I'm pretty sure, this is the right place to post this.
Gravastar is a stable cryptocurrency, which would not use a central authority nor would it be a fiat pegged cryptocurrency. When there’s an increase in demand for the coins, prices will increase and people will mine more coins. A certain percentage of coins produced will go to shareholders and will be used to buy the reserve asset. When demand decreases, less coins will be produced and people will start redeeming their coins for the reserve asset.
There will be 4 tokens. The main tokens will be Cash and Shares. The Backend tokens will be hash and ash. Hash is the token miners will be mining. Ash will be used for statistical purposes.
For more information, please read the whitepaper draft
google doc. I plan on modifying it and adding more information.
I'm planning on beginning development tomorrow. I planning on putting the code under a MIT license. There's no timeline, yet. Pretty much everything is months away. I'm planning on building this on ethereum blockchain. I'm not a solidity expert yet, so that's going to delay the development somewhat.
Twitter:
@GravastarCashGithub:
@GravastarCashWebsite:
http://gravastar.io/ nothing there, atm.
