ETL's value is in the ability to loan & earn daily interest. Once it has value, it will carry value to trading pairs, like TRT.
So, the billion dollar question should be how we do increase the value of ETL? How do we make it desirable again?
I joined because LCT was the only coin I could buy to lend, that had a capital release shorter than any other coin (at the time) and at a lower entry point for the bonus. So, for new investors only, we should reduce the capital release time frames for loans of $100-$5K (the small investors). In this way, more ETH is deposited (which will increase in value this summer with institutional money entering the market) allowing the company to do what it said initially - give more back to the community than the other lending platforms (at the time), further increasing the value of ETL, which benefits the existing investors.
Finally, payouts should be in ETH, which will increase at a fast rate than ETL. ETL's value should be in lending only.
3 Major add ons to the platform would shoot it on the way to the mooon. Giving investors options is what makes investors TRUST the platforms more and be at ease. - Adding Ether Staking - Adding ETL Staking - Giving pay out options in ETL, or BTC or ETH or Tether.
The option added above will give ETL more volume and then it will be able to be listed on CMC along with more smaller and then larger exchanges.
Lets look Fine coin for example, they have these pay out options, and its a great platform, however the team stopped replying to any tickets and stopped updating the investors for like 2 months already, so people start selling and leaving. They kept saying there will be this and that added at first, but then just stopped working on it all together, its sad really because it had so much potential. DAV was doing pretty good with staking, MNZ doing pretty good with staking at the moment. Also lets look at Dropil doing really well right now with its staking type trading bot, ARB is doing okish, it was just released and went from $1 to .$60 and has been floating in that area for a good amount. EtherLink has an excellent platform and Sam is doing a great job at updating us and actually trying to recover the platform, and thats why ill stick around and will likely invest more once we figure things out and have some stability without any pegged prices or promotion and so forth.
How about making it so anybody who buys ETL can only use it to purchase an Ico, use it for staking or to make a loan with it. That way you won't have people using it to day trade. Which should help increase the price since day trading is what is keeping the price down. Something to consider.
Sam and the Etherlink team do a lot of work to make a great and lasting platform. If the choices on the platform are very clear and spelled out that when you buy ETL you can:
* Make a loan *. Buy ICO tokens * Stake ETL for say 30 days for example
Then all ETL purchases support both the platform and the people with investments. The price will increase and the platform will be strong.
Maybe give token holders a week or two to either do one of the choices or sell their tokens and leave the platform. Tokens will only be able to be used for the platform approvedf functions.
There would no longer be day trading. Etherlink will become what they envisioned and investors will make money on a more stable platform. The people left on it will be ones who want to help it succeed and flourish as much as Sam and his team. I think that most people will see this as a good option and it would attract people who are patient and community minded. I for one want Etherlink to be around for a very long time. It has given me a way to invest and make money so I can retire and not work until I am 70. I am here to support them for the long haul. They keep working hard to make it a great platform and deserve support. Regards
dear sam, how could you think that option 2 gonna success ?? people are gonna hurt with $2 conversation rate do you think they are coming back for new contracts?? release all contracts with out $2 conversation rate so that they will be making new loans instantly please dont another mistake sam
1 month or more ago I said in the community channel that they were looking for a solution to the platform's theme that at the rate I was watching it would not last long and it seems that it was not nice to have alectado what was coming and decided to ban me from the channel. in the end you have to look for something that motivates people to invest in the platform and not banish people who see something that does not work well and wants to alert the situation
More I read the more confused, option 1, what happens after 60-80 days?; option 2 (using the market price-not....is that a typo?; option 3, listing TRT wont make any difference, so again what happens after that?
Opt 2 is actually very beneficial. If all contracts are released & converted to tokens, then a huge influx of tokens will be accounted for in market capitalization & raise the value. The tokens created @ $1.50 at the time will be worth a far greater amount. I’m sure the process won’t be all at once. Meaning contract creation won’t be on the moment the contracts are released. This will give time for the value to set in. It will also show us a true picture of value. Hopefully this will teach people that keeping tokens in had helps maintain a strong value. Like - Don’t put all the tokens you have in a lend and/or a sell order. Allow for contracts to produce, maintain the held amount & sell the smaller excess for a healthy profit.
The other part of opt 2 is removing the peg. Yes it has huge benefits but obviously it’s true benefit was not understood. Lending & cash out at market value is the easiest to understand : Ton of feathers = ton of bricks.
Option2 CRYPTOLORD88: Option 2 will enable Free Market,. Lending will begin again, new investors will get something to buy ETL for....we will start moving again..We'll get rid of daily Interest dumpers of inflated loans. Inflated loans will not compound for next two months and will not create a headache for ETL..
Loans will be on 1:1...
We are currently on option 1&3 for past one and a half month..we have seen the results..
I completely agree with Cryptord88. People need to have trust in the platform. A loss will make big investors hesitant when it comes to start a new loan. They can easily live with 0.1% for the remaining period of the loan.
Very clever splitting the vote by making 2 questions practically the same. Gets you your desired answer of releasing the loans. Post peg @ $1.5 and deleting it. So many dummies you can easily manipulate. Earl, Chad, DylanL, Achmed, Deserve to go to prison with you.