The first alt-coin of its kind to retain the value of a major world currency * 1 Major Piece = 1 Euro * Release date: 3/01/14
Why?Good question. The value of alt-coins on the market and even Bitcoins are highly volatile. The value could rise in a minute and drop twice as much the next second. We have all seen it happen and it causes holding money in coins highly risky. There are numerous reasons for wanting to hold money with a crypto-currency but the risk caused by the volatile prices holds back numerous people. With Major Pieces it allows people to place money on an online currency without having to worry about the value dropping half it's price over night. 1 Major Piece = 1 Euro. No more. No less. We hope this spreads the use and popularity of crypto-currencies.
Why Will This Work?While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro. This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into. The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it. While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.
The Namehttp://i29.photobucket.com/albums/c292/MajorPiece/DefineMajor_zps529e211c.pngThe definition of Major sums up our crypto-currency and our goals for Major Piece.
Why did we use Piece instead of Coin? Simple, because we are different. We aren't like every alt-coin clone out there.
InfoType: Scrypt
Coins: 5400000000000 (Amount of Euro in circulation)
* rest to be announced at least one week before launch
IRC chat http://webchat.zenet.org/?channels=#MajorPools * Pre-Registration
http://major.zenet.org/*More a few days before launch
Faucetwww.earncryptocoins.com *Coming soon
BountiesAmounts to be announced
*New coin logo!
Block Chain
Exchanges
Pools
Gambling games
Merchants
Faucets
Videos
Graphics
etc.
If you are interested in helping support Major Piece by doing any of the above or something we have not listed, please feel free to contact me.
ProsNo fluctuations in price of coin, meaning no potential losses for holders
Businesses can accept this coin with no worry on losses due to price change.
More interest to people who have feared owning crypto-currency
No Pump and Dumps
Stable, non-variable crypto-currency to trade other coins with
ConsNo price fluctuation, meaning no large profit margins on trading this coin
Not independent from a central currency
UpdatesWe are working on getting this coin up on exchanges as soon as possible.
2/06/14 - Amount of Pieces changed to the number of Euro in circulation
