You have interesting announcement on your website, and I would like to break it down a bit and ask you for some clarifications.
Dear FineCoin community,
In the last period, we have been analyzing every aspect of other similar platforms and after extensive discussions with our advisory board, we concluded that a slightly different strategy would better benefit our investors as well as the platform itself.
We understand that having a happy community is the key to success and would like to involve every member of our platform in the decision that will decide our future.
Our plan is to replace the "Lending" part of our platform with "Hosted Staking", which are very similar but unlike lending, the staking is completely legal in the US and a lot more sustainable.
Now, can you explain us what is that crucial difference between "Lending" and "Hosted Staking" which will make this system more sustainable?
Btw - lending is legal in US! Scamming people isn't!
The most important benefits of Hosted Staking would be:
1. A more sustainable platform that can last years, it will depend less on new blood than lending platforms.
Again - please explain what will make it sustainable for years and on what it will depend if not on new blood?
2. The interest will be paid in FINE. When the price of the coin goes up, you will get the same number of coins at the end of the staking period, contrary to lending where you may end up having less coins than when you started.
How you are going to produce FINE to pay the interest? You can't get nowhere near enough just by mining and staking, so - what magic you planning to use to create it?
3. A lot more predictable interest, because staking has an exact percentage the minimum interest will always be higher than with lending.
This makes may previous question even more interesting.
4. Adding more and more crypto currencies to our platform, it means we would attract a lot of traders looking just to exchange their coins, this would allow FINE holders to easily change their coins into any other coin from our platform.
Not likely. Traders looking for exchanges with more trading options, and you will have just FINE pairs (correct me if I'm wrong). So, you will attract just ones who wants to invest in your platform.
5. Due to the US regulations, and the fact that a big part of our community is US based, this won't be blocked by its legislation, as staking is completely legal.
Well - staking is legal, and lending is legal too. Although - I'm not quite sure about your "hosted staking". It would be nice if you can explain us in more details what is exactly "hosted staking", how it works and why is much more profitable then regular staking?
6. This will allow us to be listed on Bittrex, Bitfinex and any other major exchange without any restrictions.
LOL - This is funny! Did you actually contacted Bittrex, Bitfinex, or any other major exchange on this matter?
Thanks in advance for your answers!
