Exciting. So are you still planning sharedrops of CFSCOIN on CFSAssets besides CFSGOLD, and if so what percentages? The way I figure it, CFSCOIN can already start acting as the insurance to back CFSAssets in case of losses, correct?
BTS: arhag
Yes, I want to ultimately do some amount of sharedrop on every single MPA that gets listed on a centralized exchange, as I think it can work as a good way to kickstart the liquidity of those MPA's.
I'm not sure about percentages, I think the best option is to wait until the given CFS asset is launched to determine what sharedrop amount is most useful.
I don't think it would be honest to claim that CFSGOLD was insured until CFSCOIN has a high enough, liquid market cap to cover a total default of the exchange that holds the most CFS asset funds. Perhaps this means that we should start to run the buy&burn bots a bit before we do the CFSGOLD sharedrop, so we can make sure they are actually insured when they no longer have the sharedrop bonus. (though I guess since we currently trade on 0 exchanges we can credibly claim that we are fully insured against exchange default with CFSCOIN at 0 market cap
)