This project is big-time but not in terms of you will get ridiculous gains overnight, you will get steady profit in here for investors not ridiculous but it is safe. What you will get is the ability to take part in a world changing technology. This technology will also take a lot of coins out of the market, has been worked on for years. Not like today where dev comes out asks for 100m to get started on the project lol. I hate 99% of ICOs but I give my full support to this one I also humbly bow down to the dev.
Thanks, means a lot to hear that!
It was never my intention to cash grab, I wanted to fix broken things! Hopefully all the time and hard work myself and others have put into this project will be worth it.
Your holding account will get more coins if the value "goes up", but what if it "goes down", will coins be deducted from your account?
Sounds like a nightmare from tax accounting/bookkeeping perspective.
Without getting into too much detail and jeopardizing our IP, there are a number of ways to reduce the supply without hair cutting wallets (which would be a TERRIBLE solution!!).
Most obvious is to burn fees instead of passing them on as earnings to network nodes. Transactional and general usage fees are the first port of call, followed by DEX trading fees. These mechanisms are sufficient for small adjustments but don't offer a huge amount of supply reduction capability in the event of a "crash".
The main mechanism is provided by the fact that to stabilize the base currency independent of oracles and pegging, is that the system itself mediates a lot of the trades. Therefore if a lot of people are cashing out to USD for example, the Radix tokens can be burnt (publicly thus auditable) by the system in order to reduce the available supply and return confidence to the price.
Regarding the 50% interest payments every time the mkt cap doubles;
Will it be 50% of the initial holding, or 50% of the holding at time of mkt cap doubling?
Say I purchase 1,000 RDX during ICO and 6 months later the mkt cap doubles, by then I spent 900, and own just 100 RDX.
Will I get 500 RDX or 50 RDX, or is it a different formula altogether?
Interest payments are calculated based on whatever balance is on account at the time of that payment. So if you spent them, you'd only get interest on the remainder. Therefore as a speculator HODL to take advantage of growth and spend interest only if you have to.
