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Disclaimer/Questions of Ab Coin
Topic Started: Jun 17 2014, 01:38 AM (125 Views)
Keventle
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Ron Reggie
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June 16th, 2014

What if I don't pay for next months membership?

Your Account will be locked and you will not be able to do any conversions. Don't worry you money will be saved until you do renew unless you do not renew within 3 weeks. All of your AB Coin will be given to AB Bank. If you have any transactions waiting when your membership expires then it becomes void.

What is Priority?
Priority Conversions give you the first conversion before any non-priority. Meaning you can get the most money or the cheapest conversion possible compared to non-priority. This of course must be done within 10min. of the above transaction. That being said priorities can not override other priority members.

Why 10min. waiting for a transaction?
Each transaction must first be approved by the CEO or owner of AB Bank. Then the 10 min. period starts to prevent currency crisis and running of the market. Also this gives time for priority members to go. This 10 min also gives time to revalue the AB Coin for the next transaction.

What if more than one transaction is ordered within the 10 min. period?
First the priority orders will go. Each transaction after the first will be given a revalue of the transaction. That person may then decide to continue or stop the transaction from AB Coin to Dollar or Dollar to Coin.

What about if someone buys AB Coin when another sells?
The Transactions will follow from whom ever posted first or Priority.

Scaring the market?
To prevent massive sell offs there are strict fees and time frames that must follow. A person can not buy then sell with in two hours. A person can not sell two different times within two hours as well. You may purchase as much Coin as you wish at any time.



Other notes:
AB Coin is affiliated to the AB bank, which means some conduct must follow from the AB Bank disclaimer. AB Bank is not responsible for any lose during conversions and can not be sued for that purpose. Accepting membership means you have read and accepted these declaimers and are willing to trade. We have the right to close any account by any means of fraud or misconduct. Keventle is unable to sell the 400 AB Coins or give away due to creating a market.

Edited by Keventle, Jun 17 2014, 02:35 AM.
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