Author Topic: Using delegates to seed BitAsset CAP and liquidity  (Read 933 times)

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Offline Empirical1.1

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This is just an idea I haven't really thought through.

- I think it would be good if we had 4/5 BitAssets on the front CMC page. Which currently requires > $125 000 CAP
- I think it would be great if those 4/5 markets were more active on a day to day basis
- I think it would be great if some of that volume flowed through places like bter and started to build a more liquid market there.

Delegates could do this without it costing BTS very much at all because the value wouldn't be leaving BTS.

The advantage is we would also hedge our ability to self-fund against a fall in BTS price buy having a pool of BitAssets. We would be able to have bounty delegates who could pay for one off projects.

Disadvantage is that it would require a lot of trust in a few delegates.

Thoughts?