The idea behind INDINODE is same as Binance coin or any other exchange coin. Yes, initially the coin will see a lot of price dump from people unsure of its value or people who have had the early leverage of high returns.
But that is the initial phase till Indiexchange is fully operational in India. India is yet to experience a proper altcoin trading exchange, the market in India is limited to companies who have lured people with Fiat conversion and have encouraged FUD to make their own money.
People who are aware of crypto trading are limited to less than 2% in India, most are only interested with BTC price & OTC trading of BTC which has eventually led to frauds and have led to a market scared of crypto. Indian coins have no platform to launch their coins in India, they ironically like to call themselves as a foreign entity and then come back to India on OTC as market places (who call themselves exchanges) have no system of registering new coins as per demand.
They list only those coins which can bring them immediate profit through buy/sell. hence the scope is huge , the platform will support XIND Pairing, hence a person needn’t have BTC in wallet to buy any other coin. The initial phase of development is very much on schedule with all wallets/exchange listing etc.
The next phase of development will be the development of the exchange platform. Empowering people with XIND (a cheap & affordable coin) will encourage newbies to join the exchange and buy coins which were beyond their reach due to BTC Pairing.
Simultaneously, new coins which are yet to try the Indian waters will have a scope to register themselves with us at a fee in XIND, which creates a demand for this coin in the future. so after the initial dump, and MN rewards decreasing a person will be more careful towards dumping and the MN owners together can come forward to create the SELL wall, which automatically reduces dumpers and increases sales.
Links:
Website http://www.indinode.com/
Explorer http://149.28.16.126:88/
Whitepaper http://docdro.id/7SFQSMs
Bitcointalk https://bitcointalk.org/index.php?topic=4619452.0
Github https://github.com/coinwebfactory/indinode
Twitter https://twitter.com/indinode
Telegram https://t.me/indinodechat
Discord: https://discord.gg/fu4ScRZ