FAQ – Are Chances real money?

Are Chances real money?

Yes. They can be traded, exchanged, and have value.

Are Chances the same as Bitcoin?

No. Chances are a digital currency unlike Bitcoin. They feature privacy and have no transaction fees. The key features of Chances are an elastic, predictable money supply, high transactability, and an incentive to spend the money, rather than hold it.

How long does a transaction take to complete?

Transactions complete immediately.

Is the price stable?

Yes. This is because the money supply is elastic and pegged to the number of verified members. It grows automatically as verified members join and use the platform.

Can I invest in Chances like in bitcoin?

No. The currency is price stable, and designed for making transactions. There are no miners, and no incentive for holding the currency long term. You can, however, use Chances to build wealth in new businesses, services, and products, by paying for goods and labor in Chances.

Can I become a miner?

No, there are no miners.

How do I get an “air-drop”

You cannot. There are no air-drops, no early participation rewards, and no need for such things. Our foundation does not trade Chances for other currencies, and is not for profit. When you confirm your identity and are approved on the platform, you will receive an allotment of 1.000.000 c$. Every beneficiary receives one and only one allotment.

If every beneficiary receives 10.000c$ each month, why isn’t there inflation?

The 10.000c$ deposited each month is funded by a 1% draw that happens across the network. Accounts above 1.000.000c$ will see their accounts shrink slightly every month (less than 1%). Accounts less than 1.000.000c$ will see a slight increase every month, with an amount that becomes larger and larger the closer to 0c$ the account is. Accounts at 0c$ will see 10,000c$ deposited. This is because 1% is being drawn, and 10.000c$ are being put back in.

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