Since there are no fees on hive, thus no demand to buy hive to pay for transactions, how will this project push up the price of hive? If the only way to get this new token is to buy it using only hive then I’d say that’ll sure cause a nice little spike
The only way to buy larnyx miners is with hive. The only way to buy ad rights on the system is hive. The system is designed to suck up and lock as much hive as possible.
Thats key, because lets be real, the only thing that effects price is buying pressure VS selling pressure.
We have significant selling pressure, lots and lots of selling pressure from those using hive as a from of residual income. Which is fine and all but not good for price. I also noticed the hive price stopped pumping around the same time the HBDstabalizer project stopped posting like 2ish weeks ago. That constant buying pressure helps the whole network.
So if someone wants to buy ads or miners they need to buy hive potentially pushing the hive price up, but if those who are providing the miners and ad rights then sell the hive then it isn’t really pushing the price up anymore. It gets pushed up when someone buys the hive but then gets pushed down when said hive is then sold.
Unless of course the hive received is held onto instead of liquidated.