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New stablecoin backed by IMVU blockchain goes live

The new stablecoin VCOIN has received a lot of attention as it appeased US regulators. This currency is available in more than 140 countries for all IMVU blockchain users as of January 12.
VCOIN aims to offer the opportunity to convert the winnings from online games into fiat money or to convert it between pairs.
With VCOIN you can pay other users who do not know IMVU.
The coin has a fixed rate of 250 VCOIN per dollar.
What do you think of the launch of this new stablecoin?

 

[Brain]

It isn't bad since it will aid in transactions which is mostly why we are having all these new coins in place. When once the value is high or progressive I don't think anyone will have a problem with it

 

[sagefave]

I really don't see the need for stablecoins if they have fixed value and lack the characteristics of bitcoin and other altcoins which fluctuates depending on demand and supply.

 

[Wisdom01]

I think its actually okay if its been for gaming , And helpful mostly during this time of the pandemic, i just hope others platforms start developing their own digital coin, but the rate to dollar uis actually a surprise

 

[SCAMEXPOSER]

It is a welcome development , I wish the blockchain team will give the blockchain wallet some freebies of these new coin . I am optimistic the coin will have a faster rate increase.

 

[Josemendez]

New stablecoin backed by IMVU blockchain goes live

The new stablecoin VCOIN has received a lot of attention as it appeased US regulators. This currency is available in more than 140 countries for all IMVU blockchain users as of January 12.
VCOIN aims to offer the opportunity to convert the winnings from online games into fiat money or to convert it between pairs.
With VCOIN you can pay other users who do not know IMVU.
The coin has a fixed rate of 250 VCOIN per dollar.
What do you think of the launch of this new stablecoin?

Thanks for sharing this information with us. I believe that this will go a long way in making us invest in this coin before it start a bullish run .

 

[Wisdom01]

It is a welcome development , I wish the blockchain team will give the blockchain wallet some freebies of these new coin . I am optimistic the coin will have a faster rate increase.

Yeah true this is another way to make the coin more popular and they could even run a refferal system with it also

 

[SCAMEXPOSER]

I really don't see the need for stablecoins if they have fixed value and lack the characteristics of bitcoin and other altcoins which fluctuates depending on demand and supply.

Stable coins are very necessary in Crypto currencies investments and trading because that is the coin you will use as harbour in case the the market is red.

 

[sagefave]

Stable coins are very necessary in Crypto currencies investments and trading because that is the coin you will use as harbour in case the the market is red.

Instead of trying down more money in stable coin, most traders switch to a different cryptocurrency if they feel that the cryptocurrency they are trading may experience a bearish trend.

 

[achawaskey]

I think is better to do air drop in order to bring in more people to know Vcoin and also carry out referral program and allow the market forces to determine the prize.

 

[Brain]

I really don't see the need for stablecoins if they have fixed value and lack the characteristics of bitcoin and other altcoins which fluctuates depending on demand and supply.

Sometimes we humans don't really know what we want, some people are so against the volatile nature of btc that it should be stable but here with a stable coin, we think it shouldn't be a stable coin. Btc shouldn't be stable though

 

[sagefave]

Sometimes we humans don't really know what we want, some people are so against the volatile nature of btc that it should be stable but here with a stable coin, we think it shouldn't be a stable coin. Btc shouldn't be stable though

It practically has no real use for me, if the price is fixed and does not change, even fiat currencies flunctuate in the forex market. Which means stable coins cannot be traded.

 

[Brain]

It practically has no real use for me, if the price is fixed and does not change, even fiat currencies flunctuate in the forex market. Which means stable coins cannot be traded.

Oh I understand that what you mean, I know the change in price really helps when it comes to profit margin maybe you continue to concentrate mostly on those that can impact you

 

[sagefave]

Oh I understand that what you mean, I know the change in price really helps when it comes to profit margin maybe you continue to concentrate mostly on those that can impact you

Yes that is the only solution, because stablecoin I think cannot be traded with profit. If I buy it at one dollar and sell it ten years layer at one dollar, it cannot even be compared to fiat currencies in terms of investment.

 

[Brain]

Yes that is the only solution, because stablecoin I think cannot be traded with profit. If I buy it at one dollar and sell it ten years layer at one dollar, it cannot even be compared to fiat currencies in terms of investment.

Yeah it doesn't really make business sense trading it in the first place. No body need such investment or business activity that doesn't bring profit, the latter will be s lot better