Making Wang-Sense of WANGCHANGE and WANGCENTS

in #wangchange7 years ago

WANGCENTS was created to be a smaller trade-able unit of WANGCHANGE that will grow in value.

With the size of WANGCHANGE that is only divisible by 100 an idea of WANGCENTS came about. WANGCENTS initially started at 150th of a WANGCHANGE to be valued at about $1.50. These units are better suitable for my giveaways as a way to share. With considering that one needs to own a full WANGCHANGE token in order to be eligible for weekly payouts, payouts earned by @virtualgrowth from his holdings will be shared with WANGCENTS holders in reinvested growth. After receiving SBD from @mrwang for the WANGCHANGE that is held the value of WANGCENTS is increasing.

If you don't have an account already you can sign up for bitshares here.

Exchange of WANGCENTS & WANGCHANGE

WANGCENTS/WANGCHANGE market
Selling WANGCENTS for 0.0101 WANGCHANGE
Buying WANGCHANGE for 101 WANGCENTS

WANGCENTS/USD market
Selling WANGCENTS for 1.52 bitUSD

WANGCENTS will increase in value with weekly payouts from @mrwang / #WANGCHANGE

Market orders to buy and sell WANGCENTS & WANGCHANGE will increase in value weekly being updated over time. This will serve for holders of WANGCENTS to be receiving some additional value from the payouts while also providing a market for those interested in getting enough WANGCENTS to get a full WANGCHANGE token to receive their own weekly payouts. This amount will be more as @virtualgrowth keeps part of the weekly payouts for his time working with @mrwang and managing these markets.

Hope people like this addition to @mrwang's family of WANGCHANGE assets. Noticed some had expressed some concern of not being able to earn part of the weekly payouts with only partial tokens. Now people may trade their partial WANGCHANGE tokens for WANGCENTS to benefit from part of the weekly payouts. Others may consider buying WANGCENTS to work towards owning a full WANGCHANGE token which they may trade for with about 150 WANGCENTS. Over time the amount of WANGCENTS you need for one WANGCHANGE will be less. So by simply holding WANGCENTS you will be closer to bring able to trade for one WANGCHANGE every week when payouts occur and markets are updated to reflect this change.


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BTS, Some Assets, and STEEM Market Data/Update (4/21) on the bitshares and Giveaway (for 4/28)

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What is it with the seemingly endless procession of crypto currencies? Frankly, I think it's a lot safer to stick with bullion.

Probably, but you can't carry around bullion securely stored on your phone or use it to buy lunch at the Chinese restaurant down the street (yes, they accept bitcoin there).

If it's stored in your phone, it's not secure.

don't think of it as a currency.. think of it as, holding some of my star power.. the more people wanting, the more I'm able to do for the community

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