Funtracker.site Bank insures http://stellereum.com/ issued ETH
We the Funtracker.site Bank are insuring all the http://stellereum.com/ issued ETH held and sold through our bots (traceable) in event http://stellereum.com/ fails to make due on there issued ETH asset on stellar.org for ETH on etherium net. Funtracker.site Bank now holds traceable funding on etherium net that is traceable at our public etherium address: https://etherchain.org/account/0xcCfb388B35f16b09AB8A31C8f3EcbA809D0A2A6d , to provide public confidence in the ETH asset. If others wish to become part of the funds group signers that will multi-sig lock the funds on our etherium bond account fund you are welcome to volunteer to be chosen to participate.
Note that Funtracker.site liability in the event of failure of http://stellereum.com will be limited to the funds set aside in the etherium account https://etherchain.org/account/0xcCfb388B35f16b09AB8A31C8f3EcbA809D0A2A6d. No other assets held by funtracker.site foundation will be effected or used in event of http://stellereum.com failure.
Funtracker.site Bank will be providing our trader bot a small amount of http://stellereum.com/ issued ETH to trade to at least setup a price and to find if there is any interest in the asset on the stellar.org net. We have not yet figured out what we should set as our spread price at this time so to start I'm sure we will have to set it a bit high like 5% or more to start. As the path we took to buy some ETH on the Etherium net was not direct from XLM trade we had to trade through other assets to make a test purchase to get an idea of replacement costs and costs to add to distribution in the future.
