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Welcome to The Allied States
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| How AB Coin Works? | |
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| Tweet Topic Started: Jun 20 2014, 11:53 PM (176 Views) | |
| Keventle | Jun 20 2014, 11:53 PM Post #1 |
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Ron Reggie
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![]() AB Coin works with ownership of the coin and group pot of backing of the AB dollar. Meaning once the money in the "pot" is gone you will not be able to withdraw that money back out, although the AB Coin will have a value since it is backed by a non-withdrawal money of the bank. When one person buys into AB they pay the value as if they already owned it to prevent quick buy and sells. The percent you own of the coins is the percent of the money you own. The way you can make money is that every purchase increases the value of the coin by how much a person buys into the coin. Then the person would pay the price of after their increase. Each buy increases the value by the percent bought of the 7,000 coins printed. Those 7,000 coins are owned by the bank and are sold to the bank when reconverting unless you make a private deal. Below is an example: If you person A bought 5 AB Coins for $10.007 each (since 5 is o.oo7% of 7,000 coins so there is a $0.007 increase) for a total of $50.04. Then person B bought 5 shares for $10.014 since of the 0.007% increase for a total of $50.07. Person C buys 200 shares for 3% increase of $10.32 for a total of $2,064. Now gains come from the pot of the people. Since person B owns 2.38% of $2,164.11 and cashes out $51.50. Then person C now owns 97.56% of $2,112.61 for $2,061.06 While person A for early investing owns 51.55 for early investing. When person sells like in the example the percent increase will fall that percent when sold. Such as a 0.007% decrease for persons A or B. Post questions below. Edited by Keventle, Jun 20 2014, 11:54 PM.
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7:58 PM Jul 10
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7:58 PM Jul 10