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RE: RE: pHBD Should Be Polycub's Main Token

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@taskmaster4450le
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You are correct, pHBD is a derivative of HBD. The former is located on Polygon with the latter on Hive. Hence we are dealing with two separate assets.

The creation of pHBD can only come from HBD. By bridging it, that releases pHBD into the market. The HBD is still in existence in the @p-hbd wallet on Hive. Some of this is used to generate a return via the saving pool.

Ultimately, HBD is backed by $1 worth of $HIVE. This means the value of HIVE (more than just price). Over time, the value of the "reserve" can increase via utility.

As for the creation, yes conversion is one of the way that HBD can be created. To assert we need more HIVE is not necessarily true. The higher the price of HIVE, the more HBD that can be created by each one. So if $HIVE is $2, then 2 HBD can be minted for each.

There is a total outstanding supply with utility (simply to interact with the blockchain to start). However, conversion is another utility that has to be considered.

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