ScripBucks are the proprietary virtual commodity/currency that SimpleFund's exchange is built around. Unlike other virtual currencies, the value of a ScripBuck is backed by real money, and by market demand. The value of a Scripbuck will never fall below the value of the underlying fund, and can grow almost exponentially in multiple ways.
What is a ScripBuck, and Why Should I Want Them?
Backed by Real Money.
Growth Factor #1: Fund Appreciation
Growth Factor #2: Trade Volume
Every ScripBuck was purchased with real money, and that real money will provide the value for that ScripBuck forever. The ScripBuck Face Value is a simple equation, total fund size divided by total ScripBucks. Since ScripBucks are only created when they are bought with real money, there is no dilution of ScripBucks. Ever.
90% of all accrued interest in the underlying fund is reinvested in the fund, and money from the fund is never withdrawn, loaned out, spent, or otherwise wasted. It simply grows, and thus increases the Face Value of all account holders ScripBucks.
This is the real engine behind SimpleFund. Every transaction adds value to the fund, in the form of the transaction fees. 90% of all transaction fees are added to the underlying fund, and generate the exponential growth potential of ScripBucks. The greater the number of trades, the more return everyone will see.
The security and growth potential of ScripBucks is unmatched. It is a revolutionary and game changing new way to think about and use money in the virtual space. Early adopters will be able to avoid transaction fees on their initial purchase of ScripBucks, but that opportunity won't last forever, only for the first 1 million Scripbucks sold.