because it's not only going to be one webstore. We are already talking with other uk retailers about accepting euph and are in discussions with a US retailer about a domestic partnership there. As it stands our premine that we have held will not go very far for using as subsidy with other retailers so they can be guaranteed a stable price and also won't go very far subsidising peoples orders. The lesss euph are spent per order the easier it is for us to be able to use our stash to stabilise the price and the wider we can get adoption.

Think of it like this, if there are 1000 euph to 0.5 gbp then if we have to subsidise an order or another merchants order to the tune of 5 gbp then we need to use 10000 of our premine. If there are 10 then we use 50. The less of our premine we have to use the more we can stabilise and entice other retailers to take the opportunity to spread to a wider audience.

Look I appreciate that 0.5 is a very ambitious target but you have to aim high and see where you can go in life.

because we are offering you a stable price on the product independent of exchange volatility the coin is a derivative of the asset (chems). We are not selling our product for crypto plain and simple because we are offering you a guranteed rate independant of exchange volatility. we are backing your purchase with our asset by taking a loss against exchange and using our premine to stabilise that. The coin becomes a derivative of our stock. The fact is it is not possible when a coin is simply a week old without wider adoption and support to have a once and final rate. We need to do it in increments.

well, our margins are considerably more than 4% and our paypal fees for fiat are well over 2%. If it means we get into a wider audience and more customers then the small loss is more than acceptable.

anyone in crypto knows well that nothing is guaranteed. Fully appreciate that. However we have to play around with concepts around crypto and its use to move it forwards. I love crypto and I think its possibilities are huge and we are trying to create a use case for it here and some kind of stabilisation in what is a volatile world. Volatility is both the bane and beauty of crypto. It creates profit (and loss) opportunities for traders and also creates issues with adoption for merchants who want a stable price. Coinbase did a great job of doing instant fiat conversion for merchants. We are trying to do the opposite and protect the purchaser from volatility by guaranteed price and merchant with premine. RC merchants have good profit margins and don't mind taking a little less profit to extend the base to new customers, just not too much. Can I guarantee you 100% it will work and we will achieve our aims? of course not I am not stupid and understand the risks of crypto and not going to try and bravado it out to say we are the messiahs of adoption and can do anything. What I can say is that we have thought the plan through very carefully done the maths and will do our utmost to get where we want to be.

Just keep up the good work, stay dedicated to project, succed will follow 
ps. any new rewiews from orders?
cheers

Gonna end in tears

clearly you did miss that earlier yup. Already posted that we have been in talks with other retailers.

no, but the retailers he wants to subsidy with euph surely will. Unless I missunderstood the concept.

Sure. Of course the euph will be sold on exchange by retailers but there is always sells and buys. As long as the amount of people who want to buy chems is increasing not decreasing, once POW is finished buy support will out strip sell support. One of the advantages of having an industry specific coin like this over bitcoin is that demand can outstrip supply a lot easier. People need to purchase euph to purchase the chems. Most chems retailers don't accept credit debit cards and use WU moneypaks or bank transfer. Euph will make it much quicker and easier to purchase your chems.

If adoption goes as we hope it will then buy support should be good. We need to get POW finished before we can get any sense of stability here but once that is done I believe we can get buy support to be strong. A lot of people in crypto are into chemical research and the market is a natural fit. The broader we can get merchants to accept chems then the better buy support will be, so although merchants will be selling on exchange people will also be buying.

Believe it or not there are quite a few chems retailers on this site already, bitcoin is popular in the chems business and we have had contact from quite a few on here alone who are interested in getting involved in the project.