RE: pHBD Should Be Polycub's Main Token
Here's something I'd never considered before, and correct me if you or any of the rest of the Leo or POLYCUB team have already spoken on the subject;
Since HBD is a derivative token (a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark) - namely of the HIVE token, pHBD operates based on the same supply overall of HBD, just being stored or transferred on the Polygon Network?
I'm not well-versed in the software side of this, but I can definitely appreciate the amount of time and effort that has been put into both Leo & POLYCUB.
Going off this presentation, that you're proposing pHBD be THE main token, wouldn't there need to be both a dramatic increase in the supply of HIVE tokens (to mint new Hive-Backed Dollars) and then a pretty large increase in the actual supply of HBD in order to move them over to Polygon?
One thing I truly appreciate is Hive's ease of use, and LeoFinance also got it done really well.
Posted Using LeoFinance Beta