Title: Creating Backed Cryptographic Currency for ppl who want stable coin. Post by: KingScorpio on June 08, 2017, 10:06:18 AM Hello Forum,
i would like to develop and release a patented Cryptocurrency row linked to its own Asset Managment Company that will be backed in its value and reliablity by the Assetportfolio of that Company, since it is very unlikely that Cryptocurrencies will unify and they will not disapear. For this i need skilled people that want to do something and want to have a socialeconomic impact on their Cities Communities, as Co-Founders and Developers, and earn money this way, without releasing another scammcoin IT-System into the world. that is nothing but some warm air. (see https://coinmarketcap.com/all/views/all/) so we want to design a Backed Tether Coin row! that will be stable and reliable similar like the Groups Duality and Tether already do. Since these two groups arent willing or able to grow and to expand to offer their products somwhere else, i think that a New Group with Backed Cryptocurrency can be successful, especially a more growth oriented one. Since this will not just be an anynomous unbacked coin like Bitcoin, it is necessary to also develop a formal official company with it. This Includes regular IAS Accounting publications and etc. but that makes the Currency reliable at all! You can observe a similar endproduct on https://duality.solutions/ the rewards are therefore much higher than trading with coins or releasing more anonymous scamcoins (now there are already more than 842) that no one knows what they are good for. and the rewards will be much less speculative. short about me I am 32 Years old and from Germany The Project needs most importantly in the beginning: 1. Blockchain Developer 2. Web Developer Later Business Strategists Social Media Marketeers, Customer Support Hosting and Systems Analysts Accounting and Website Administration, Asset Managment and more this will not just be an Internet Project, the Corporation should later be decentral and shape its environment. I think a 95% Currency Backing in the interest of the tokenowners is successfully achievable. The Current global economic environment looks quite welcoming for longtermprojects like this one. Where Central Banks like in China or USA have widespread Impact there is a Lack of alternative Culture furthermore there is an upcoming decentralisation of the financial system there, where Central Banks are not effective enough like in India there is a lack of employment opportunities, there hard and reliably valuestorage systems are needed. If this Projects Develops itself well it will pay off good, and gives you a Chance to not just shape your environement in the Digital sphere but also your social one. In Europe u have a dysfunctional Banking system that benefits only an established group owning lots of hard assets. The mining rewards should be arround 1% the backed ammount issued at the begining that should be sustainable for a hard Cryptocurrency pointing out that arround 95% of the collected alien Liquidity will be Invested into a Currency Backing Portfolio backing and serving the Currencytoken Owners. That will make the Currency reliable and valuable. beeing not just a currency token but also in a way a stok and a share. So if there is Interest and available Skill in this forum just write me a PN and you will be added to the workgroup for this project regards Kingscopio Title: Re: New Backed Hard Cryptographic Currency looking for Members Post by: KingScorpio on June 08, 2017, 01:40:42 PM I have here a calculated estimation with miner rewards and the Currency Backing yields to give an understanding how the Currency Backing will sustain Mining costs and generate Income for the Holding of it
this example is for an issuance of 475000 token sold for the fixed price of 5€ backed by 95% Priority Distribution pow masternode Faktor 0,090909091 Portfolio riskaverse Yield 3% Token Price 5 € year Total Miner Reward Masternode POW Faktor Change Production Total Mining Costs in Percent Portfolio Backing Asset Value Portfolio Yield Miner Share Value of Miner Acumulated Share 0 per year per Block Per Block per Block 475000 475000 2.375.000 € 0 € 1 4750 0,019266338 0,001751485 0,017514853 1 4750 479750 1% 2.446.250 € 71.250 € 24.463 € 24.463 € 2 4750 0,019266338 0,001751485 0,017514853 1 4750 484500 1% 2.519.638 € 73.388 € 25.196 € 49.659 € 3 4750 0,019266338 0,003502971 0,015763367 2 4750 489250 1% 2.595.227 € 75.589 € 25.952 € 75.611 € 4 4750 0,019266338 0,003502971 0,015763367 2 4750 494000 1% 2.673.083 € 77.857 € 26.731 € 102.342 € 5 4750 0,019266338 0,005254456 0,014011882 3 4750 498750 1% 2.753.276 € 80.193 € 27.533 € 129.875 € 6 4750 0,019266338 0,005254456 0,014011882 3 4750 503500 1% 2.835.874 € 82.598 € 28.359 € 158.233 € 7 4750 0,019266338 0,007005941 0,012260397 4 4750 508250 1% 2.920.950 € 85.076 € 29.210 € 187.443 € 8 4750 0,019266338 0,007005941 0,012260397 4 4750 513000 1% 3.008.579 € 87.629 € 30.086 € 217.529 € 9 4750 0,019266338 0,008757426 0,010508912 5 4750 517750 1% 3.098.836 € 90.257 € 30.988 € 248.517 € 10 4750 0,019266338 0,008757426 0,010508912 5 4750 522500 1% 3.191.801 € 92.965 € 31.918 € 280.435 € 11 4750 0,019266338 0,010508912 0,008757426 6 4750 527250 1% 3.287.555 € 95.754 € 32.876 € 313.311 € 12 4750 0,019266338 0,010508912 0,008757426 6 4750 532000 1% 3.386.182 € 98.627 € 33.862 € 347.173 € 13 4750 0,019266338 0,012260397 0,007005941 7 4750 536750 1% 3.487.768 € 101.585 € 34.878 € 382.050 € 14 4750 0,019266338 0,012260397 0,007005941 7 4750 541500 1% 3.592.401 € 104.633 € 35.924 € 417.974 € 15 4750 0,019266338 0,014011882 0,005254456 8 4750 546250 1% 3.700.173 € 107.772 € 37.002 € 454.976 € 16 4750 0,019266338 0,014011882 0,005254456 8 4750 551000 1% 3.811.178 € 111.005 € 38.112 € 493.088 € 17 4750 0,019266338 0,015763367 0,003502971 9 4750 555750 1% 3.925.513 € 114.335 € 39.255 € 532.343 € 18 4750 0,019266338 0,015763367 0,003502971 9 4750 560500 1% 4.043.279 € 117.765 € 40.433 € 572.776 € 19 4750 0,019266338 0,017514853 0,001751485 10 4750 565250 1% 4.164.577 € 121.298 € 41.646 € 614.421 € 20 4750 0,019266338 0,017514853 0,001751485 10 4750 570000 1% 4.289.514 € 124.937 € 42.895 € 657.317 € 21 4750 0,019266338 0,017514853 0,001751485 10 4750 574750 1% 4.418.200 € 128.685 € 44.182 € 701.499 € 22 4750 0,019266338 0,017514853 0,001751485 10 4750 584250 1% 4.687.268 € 136.522 € 46.873 € 793.879 € 24 4750 0,019266338 0,017514853 0,001751485 10 4750 589000 1% 4.827.886 € 140.618 € 48.279 € 842.158 € 25 4750 0,019266338 0,017514853 0,001751485 10 4750 593750 1% 4.972.723 € 144.837 € 49.727 € 891.885 € 26 4750 0,019266338 0,017514853 0,001751485 10 4750 598500 1% 5.121.904 € 149.182 € 51.219 € 943.104 € 27 4750 0,019266338 0,017514853 0,001751485 10 4750 603250 1% 5.275.561 € 153.657 € 52.756 € 995.859 € 28 4750 0,019266338 0,017514853 0,001751485 10 4750 608000 1% 5.433.828 € 158.267 € 54.338 € 1.050.198 € 29 4750 0,019266338 0,017514853 0,001751485 10 4750 612750 1% 5.596.843 € 163.015 € 55.968 € 1.106.166 € 30 4750 0,019266338 0,017514853 0,001751485 10 4750 617500 1% 5.764.748 € 167.905 € 57.647 € 1.163.814 € 31 4750 0,019266338 0,017514853 0,001751485 10 4750 622250 1% 5.937.691 € 172.942 € 59.377 € 1.223.191 € 32 4750 0,019266338 0,017514853 0,001751485 10 4750 627000 1% 6.115.822 € 178.131 € 61.158 € 1.284.349 € 33 4750 0,019266338 0,017514853 0,001751485 10 4750 631750 1% 6.299.296 € 183.475 € 62.993 € 1.347.342 € 34 4750 0,019266338 0,017514853 0,001751485 10 4750 636500 1% 6.488.275 € 188.979 € 64.883 € 1.412.224 € 35 4750 0,019266338 0,017514853 0,001751485 10 4750 641250 1% 6.682.923 € 194.648 € 66.829 € 1.479.054 € The Currency Backing Portfolio would grow with a risk averse yield of 3% from 2.4 Million to 6.682 Million but even this is not much because the Inflation and Money Printing excesses of the Banking elite might even grow it more, furthermore the miners will own basically 35% of the Currency Backup after 35 years. Since Duality has already issued a second Backed Coin i offer hereby a more longterm and less speculative form to invest and to design into Blockchain tech. and its possible products. furthermore potential owners of this cryptocurrency will know that this is a Backed token that has nothing to do with fractional reserve Banking that is Basically ruling the World today mixed with oil Currency wars of the united states. Which would make a system like this more reliable in the Future of a multipolar world. regards Title: Re: Creating Backed Cryptographic Currency for ppl who want stable coin. Post by: x8currency on August 28, 2017, 05:03:23 PM There is a revolution going on in the field of stable and liquid cryptocurrencies.
We believe that our solution, a stable cryptocurrency named X8C, can build a bridge between fiat currencies and crypto world. X8C is 100% backed with fiat currency and gold coins, redeemable at any time. In the background, X8C price is pegged to 8 main currencies + gold coins price, but also 1-2% yearly gain is obtainable through portfolio management. Read more here: x8currency web page (https://x8currency.com/) and Medium blog (https://medium.com/x8currency). |