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RE: @tipU Update: Tokens, Website And Some Question :)

in #steemit6 years ago

Hi @tipu. First of all, you have a great service, thank you.

Now, I'm still trying to get my head around this post, very exciting, and I have a question. If you are pegging (pledging / supporting / fixing values) between a token and Steem, are you in effect creating a security token (STO)? My limited understanding is that an STO may be created when you tie it to a tangible asset, which in this case might be considered Steem.

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Security token? No no no, we stay away from this because of the legal issues ;)

Good to know. Thank you for taking the time to respond @cardboard.

Also, I like the idea of auto-reinvest. The compound interest is very powerful.