Bitcoin Forum

We launched USD-tied asset on NXT Asset Exchange, which can also be traded at Poloniex.com for BTC
Coinmarketcap listing: http://coinmarketcap.com/assets/coinousd/

NXT AE link: http://nxtreporting.com/?as=12982485703607823902

Poloniex XUSD market: https://poloniex.com/exchange#btc_xusd

• What is CoinoUSD?
  CoinoUSD (ticker XUSD) is a cryptocurrency tied to USD. Deposit and withdrawal to/from CoinoUSD are carried out at Coinomat.com for a range of different e-currencies and cryptocurrencies. It can also be withdrawn to any VISA/MASTER card.
  
• How can I use CoinoUSD?
  - You can trade it against NXT on NXT AE
  - You can trade it against BTC at Poloniex.com
  - You can withdraw it at Coinomat.com to your bank card or bank account, or to several e-currencies and cryptocurrencies (PerfectMoney, Okpay, Bitcoin,Litecoin,NXT, peercoin).
  - You can buy it at Coinomat.com and deposit it to Poloniex, and then buy some BTC for example.
  Probably the most widespread usage would be withdrawing your BTC funds at Poloniex or NXT directly to your Visa/Master card.
  
• Who are you?
  We are an instant cryptocurrency exchange Coinomat.com, our asset Coinomat is traded at NXT AE and Poloniex (CNMT). Coinmarketcap.com listing: http://coinmarketcap.com/currencies/coinomat/
  
• How is this different from Bitshares BitUSD or NuBits?
  BitUSD is related to USD through so-called market peg, dynamical market procedure. On the contrary CoinoUSD exchange rate to USD is fixed at coinomat.com, we sell it with zero (or close to zero) margin and buy it back with a small margin of around 2%.
  

Our ultimate goal is to provide USD transfer medium on blockchain, thus allowing fiat deposits to exchanges which don't have them, and the ability to transfer USD on blockchain in general.

So,is this the true coinomat.com?

Yes, check the CoinoUSD operations at Coinomat to verify.

https://coinomat.com/coinousd.php (https://coinomat.com/coinousd.php) CoinoUSD promo

Something very usefully!!
Thank you for this.

The Fiat <-> Crypto is still a bumpy road. This at least get's you the oportunity to convert BTC to USD (CoinoUSD) and back if your trading strategy requries it without haveing to give up your last bit of anonymity/identity.

Thank you, that's what we're trying to do, offer a way for exchanges to have USD trading and let their customers withdraw money directly to fiat.

Sweet. Curious as to the withdrawal methods.

You can withdraw it to your bank card, and to various e-currencies

New market https://poloniex.com/exchange/xusd_hyp  ;)

Now if only we could get some fair priced XUSD on polo...

Working on that
Expect it at the end of the week

Thanks, I think this really has some potential. But for such a concept to work it needs to be more liquid. I am working on making the HYP/XUSD market liquid, and we will be encouraging our users to cashout in XUSD if they want fiat.

Thanks for the good work!

Right now it looks like xusd is sold out everywhere  :'(

On Polo it's trading now, the volume will grow.

The market has been much better there thanks  ;)

We provide market making now there using automated orders. Now the volume should gradually grow to good values.

Can please someone explain me how CoinoUSD is emitted?

In Genesis block so to say, it's a centralized issue. The infrastructure is decentralized, market making is not.

Direct BTC and other crypto to CoinoUSD exchange is available at Coinomat.com
Coinmarket.cap link: http://coinmarketcap.com/assets/coinousd/

We started paying interest on CoinoUSD. The interest rate will be fixed at 0.5% monthly. The first interest payment has been processed. Future payments will be made only to accounts holding CoinoUSD asset at least for a month.

removed today from poloniex ?

Hello "coinomat.com",

Coinmarketcap page indicates 100,000,000 total supply / 1,180,442 available supply.

So is the interest only being applied to the available supply or total supply? How many coins do you/dev team control that are receiving monthly interest?

You'd better stop paying that interest, or at least lower the interest rate. 6% yearly is a bit much, raises suspicions that Coinomat experiences solvency problems. Just a humble opinion.

It was done to stimulate using CoinoUSD as a store of value. We are thinking about other ways too.

CoinoUSD ANN

https://bitcointalk.org/index.php?topic=1000725.0 (https://bitcointalk.org/index.php?topic=1000725.0)

What are the ways one is currently able to obtain CoinoUSD if they wanted to purchase some?

coinusd(XUSD) is very long time not active sir
youre can see, in comment abover for you, last comment in 2015, this now 2017
after dilisted from poloniex, and poloniex replace USDT
coinusd(XUSD) nothing exchanger support coinoUSD

How much do your team have in Bank or GOld that is backing the value of the token, Tether is backed by real Dollar not virtual.

I see that now - the following is from there website:

 
CoinUSD temporarily disabled
CoinoUSD is disabled until further notice. Please do not trade it at NXT Asset Exchange!

CoinoUSD was replaced by NXTUSD before its closure. Now the service is completely ignored by its founder Sasha, including many other assets like cryptofund etc. He ignored its investers' interest and just closed it down and turned to Waves' ICO. Disgusting!