invest it in return for fixed interest. The coins will still be in your control, but you will place them in a stable blockchain infrastructure. All the XOV centralisation will be around how to manage this stable infrastructure using a combination of AI and human intelligence.
Interesting project although I'm a little worried over its centralised structure
stabilise the crypto markets ,a good idea ,good luck
Looks like a very interesting project. i am interested in XOV
Don't miss guide this great ICO future project, I think this will be change global currency structure.
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