You say DLX can be used as a substitute for fiat for all things, but to realize this, the price of DLX must be in accordance with fiat, meaning that it must have a good price, so that more enthusiasts will
Correct and it will have a good price as it will build up.
The price will never go down.Also, until we reach a point where salaries are paid in crypto, you will basically do what you do today, take your fiat, trade it for crypto and then trade/spend the crypto.
But with the Delta-X brand we will
contribute to the crypto ecosystem and help build and grow it to a point where you can do everything with crypto as you would with fiat today.
~I am interested in your statement saying the price will never go down. What price do you mean? DLX price? Are you sure? Please explain a bit to me.
~You will contribute to the ecosystem. What kinds of contribution do you plan? Giving a chance to earn DLX? Or any other contributions?
Thx
Hi.
Yes we mean the price of DLX and yes we are sure
DLX will not be your usual tradeable coin. You will only be able to but it from- or sell it to the Delta-X Exchange, not from one user to another unless you personally send DLX to another person from your wallet to his/hers and then accept payment in your own capacity for a lower amount of course, which would be silly because there will always be buy and sell orders available on the exchange. Iw will just not be between users, but between Delat-X and user.
This was no user can short the price and because the coin is backed by USD, we cannot pump it nether as we need to be able to back it up should the world end and every single person decide to cash out his or her coin.
So how it will work is e.g there will be 90 people, including the founders, each owning 1 DLX coin and the DLX exchange account having 10. This should tell you how the founders will make money and also how the salaries and expenses will be paid.
We will have $100 in our banks, each coin will then be worth $1. Profits for the month amount to $50.
$25 will be paid out to the 100 people in a currency of their choice provided it is on our exchange so they will each get $0.25.
The other $25 will go into the coin increasing the value of each of the 100 coin with $0.25 meaning the new price will be $1.25 per DLX.
This will repeat monthly and amounts will depend on how much profit the exchange makes.
Regarding the ecosystem, we contribute by solving 2 main problems.
1. Volatility
2. Enabling of using crytpo for daily goods and services.
We will have business, stores, etc all paying salaries and accepting payments in crypto.
Imagine this.
You work for company ABC, they pay you 1000 DLX per month, then you go to store DEF and you go buy a coke and a bread for 5 DLX. Then you take your child to the doctor and pay 200 DLX for the appointment. From there you need to go put fuel in your car, once again paid for with DLX and after that you take your wife to have her hair and nails done, again, paid for with DLX.
This is what we want to achieve with the Delta-X brand, just not as limited as this, we want you to be able to do this with all currencies and for all things.
We also plan to setup a platform where you can register and exchange services for services.
You are a plumber and I am an electrician, you need wiring checked and I need to have a drain pipe fixed, I check your wiring in return for you fixing the pipe.
No fiat and no crypto required.
Hope this clarifies things a little more.
Have a good day and thank you all for the good questions.
Keep them coming.
