[HOW TO MANIPULATE MARKET PRICE OF A CRYPTO LEGALLY?]

HOW TO MANIPULATE MARKET PRICE OF A CRYPTO LEGALLY?

Being an Econometrician, I analyse the market price movements of various securities. Lately, I was analysing various Cryptocurrencies like Bitcoin, Ethereum and Ripple. These Cryptocurrencies are incredible but economically, they have a problem, that being extreme fluctuations.

The problem of high volatility can be solved by price manipulation but price manipulation is not strictly legal. Well, it is legal if we take an approach which already exists and has been used by Companies and Securities Exchanges throughout. These approaches are called stock split and reverse stock split.

What if there is an asset controlled by a Central Authority with a system that incorporates these approaches to solve the problem of extreme volatility to present traders and investors what they need.

Krown is the first ERC20 compatible native token of Plutocracy (Digital Economy) deployed on the Ethereum Blockchain to implement these approach.


ILLUSTRATION

Rapid fall in the market price of the Krown: For illustration purposes, consider there are 1000 units of Krown in the economy. If the market value of Krown decreases from 0.90 USD to 0.80 in a day, then 7.5% of Krown Supply is burnt from Central Authority's account to reduce the supply of Krown to 925 units adjusting the market price to 0.864 USD thereby mitigating extreme fluctuations. In case of rapid growth, Krown is minted to increase supply and reduce the market price ensuring sustainable growth.

Note: Increasing and decreasing supply will be done under the careful econometric analysis of economic factors.

Exchanges will be notified about the price adjustment in advance. Other features of the Krown include a Settlement Function which is used to settle a debt, undo fraudulent transactions and retrieve stolen funds.

LINKS

Learn more about the Krown by reading the Official Whitepaper: www.plutocracy.co/resources/pdf/Plutocracy_Whitepaper.pdf

The Krown Token Smart Contract is a verified and published Smart contract: www.etherscan.io/address/0x10e886bacd4a12c21bb39646751374eae495b776

ENS Name of the Krown Smart Contract: thekrown.eth

Krown sale Coming Soon, Stay tuned. Crowdsale Contract will be resolved under ENS Name: krownico.eth

Don't forget to follow on twitter to stay up to date latest info and Krown Sale: www.twitter.com/krownplutocracy

Official Website: www.plutocracy.co

Blog: www.medium.com/plutocracy-the-krown

If you have any questions, Send an Email to: krown@plutocracy.co

[World's first secure Digital Economy which is immune to Financial Crisis.]

World's first secure Digital Economy which is immune to Financial Crisis.

Plutocracy is first stateless Decentralized Economy deployed on the Ethereum blockchain. It is the Central Authority for ERC 20 compatible token, Krown. Plutocracy operates under particular protocol governed by secure functions. The primary objectives are to preserve and grow the wealth of token holder,  ensure self-sufficiency in the economy and avoid Financial Crisis in the Plutocratic Economy.
 
What makes Plutocracy immune to Financial Crisis?
 
In the Plutocratic economy, the liability of the borrower is limited to the units of Krown borrowed irrespective to the market value of the Krown. This system is to avoid lending motivated by receiving interest or other incentives (commission) on borrowings which would prevent financial crisis inside the Plutocratic economy.
 
How will the economy grow without lending?
 
In the economy, if the market value of the Krown is expanding rapidly, the economy is taxed, and if the value of Krown is subsiding or denying growth, the economy is rebated. This taxing and rebating ensures the stable, sustainable growth of the economy without inflation and avoids market value exceeding the intrinsic value significantly (Economic bubble). Proceeds of the taxed amount will be deployed into the deprived economy. This deployment, in turn, will create additional demand in the economy and would drive the Krown value and ensure equal distribution of wealth.

Read the Whitepaper: https://plutocracy.co/resources/pdf/Plutocracy_Whitepaper.pdf

Follow on Twitter: https://twitter.com/krownplutocracy