Hey man, nice idea :)
- Once at least 30,000 tokens have been sold, the loans will become active.
- Funds will be moved off the HIVE blockchain and into ethereum assets in order to obtain a yield.
What if the price of HIVE tanks 10-15% between now and then? Like you sell $10k worth of your token for HIVE but you cant buy $10k worth of stable/ETH tokens because the HIVE price drops.
I like the way it's valued in dollars and how it's a simple idea. Simple idea's for the best. I think you'll do well, I was just wondering about the above.
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Yes, I am taking some market risk in that scenario. It will depend on how long it takes to hit 30k and what the pice of HIVE does in the meantime. With the numbers involved, I don't think we will see very large volatility of that type for this window of time. Worst case, my profit gets squeezed.
Fortunately, gerber is a maniac and already has the ask-pricing script done so it will constantly be repricing tokens to keep it within 1% of 1 USD.
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Ok, ok. Thats cool. Thanks for getting back to and explaining that.
Gerber is a good dude, good to know his working with you
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