This is going to rock the Crypto world and make others take notice --
They will take notice when we hit them with this next update no one saw coming so quick!
Stay Tuned.
Best investment I made this year was buying into the ICO of MTR --- love the beta and looking forward to the future
Thanks for your continued support! Glad you are liking our progress.
So I just learned two very important things I should have known by now.
1. Mastertrader has a CoinMarket cap of $1.26 Million
2. Im actually #2 on the richlist and didnt even know it
Vegas
+1
I see you're staking right along! Keep it up!
Thank you for being a big supporter.
How are you going to sell the extra coins? on Bittrex?
Thanks for asking. I'm going to release them ICO style in the forum. I don't have a problem after 14 days putting part of the remainder on Bittrex in small chunks to liven up the sell side. I don't want to see supporters paying trading fees for fundraising for Development Costs if I don't have to.
Can I ask what the rationale is behind the options available to us on the voting poll?
Why have you chosen the ask price to correspond with each amount of MTR to be released? And why does the ask price go up with the amount of coins being released?
Are you sure that you can sell that many coins for that high of a price?
Have you considered just releasing the coins and allowing the demand of the market to determine the price?
Infinitechaos, yes of course you may ask any and every question you have...I will always be here to answer them.
"Why have you chosen the ask price to correspond with each amount of MTR to be released? And why does the ask price go up with the amount of coins being released? "
The reason I have chosen to ask for a set price based on the amount of coins released is to raise the price floor proportionately with the influx of coin supply on the market. It protects you, the early investors. It's a strategy I believe will help manage against the possibility of someone trying to swing the price one way or the other. More coins on the free market ( ones not in cold storage, or staking wallets ) means more market activity...I want to make sure its not violent or abusive activity, so making the price floor higher with the bigger influx of coins protects against that.
"Are you sure that you can sell that many coins for that high of a price?"
No, I'm not 100% sure I can sell any set amount of coins. I do believe the Altcoin Market is rather dry at the moment. If we were to look at the MTR market, there aren't very many coins for sale. I want to increase market activity and volume enticing more market makers, and players to join into the market, community, and ToshiDesk Beta. With Open Beta right around the corner, now is the perfect time to release fresh coins on the market and by doing so create a new spark..that I feel is needed.
To give you an idea of the costs associated with this operation, during the last three months we have built ToshiDesk, funded the infrastructure to run it on, funded various software purchases and funded partnerships with data providers. Additionally, DCGirl has spent these three months working full-time, without compensation, building both the ToshiDesk charting library and all of the backend systems necessary to support all of the data we are providing.
The ICO that we are laying out now would be used for promotions, and to cover some of the costs accrued to date – and allow us to continue to develop at our current pace.
Coins that are not sold in the community ICO will be placed in a Slush Wallet and will be used as needed for marketing, partnerships, etc. They will NOT be staked.
"Have you considered just releasing the coins and allowing the demand of the market to determine the price?"
Yes, I have considered this option but have ruled it out as not being the best option on hand...for a number of reasons.
The alt coin market is just dead right now, there are too many pump and dump scams taking place...with devs running off with Investors money - forcing more and more people to leave the Crypto Space completely.
I also don't want the burden of having to pick up peoples dead weight ( coins new market entrants have bought ) on the way up as the market shapes to its new price as ICO coins are being sold. Lets say 250K coins get sold in the upcoming ICO for 120K sats - what would happen to the coins on the market under the 120K sat level. In my eyes...they would be bought up - and we would achieve the corresponding price floor in conjunction to the ICO price of 120K. If I were to do things the way you mentioned, and put the coins for sale up on the market I feel we would have less of a possibility of selling them. I need money for development and licensing...I can't rely on the Bittrex Market to raise those funds.
I feel we did amazingly well using the Community style ICO option in the beginning, and if it ain't broke, don't fix it.
Hope this addresses your concerns.
If you struggle with trading and wish to better your trading fundamentals, do yourself a favor and sign up for ToshiDesk today!
www.ToshiDesk.com/betaPlease add us on Twitter and Facebook: @ToshiDesk @MTRDevelopers
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MasterTrader777
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