Interested to know peoples thoughts on this as my friend pointed out that we might qualify as one as we're not intending on being on an exchange initially.
I guess I could rewrite my question as what what makes a token or coin a stablecoin?
Or do you just think they're a gimmick or perhaps a way of sidestepping standard deposit limits?
Sustainability.In cryptocurrency market,their are lot of altcoin available.But not all the coins are continue to sustain in the market.Sustainability is purely based on the investors.Based on the potential of the coin,the investors in that coin will increase.
Even some of the altcoins in cryptocurrency market had good potential like bitcoin.Some of them are ETH,Ripple,Waves,Litecoin and Monero.
Primarily we don't want wild variations in our coin price, obviously increased use will increase demand but we will be setting the price not freely listing on an exchange. We're purposely trying to avoid the pump and dump that many ICOs have gone through and instead aiming for long term appreciation of token value.
The key reason for this is that other businesses using our token have 'real world' expenses so having a wildly fluctuating price is completely impractical.
Would this fall in to the definition of stablecoin?
