A few hours ago the SUP team released a HUGE statement with some interesting news.
Before going into what the statement covers, I want to share my appreciation for the work they are doing, the more time passes the more I believe this project have a great potentiality to be a coin used by many in the future.
I've been following the SUP coin adventure since the very start, and since this team was formed they have been very professional and most of all, they have been listening to the community of the holders. Some days ago SUP asked on their FB page what the holders wanted to know about, and they covered the most important points on this update.
This is obviously my opinion and NOT a fincial advice, I do not take any responsibility for your actions. If you want to know more you should do your own research(and maybe read my previous articles on this story).
Those are the points they wanted to cover:
- Bonus for not withdrawing
- Hardware Wallet
- Partnerships
- Multi-language website
- Plans going forward
- Exchange listings
- Purpose of the Coin
- Wallet Security
- How Buy back or sales price will be determined
- Process to exchange test mined Coins
- Merged mining software
- Future promotion plans and integration
- Paused Release
In this release they covered 8 important points(and probably plan on covering the rest later), including:
Voting System: They want to create a direct democracy through their platform, this means that coin holders will be able to vote on what the SUP team propose. This really means giving credit and power to all the people involved, and surely enstablished a new trust. The System will be probably tested after September 5th.
Purpose of the Coin: The coin will be meant to pay for services and other things, they want to create a system with judges so that the community can vote on disputes and review the work of the judges who will get coin rewards.
Bonus for not withdrawing: This was very important, all the holders who will keep their coins will get a % as a reward until all the coins are unlocked.
Buy-back price determination: The buyback price will be set to .00001 BTC, around 0.046 USD per coin, people will be able to trade on the exchange that they will release soon and sell their coins to other people(even the ones who got interested in coin recently and want to buy some).
Future promotion plans and integration: They will keep advertising the coin, so that it can be used for the exchange of services.
Exchange Listings: This was one of the most asked topics, as you all know, exchanges are experiencing a huge rise in listings requests, SUP is currently working to list their coin on: Cryptopia, Yobit, and CoinExchange.
Hardware Wallets - WebWallet: They will focus on the webwallet, and the wallets for PC and Android, there are no plans for a hardware wallet as of now.
Paused Release: They planned to release all the coins to the holders in a span of 10 months, many asked for a shorter time. This will be voted on their platform, probably as a first test of this new system.
You can read the full statement here: https://www.facebook.com/TheSuperiorCoin/posts/720549298136910
You heard it from:
