Paycoin and the $20 dollar floor have been a huge topic of conversation. People started talking about it long before Paycoin and Paybase was launched. Now, the floor has been replaced with a “base”. GAW has announced that a manipulated “floor” is against FTC regulations, so a $20 base will be used instead.
THE NEW $20 “BASE”
THE FINANCIAL MODEL OF PAYCOIN
Some very important statements have been made on the official Paybase blog concerning the financial model of Paycoin. It clears up all the confusion on how Paycoin’s value is to be determined.
GAW has created this model to valuate Paycoin using:
1. Analysis of forecasts on expanded market capitalization
2. The total number of investors
3. and the collective purchasing history among users.
These components will determine the price of Paycoin and thus, a fair calculation based on a $20 “base” valuation for Paycoin.
ARE THE NAYSAYERS LETTING-UP ON PAYCOIN?
As for Paycoin’s price and popularity both have made significant highs and lows. No doubt, the public’s opinion of Paycoin is delicately tied to trust and stability. We have already seen how quickly controversy makes cracks in the publics’ view of crytocurrencies, and Paycoin is no different.
What Paycoin really needs is a change in the community. The crypto community’s belief in Paycoin and GAW will change for the better if GAW makes good on their promises. The new Paycoin Honor Program is a step in that direction. This new buy-back program could not have come at a better time, frankly.
Hopefully, GAW can take a breather from the “cesspool” of cynics that have surrounded them….at least for awhile.
PRICE “MANIPULATION” PUT TO REST
When GAW purchased Coin-Swap, a crytocurrency exchange, gossip spread that this could lead to Paycoin’s price being manipulated on the exchange. Things got out of hand when Litecoin Director Andrew Vegetabile hinted at this. A conflict then ensued between Paycoin and Litecoin followers, each in a frenzy to defend their communities. Fortunately this is where the controversy peaked and was snuffed out.
THE PAYCOIN COME-BACK
GAW has spoken on numerous occasions about a new wave of “transparency” they plan to bring to the Paycoin community. BUT the real question is, are the steps being made by GAW, (the new Paycoin Honor Program and explaining the $20 base), big enough for Paycoin to make its comeback?
I personally do not think transparency alone is enough. I think the Paycoin come-back requires a fair market valuation for Paycoin (like the $20 base model), free of any illegal manipulation tactics first off. Another factor is the number of Paycoin holders that can bear to hold onto their coins while waiting for Paybase to be polished and ready to go.
As a final question: Is GAW being transparent enough? Tell us what you think.