Latest posts of: coiner549

FirstBTF is looking for ideas and opinions on our blockchain tradeable mutual fund project.
the idea is to back a coin with real assets. you can think of it as a cross between a stable coin and a mutual fund. when a coin is issued, the funds are used to buy investments like stocks, bonds and other securities. the value of the fund is added up and divided by the number of coins in circulation o give a net asset value of each coin. the fund would issue or redeem coins at net asset value. the coins could be traded on crypto exchanges. there would be no hard cap on the number of coins issued as the fund size would grow as more coins are issued. a new BTF blockchain and several distributed applications would be developed to support coins using this model we hold the trademark to the BTF term so no coin can be called a BTF without using the BTF blockchain and following BTF rules. the BTF blockchain would incent mining through a coin separate from fund coins. the intent at the moment is to create a new coin called Svintanis to be the " gas" of the BTF blockchain. an interim step in this process is the launch of the Svintani token on the binance blockchain to fund the BTF blockchain development. What am I missing in this concept?

the first coin/fund on the BTF blockchain would be the Raznolik fund. Raznolik, the Serbian word for diverse, was chosen to reflect a diverse mix of asset classes in the fund. the goal is to create a stable digital currency without the volatility of cryptocurrencies. political risk of a single country or inflationary pressures of government spending. by holding a diverse set set of assets while issuing and redeeming at NAV, the Raznolik coins value would remain relatively stable in true terms of purchase power and utility. look for the Svintani tokens soon.