kevin1234a
Legendary
 Offline
Activity: 1162
Merit: 1000
Decentralizing Jesus on the Blockchain
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May 21, 2015, 01:24:38 AM |
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Hello.
Can you open for us little more about your: MINIMUM COIN VALUE ( BUY / SELL ) = 1$
1. Are you saying this coin can buy and sell only in your market and only with US Dollars or equal amount cryptos?
I understand that "MINIMUM COIN VALUE" if coin can buy and sell only in your place or 1$ price what you promise for this coin is your market place price.
but if this coin can move out from your place and buy and sell freely like bitcoins:
2. How you will keep 1$ value if coin have 24% annual stake and people can come to your market and sell all staking coins as well with 1$ price?
How you can say coin price will be still 1$? Because after staking coins total will be more than ever sold with 1$?
3. How you will keep 1$ price with all mined coins? Because after mining, coins total will be more than 1$ sold?
Don't want dumping you idea, just hope if you can clarify little more.
Thank you advance.
edit:
NO DUMPING POSSIBLE CONTROLLED DISTRIBUTION SYSTEM WILL BE APPLIED SO ONLY VALUABLE FOR REAL USERS
What this mean? Do you mean IPO and no sell option?
+1 for technical question  |
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halibit
Legendary
Offline
Activity: 1596
Merit: 1006
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May 21, 2015, 01:56:21 AM |
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+1 for technical question I'm curious to hear new ideas, but need more information to join in. |
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luckykitty
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May 21, 2015, 03:49:09 AM |
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 What happened to the old pre-ann topic?
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wunkbone (OP)
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May 21, 2015, 07:47:43 AM |
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Hello.
Can you open for us little more about your: MINIMUM COIN VALUE ( BUY / SELL ) = 1$
1. Are you saying this coin can buy and sell only in your market and only with US Dollars or equal amount cryptos?
I understand that "MINIMUM COIN VALUE" if coin can buy and sell only in your place or 1$ price what you promise for this coin is your market place price.
A: yes initially. The coin will go out only through us to maintain the floor. As i already said the coin is developed keeping in mind the business users not traders.
but if this coin can move out from your place and buy and sell freely like bitcoins:
2. How you will keep 1$ value if coin have 24% annual stake and people can come to your market and sell all staking coins as well with 1$ price?
How you can say coin price will be still 1$? Because after staking coins total will be more than ever sold with 1$?
A: The satke % will be managed by lock in period and fees on buy back.
3. How you will keep 1$ price with all mined coins? Because after mining, coins total will be more than 1$ sold?
A: Its a pos coin mining reward will also be adjusted to hold the minimum price.
Don't want dumping you idea, just hope if you can clarify little more.
Thank you advance.
edit:
NO DUMPING POSSIBLE CONTROLLED DISTRIBUTION SYSTEM WILL BE APPLIED SO ONLY VALUABLE FOR REAL USERS
What this mean? Do you mean IPO and no sell option?
Yes the distribution system will be controlled. We make sure that no one will get coin below 1$ to avoid dump/pump :-) and if any one want to buy the coin at 5$ and dump on us for 1$ they are welcome :-)
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wunkbone (OP)
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May 21, 2015, 07:48:32 AM |
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What happened to the old pre-ann topic? It was deleted due to giveaway post  |
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polesdav
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May 21, 2015, 09:07:14 AM |
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I'm waiting for this "controlled distribution system"  |
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luckykitty
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May 21, 2015, 09:17:04 AM |
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I still don't get it, even you can let the exchanges hear you, how can you stop the people trading on Bitcointalk, IRC, QQ...?
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wunkbone (OP)
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May 21, 2015, 09:29:52 AM |
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I still don't get it, even you can let the exchanges hear you, how can you stop the people trading on Bitcointalk, IRC, QQ...?
The only source to get the coin was from the service we provide. like if every coin was sold for 1.01$ or above then ? The geniune user will by the coin for staking or for using it on the market or to trade so they will only sell above the purchase price. And if dumper will buy and try to dump i mean to say buy at 1.01 and sell at 0.8 or something like that then we are happy to accept the dump |
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shounak
Newbie
Offline
Activity: 1
Merit: 0
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May 21, 2015, 11:33:09 AM |
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I still don't get it, even you can let the exchanges hear you, how can you stop the people trading on Bitcointalk, IRC, QQ...?
The only source to get the coin was from the service we provide. like if every coin was sold for 1.01$ or above then ? The geniune user will by the coin for staking or for using it on the market or to trade so they will only sell above the purchase price. And if dumper will buy and try to dump i mean to say buy at 1.01 and sell at 0.8 or something like that then we are happy to accept the dump So in true sense of the term it is not a decentralised crypto and absolutely unminable individually. You just have to buy the coins and depend on POS mining, right! The dev makes a profit of $0.01 percoin we buy and if price does not go up we do't lose much, if we add up the stakes in our wallet! Strnge I wished if there woul have been some chance for POW mining. |
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wunkbone (OP)
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May 21, 2015, 12:50:39 PM |
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I still don't get it, even you can let the exchanges hear you, how can you stop the people trading on Bitcointalk, IRC, QQ...?
The only source to get the coin was from the service we provide. like if every coin was sold for 1.01$ or above then ? The geniune user will by the coin for staking or for using it on the market or to trade so they will only sell above the purchase price. And if dumper will buy and try to dump i mean to say buy at 1.01 and sell at 0.8 or something like that then we are happy to accept the dump So in true sense of the term it is not a decentralised crypto and absolutely unminable individually. You just have to buy the coins and depend on POS mining, right! The dev makes a profit of $0.01 percoin we buy and if price does not go up we do't lose much, if we add up the stakes in our wallet! Strnge I wished if there woul have been some chance for POW mining. It is decentralised friends we can only control the initial release of coin after that user can generate the coin by staking and we are not able to control that nor we want to. And there is no POW because of the fact that if we enable it the TransitCoin will transit to another dump and pump coin where users will lose and pumpers and dumpers will make . And our team will not make money because of staking 24% we develop a good strategy to avoid the dump from that to By implimenting some time limits and fees according to time on buy back. |
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ioncanon
Sr. Member
Offline
Activity: 381
Merit: 250
JaguarCrypto
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May 21, 2015, 02:43:46 PM |
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mining still 0.0 TNT block amount ?
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wunkbone (OP)
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May 21, 2015, 03:26:00 PM |
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mining still 0.0 TNT block amount ?
Direct Mining is not possible Please check the specs posted above. If you have to generate coin you have to stake it only PoS is possible until we release the stake miners. |
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wunkbone (OP)
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May 21, 2015, 08:48:11 PM |
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Want to buy gift cards With TransitCoin ?
Which card you want to start with
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goodgryphon
Member
Offline
Activity: 111
Merit: 10
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May 25, 2015, 08:52:07 PM |
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can I get a pool to mine at or the info to start a p2p server?
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wunkbone (OP)
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May 25, 2015, 09:09:04 PM |
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can I get a pool to mine at or the info to start a p2p server?
Bro we are working on custom pool to mine it its a pos coin if you are intrested in building a pool for it just PM |
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goodgryphon
Member
Offline
Activity: 111
Merit: 10
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May 26, 2015, 03:18:48 AM |
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the faucet does not seem to be depositing to wallet? any ideas?
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Braino
Sr. Member
Offline
Activity: 644
Merit: 250
IRONX - Fully regulated World-Class Exchange
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May 26, 2015, 03:27:56 AM |
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Worst logo ever
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cryptonoob312
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May 26, 2015, 05:09:14 AM |
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Seems like a centralized scam coin.
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