Perhaps tether (USDT) is close to the coin that you are looking for.
Maybe you could run and ICO and control the token price by manipulating the token supply,so the token prices would be always low.
Thanks for the info on tether .Maybe you could run and ICO and control the token price by manipulating the token supply,so the token prices would be always low.
I wasn't able to find their full reference implementation , seems like tether runs closed networks , I am not able to start my own validating node, only
reference to client API to create wallets, send to wallets . It says it's built on open blockchain technology , do you know where tether keeps code ?
Tether idea is basically foundation holds users money for every token tether issues , it reports circulated tokens and reserves and those reports match.
This part is good, but I don't see how this by itself can prevent speculation to appreciate internal network token USDT , it won't go below 1$ , but it can go above 1$ ?
Our idea is a bit fuzzy , we like to brainstorm with community before we start implementing .
Our team members brainstormed with idea utilizing combination of following protocol features :
- tokens expirations
- fees collected by "issuing foundation" , so when tokens are sitting in the wallet without providing or consuming services on the network similar to negative interest rates.
- transfer between wallets only possible if wallets provide or consume service
- foundation distributes tokens over OTC to users providing consuming service on the network instead of ICO
What do you think ?
Also if you have GitHub link for Tether , I would like to take a look .
Thank you!