Wednesday, December 06, 2017 11:44:27 AM
Onto GIGA, this is my interpratation as to what they are trying to do, If you feel differently, please say, we are all learning here. Lets for arguments sake say they sell 5 million GIGAs at $10, so 50 million funds pour into Unitedcorp. 5 million Gigas are also held by individuals with a provisional value of $10 , but can go up/ down
Giga is a FiAT currency, which means its based on real world commodities, in our case 1GB of data.. United will try to bring onborad many suppliers to accept the GIGA, but initially, just IPCS...
So if someone owns a GIGA, pops it into their iPCS wallet, they can use 1gb of data, and that GUGA now belongs to Ipcs / Unitedcorp to be sold again.
Its great as United is always the full value of the coins it gives out ahead.. they have 50million before anyone uses any data / services, even as they start to use data, the coins can be sold again.. Even better if other suppliers get onboard, we dont even need to provide the service. The 3rd party will provide the 1gb, and then sell the coin so it gets payment.
If it really takes off 5 million coins wont be enough, more will need to be put into circulation which gives UnitedCorp more upfront funds.
Your thoughts greatfully received.
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