Differences Between The Deal Coin And Deal Token
In the first article I wrote about the Deal Coin, I laid the foundation of what the Deal Coin is, and what they are trying to accomplish. I will further discuss the inner workings of the tokens in this article. Like the title states, the We Fund Any Deal company will be offering two cryptocurrencies, the Deal Coin, and one called the Deal Token. These will function together in the new lending ecosystem that is being created.
The Deal Token will be used for investor purchases in order to facilitate lending to businesses all around the globe. The investors can earn interest from these loans. In order to make sure that this cryptocurrency is not volatile, the Deal Token is going to be tied to the price of one British Pound. This will eliminate the wild price swings that we typically see with cryptocurrency, and provide a more stable investment for the investors. Investors of loan products do not want added risk from price changes in cryptocurrency. Deal tokens will be available for purchase after the Deal Lending Solution Database launches. This can be abbreviated to the DLSD. One way that they will encourage the use of the Deal Coin is to offer a better exchange rate when buying Deal Tokens with Deal Coins.
The Deal Coin is the cryptocurrency that will be trading on public exchanges. These coins will soon be available for purchase during the initial coin offering. Again, if you are interested in investing later on, it could be a good idea to purchase the coins to benefit from a better exchange rate to the token in the future. To sum up, you can think of the Deal Token as the internal currency used for the investment process, and the Deal Coin as the external currency for more active public use and better rates. Do not miss my next article in this series about the Deal Coin! Further reading about the company is accessible with the links below.
Announcement Thread: https://bitcointalk.org/index.php?topic=3041085.0
Whitepaper: https://wefundanydeal.io/wp-content/uploads/The-Deal-Coin-Whitepaper.pdf
Bitcointalk Username: rob31
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457