Paycoins.biz:
GAW has released on their Paybase blog the new Paycoin Honor Program or a.k.a Paycoin buy-back program. This is a Repurchase Agreement, a contract in which any Paycoin holder agrees to sell Paycoin to PayBase at $20.00 USD each, available from February 1st - March 2nd. The Paycoin Honor Program, in short, is to uphold GAW’s famous promise to buy back Paycoin for $20.
THE MAKE OR BREAK OF PAYCOIN
The Paycoin market, undeniably has had a rough start, ranging from $2.50 to $5.00, largely due to the Paybase functions still awaiting release. When I first heard about the program, my first reaction was, “What will this do to the Paycoin market, and how will it affect Paycoin’s value?”.
MY PREDICTIONS FOR THE PAYCOIN HONOR PROGRAM:
1. IT WILL GIVE PAYCOIN A FIGHTING CHANCE.
When the program is over, if the price is at $20 and the Paybase functions are available, Paycoin will be poised to keep rising.
2. IT WILL LEND STABILITY AND SECURITY.
We know that a guaranteed $100k worth of Paycoin (5,000) will be purchased each month. This essentially is a guaranteed, steady flow of Paycoin being purchased month after month, creating stability and security. There could be millions of Paycoins sold in the program, meaning it would quite awhile for all payments to be disbursed at the rate of $100k/month. (Keep in mind this is probably why GAW mentioned they may or may not increase payments to speed the process.)
3. IT WILL RAISE PAYCOIN’S PRICE TO $20 OR HIGHER.
If you want to sell Paycoin, why list at $5 or say $10 at the exchanges when Paybase will give you $20 each? This will put buying pressure on the market at the exchanges. The people at the exchanges WILL start selling Paycoin at $20 or higher. (Remember, people will have to wait for their Paycoin payments with the buy-back program.)
SHOULD INVESTORS “BUY IN” TO THE PAYCOIN BUY-BACK?
Undoubtedly, the Paycoin Honor Program has created a dilemma for Paycoin investors. The catch is, payment at crypto exchanges are immediate but payment with the Paycoin Honor Program is spread out over months.
First, consider your payments each month.
We don’t know just how many Paycoins will be sold in the program but to give yourself an idea, you can make an assumption of how many coins may be sold in total and make your calculations based on that number. Remember, payments are evenly disbursed between each person who signs up for the program, and the minimum of total payments dispersed monthly is $100k. This higher the number of Paycoins sold in the program, the smaller your payments will be each month. Therefore, your payments could be really spread thin each month.
TAKE THE SAFETY NET OR TAKE A LOSS?
Let’s just say for instance, in April Paycoin is at $5. If you signed up for the program, you will be getting $20 a coin.
If Paycoin hits $30, $50 or higher you are still getting $20 paid out to you by the program…at a huge loss.
PAYCOIN’S $20 VALUATION WILL BE RESTORED
The Paycoin Honor Program not only merits GAW’s promise to investors it also will restore the $20 valuation.
GAW states:
“The Paycoin Honor Program is the ultimate proof of our commitment to
honoring the spirit and letter of our statement about the $20 floor.”
You can find all information, specifications and quotes about the Paybase Honor Program on the Paybase Blog.
Natalie Johnson
Paycoins.biz
1. Do you think this upholds GAW’s promise to honor the $20 floor?
2. Will the Paycoin Honor Program restore the $20 valuation?
Tell us what you think!
If people start buying paycoin to participate in the Honors Program, won’t the price rise so much that Josh might not even need to pay people that much to bring the price to $20?!
Good observation, hadn’t even thought about that. If that is the case and Paycoin jumps that fast to $20 then that would be nice. Especially since the Honors Program will lock up your money for X-number of months. People are definitely buying Paycoin to get ready for the program so I’m anxiously waiting to see an insurance backing for those Paycoins.