PoB Price and VYB Effects

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(Edited)

The announcement of the new tribe, Vybrainium (VYB) is good news for POB fans. I hope the project will be the companion to the growth of the POB project and development.

You can read the details of the Vybrainium project at this link https://www.proofofbrain.io/proofofbrain/@vyb.vyb/new-tribe-and-token-verify-your-brain-oror-vybrainium-vyb

The VYB Influences

Vybrainium is not an official project of ProofofBrain. It is a project initiated by some POB users. In general, the VYB token will influence the supply of POB in the market. It is because there are some rewards and compensations if POB users exchange their tokens to VYB.

The lowest initial offer of VYB is 1 / 4. This comparison will decrease in each phase of the VYB offering. In my opinion, when the price of VYB improves, the demand for VYB will increase, which will automatically reduce the supply of POB tokens in the market. Thus, the demand for POB tokens will also increase, causing the POB price to rise. Will this scenario work? This requires the involvement of all parties, both VYB and POB stakeholders. Without a good collaboration, I think it will be difficult because VYB started with POB-based liquidity. If the VYB developer has liquidity to back up, it will be better.

For example, VYB developers sell VYB with Hive or HBD as back up assets. By backing up assets that are accepted by the market, VYB developers will find it easier to control prices, for example by buying them back.
Another way to get liquidity is to offer a VYB reward by delegating Hive Power to the VYB official account. The delegators will earn 1 VYB and 4 POB. The hive and hbd curation reward from the official account is to buy back VYB and POB in the market. Though, there are no members who exchange POB to VYB the VYB official account still eat up POB with the profit from curation reward in HBD and Hive.

POB price analisys

screenshot_from_2021_11_27_12_26_16.png
The POB price is $0.154.It is higher than a week ago because of the rise in Hive price. On the other hand, the price of POB to Hive continues to fall. It is currently at 0.067 hive.There are more users that sell POB tokens. A few weeks ago, I wrote that the supply token in the market was around 13%, but today the supply token in the market is 18%.
pob.jpg

Total Circulating1,886,021.42
Burn5,524.410.29%
Staking1,532,125.5281.47%
Liquid342,847.618.47%

1,000,000 claimable VYB with these schemes

VYBRATIOPOB
150,000 VYB1 POB : 4 VYB37,500 POB
99,999 VYB1 POB : 3 VYB33,333 POB
100,000 VYB1 POB : 2 VYB50,000 POB
300,001 VYB1 POB: 1 VYB300,001 POB
50,000 VYB2 POB : 1 VYB100,000 POB
50,000 VYB3 POB : 1 VYB150,000 POB
50,000 VYB5 POB : 1 VYB250,000 POB
50,000 VYB8 POB : 1 VYB400,000 POB
50,000 VYB12 POB : 1 VYB600,000 POB
50,000 VYB17 POB : 1 VYB850,000 POB
50,000 VYB23 POB : 1 VYB1,150,000 POB
TOTAL
1,000,000 VYB3,920,824 POB

If this scenario works, it will take more than 4 years to achieve that amount of minted POB tokens.
The price of the VYB token will change in tandem with the VYB distribution schemes.
Here is the VYB price conversion.

If the price of POB is $0.15 the VYP price will be

VYB PRICEVYB/POB
0.03754 VYB/1 POB
0.053 VYB/1 POB
0.0752 VYB/1 POB
0.151 VYB/1 POB
0.31 VYB/2 POB
0.451 VYB/3 POB
0.751 VYB/5 POB
1.21 VYB/8 POB
1.81 VYB/12 POB
2.551 VYB/17 POB
3.451 VYB/23 POB

pobcurve.jpg

Analysis

This is a truly personal opinion. I need your feedback on my analysis.

VYB tokens can be obtained via mining, liquidity pools, and blogging. With 50 % staked and 50 % tradeable if I am not mistaken, there will be hyperinflation of VYB in the market if VYB is used as the back up of POB token. The absence of liquid tokens like Hive or HBD will cause people to sell their VYB for Hive or HBD. Besides that, the developer will spend some money on maintaining the front end of the VYB blogging platform. Where does the fund come from to pay the hosting fee? Is it from selling VYB or selling POB? In my opinion, VYB developers need to have an official account that accepts Hive Power delegation. With the delegation, the account will earn Hive and HBD. The fresh funds from curation rewards in Hive and HBD are used to buy back VYB tokens in the market. Other sources of income are via advertising revenue. Yet, the advertising revenue is too small if it's the front end of a new website. My suggestion is that the developer should also sell VYB in Hive, HBD, ETH or BTC. If it can be done, VYB has liquid assets that back up its value.

Thanks for reading. This post is a personal opinion. I am sure that you have better ideas.



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11 comments
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4x and 3x are gone !
2x is ~ half way

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Thanks for the correction

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ok I miss a lot on social content layers around Hive but what again is this VYB all about? So my PoB are now totally useless? A short light would be much appreciated.

Found this recently but still no idea what this is all about:

Big things seem to be happening behind the scenes and @trostparadox and his newly formed vyb team @scholaris.pob @calumam and @nonsowrites have really out done themselves with this amazing initiate. I wish you guys the best of luck and look forward to converging with you at some point as things move forward.


Posted via proofofbrain.io

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Hello. I don't think that POB is useless. VYB is its own tribe, but also supports POB. Unlike, POB, VYB is a tribe that renders the DV powerless. Instead, it seeks to continue supporting all content and manage abuse with the mute function by consensus (either by article or user with justification).

@trostparadox, @calumam, did I get that right?

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what again is this VYB all about?

Take a look at the VYB white paper.


So my PoB are now totally useless?

I certainly hope not. At present, the primary way to get VYB is with POB. If anything, this should increase the value of POB.

Also, as I commented here:

... if folks exiting POB end up selling it for HIVE instead of exchanging it for VYB, then you might see the price of POB drop. However, there are currently 20,000 VYB that can be obtained via 1 POB for 2 VYB and 300,000 VYB that can be obtained via 1 POB for 1 VYB.

This means that an arbitrage opportunity exists for folks to buy POB and exchange for VYB. This should create a floor for POB that would be no lower than the market price for VYB (which is currently 0.298 HIVE -- albeit with almost zero liquidity, so that price doesn't mean much).

As such, it seems highly doubtful the price of POB will be negatively impacted by the launch of VYB, and plenty of reason to believe the price of POB will rise if VYB grows in popularity.

This, coupled with the fact that the launch of VYB is meant to complement POB (VYB can be thought of as a sort of 'retirement' token that can be earned alongside POB, but is intentionally less liquid).

It goes without saying that this is by no means financial advice.

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Sounds interesting, so swapping PoB for VYB currently, so I need liquid PoB for that - what is the current ratio?


Posted via proofofbrain.io

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As of this moment, 12,530 VYB are available at the 1 POB for 2 VYB ratio.

After those 12,530 VYB are claimed, the ratio will be 1:1 for the next 300,000 VYB.

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ok, thx buddy, might be too late then so waiting for the airdrop

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They create vyb tribes that comply with pob. Now the vyb token is live for claim.

Posted Using LeoFinance Beta

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