So is the idea behind TRUST coin for it too become like a stock option once you guys have the bank license and can put assets behind it? Or is the value from the coin going to be derived from its increased use on Trust Digital platforms by customers as the company grows?
I’ll try to explain, we have our projects broken into these three. Trust Digital is holding a hedge of coins to apply for a Bank Charter in Minnesota USA. The goal is to create legal Loans and Assets fast with the hedge support as collateral. BitCram will increase Trust use by helping people make a living on the Crypto Ecosystem. Steady legal paycheck for less tax liabilities. MitchellMint runs the mining, minting and forging. Creating a sustainable cash flow for previous two projects. Every week we decide what to buy with our MitchellMint funds.
To be extremely transparent, our purchases of TRUST with our BTC stash requires a 30-day notice of price and amount like any corporate purchase. We don’t pump our price and do not participate in trades on Bittrex to artificially inflate volume. Some people have used misinformation to over value coins. Watch-out! We will be very clear when we buy TRUST.
When I was working (marketing, mining and code review) with so many altcoins in 2012, I needed some place to store outside of BTC and keep it quiet enough to prevent the pumps. So I bought a private wallet for TRUST a year later and distributed coins through GPU mining. The true IDEA is to make a safe accounting ledger. TRUST is the accounting ledger we use. We also support its nodes and help people install wallets. We are no where near as popular as the top ten coins but people continue to help move the project forward.
Does this help? - Trav
Okay yeah that makes sense. I was trying to get an idea by reading the past posts, but this explains it perfectly. Glad to see a blockchain project that is actually building up value instead of trying to justify a billion dollar valuation with clever marketing and big promises.
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