How IAGON plans to protect investors from price volatility
The market has been going through a few drastic changes as of late. However, in any investment market, regardless of it being within the cryptocurrency and/or Blockchain space or within your typical wall street marketplace, there are going to be downward and upward trends, sometimes with great volatility.
We very much appreciate the trust of our valuable investors, who participated in our Token Sale and therefore we consider the key task for our team to protect their interests from such market situations.
IAGON is working on a few things in order to improve protection for our investors and we would like to share these things with you. This includes, starting a series of consultations with our advisers, lawyers, economists, and many others, to develop the most effective business model. IAGON builds a systematic business, so we pay careful attention to all aspects of business development and we believe that is the key to success.
To protect our investors, we would like to present the following:
Currently, several options for implementation are being discussed.
- IAGON can peg the price of IAG tokens to another stable coin (example: Gemini Dollar, USDC…etc)
Stablecoins are designed to stabilize the value of the coin, making it less volatile. By pegging it to another asset, such as the USD, as in the case of USD Anchor coin, the value of the coin remains constant relative to that asset.
2. IAGON can peg the price IAG tokens to the price of gold
A token or coin is issued that represents a value of gold (for example 1 gram of gold equals 1 coin). The gram of gold is stored by a trusted custodian (preferably third party), and can be traded with other coin holders.
At a minimum, the price of the coin will always equal the current gold rate. If the cryptocurrency becomes popular then the price of the coin can potentially increase in value, greater than the value of gold. If the cryptocurrency doesn’t take off then the value remains as the value of the gram of gold. It’s like a built-in stop-loss.
3. IAGON can create a new stable coin (which is based on company shares) and peg IAG tokens to this new coin
We are considering the possibility of creating our own stable coin based on certain company shares model that will help us to prevent our investors from the volatility on the market and increase the trust and capitalization of the company. In this case, the IAG price will be pegged to the performance of the company itself. The price will be dependent on how the company does as a whole.
All options are under discussion and there are no guarantees that this or that model will be implemented.
IAGON’s team continues consultations to select the most efficient model, one that will provide the best possible protection for our investors. We truly value our community members and desire nothing more than to ensure that they are pleased with IAGON and the IAGON team. So, we are planning to consider final options and/or implementation in late January / early February 2019.
It should be noted, that an opinion of our community is very valuable for us, so we plan to launch a friendly survey in our social media on this matter. Stay tuned for our updates.
We should note right away that the results of the survey will only be recommendations and will not have a decisive influence on the final decision. Please treat with understanding.
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