Carbon - pricing TLOS
- fiat currency
- cryptocurrency Carbon
Dear Daniel, Carbon team et al.
From the answer to my previous Carbon question, I note that Carbon maintains a reserve of TLOS tokens to supply its customers with. One of the accounts used to supply new TLOS purchases is pipepipepipe.
As Carbon has a reserve in place, how do you / they determine the price of TLOS, at any given time, to offer the buyer?
Further, does Carbon publish its prices in real time and in multiple currencies?
- We use volume-weighted orderbook data from several exchanges where TLOS is listed, such as Cointiger. We add our own surcharge which varies from 2-4% to compensate for volatility, demand, and the cost of providing immediate delivery of crypto.
- Yes, we publish our onramp prices for public use via our API: https://docs.carbon.money/docs/credit-debit#section-1-api-request-for-current-fiat-crypto-exchange-rates-get. You can specify the returned rates in 3 different currencies: USD, EUR, or GBP.