Saturday, 3 February 2018

Are MediChain Tokens linked to the Bitcoin in value?

Questioner: I was of the understanding that since all tokens (whether backed or not) trade in pairs with btc their value is therefore inherently "linked" to the value of bitcoin.. Therefore if Bitcoin falls (most) tokens will also therefore fall proportionately, because they are coupled with btc?

Answer: Not in our case. Our tokens are locked to the US dollar during the ICO period and then floats depending on supply and demand. Because we will never create any more than the original number, as we add more data the tokens raise in value, regardless of he bitcoin.

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