The Billion Coin Formula
The formula begins with a membership agreement. All members of The Billion Coin community agree that this coin will never go down in value; it can only go up in price. This agreement is hinged on a software program that drives the price of TBC up by 1% to 5% daily until it reaches its Ultimate Price.
The Ultimate Price
The formula of the Ultimate Price of The Billion Coin is one Euro multiplied by the total number of Verified Members within the community. For example, if the total number of Verified Members equals 10,000, then the Ultimate Price of The Billion Coin is 10,000 Euros per coin.
The Initial Price
We Launched The Billion Coin on March 21, 2016 with the Initial Price of 0.001 Euros per TBC coin.
The Current Price
The Current Price is increased once every 24 hours according to the Formula embedded within the software until it reaches its Ultimate Price. The value of The Billion Coin is not attached to the volatility of the markets; and both Buyers and Sellers of TBC use the Current Price to conduct transactions.
The Path
The path the Current Price takes from the Initial Price to the Ultimate Price is determined by a software formula that measures the average daily growth in Verified Members of The Billion Coin community and rewards that growth in kind. From the Day of Launch on 3/21/2016 the Current Price can either follow a 1% to 5% path towards the Ultimate Price and will increase daily by 1% to 5% until it reaches the Ultimate Price. See Chart below on how the Current Price could go for the 1st year as an example of how the Current Price will continue to increase daily on-going:
The software starts with only 1 Verified Member on the Day of Launch on 3/21/2016 and then uses the table below to determine the reward in the Current Price each day.
Video Links:
https://www.dailymotion.com/video/x4173u5
https://www.dailymotion.com/video/x4j2hnc
https://www.dailymotion.com/video/x46qbdt
It sure looks interesting, but I'm not quite sure where the money comes from... How will they pay me the billion (or whatever sum I decide to buy when I sell the coin(s) I own) when I cashout?
Also, how much is a coin currently costing?
@sharingtheworld, tbc coin price is here --> https://thebillioncoin.com/members_area.php
@entheos Thank you! As for the other question, do you know where the money would be coming from for the final payment? How would TBC pay us when we want to cashout?
TBC currently has one exchange.
It only allows people to sell at the current price, which can only be sold to Bitcoins.
The price is updated everyday Fiji time. All sell orders are canceled at new day. (Fiji is GMT/UTC + 12h)
Other then that, you have to sell it peer to peer as its mostly an MLM coin.
Hope that helps. :D