Let's talk about a PEPE Dollar token man!
Discussion: Burn PEPE to MINT PEPE DOLLARS by @
Keeping the discussion rolling from @pepetoken
Who Wants to Contribute $BEE, or Burn $PEPE Tokens For $PEPE Dollars man?
I'm definitely willing to set aside some BEE and HBD, to contribute for a launch.
Feels good man!
Twenty (20) $HBD (about 23 Milly PEPE in value!) hab been gifted and received from @pepe.voter .
In return 23 Milly PEPE is "bee"-ing delegated to @pepe.voter.
Ok, sending 20 HBD for the development of this project. If you can, please delegate PEPE power @pepetoken ~ @pepe.voter
I asked in the HIVE-ENGINE Discord what a burn to mint custom contract for a token might cost, will update when I have a response.
Witnessed this message and others. We shall wait for their response and explore further and next steps. The cost may be that of the usual 1,000 $BEE (or moar).
When this starts we may (reserve the right to) burn PEPE tokens from the Treasury to create PEPE Dollars (PEPED) while exchanging PEPE tokens for $HBD to add to the pool and/or exchange for Pepe Dollars (PEPED). While letting it (value / trading) "float" on its own. Only stepping in for maybe drastic changes. While working to "stabilize" the value within some level which is open to ideas / discussion of what may be reasonable while thinking that may be a 10% floor noting a drop of $0.90 of the $1 ($HBD) to restore trading value nearer to $1 maybe stepping in to "adjust" to $0.95 ($HBD) or so as a hypothetical level to mention at this time.
Beyond reducing the supply of PEPE, there is likely a mechanism we could use to reward the holders of PEPE dollars with curation, or other bonuses.
Mi thought is rewarding Pepe Dollar (PEPED) pools initially with $HBD which will serve as main (shared) "stabilizer".
Or manage the PEPE Dollars like EDSI tokens.
Will have to learn MOAR, anyone is welcome to share to expound so others may learn and understand.
with the MEME:PEPE liquidity pool this also could add value to MEME
Yes. Seeking to add value and to other communities and their tokens feels good man.
Feels good man!
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