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RE: A US citizen's book entry into steemit on how to get into the EOS smart contract blockchain. Part 4

in #eos6 years ago (edited)

Are quints really fixed in price? I will follow up with and update after talking with Sandra on Monday.

So, I just want to clarify a few things. I've been doing a lot of research into this myself. If the market price of Quint goes up higher than the posted price, the government is required to issue more to meet demand, so it is fixed to a degree. There aren't many legal tender coins out there, so if they end up being successful, the government may have to ramp up production.

Is holding open,EOS on the decentralized bitshares platform safe? I read somewhere that bitshares.org is both an exchange and a wallet.

open.Eos is a token that represents real Eos held by openledger, just like any other exchange. It is more safe than other exchanges, but it is still leaving your coins on an exchange.

Is holding open,EOS the same as having the real EOS tokens?

No, the real tokens are held by the exchange, and open.Eos can be redeemed for the real tokens.

Does holding open.EOS enable you to get airdrops and be able to vote?

It does enable you to get airdrops, but it does not enable you to vote.

Hope that helped!

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Thank you for reading my post and clarifying some of the questions that I had, it definitely helped.

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