$POB: The solution to the POB Price Drop
The bearish market for POB has caused more authors to sell their tokens. Some authors only use the proofofbrain hashtag to earn free money. Uncertainty about the project and the development of the POB token may be one of the causes of the price drop.
I have an idea that may be contradictory to yours. However, this is something you should think about.I hope some whales will read this post and try to translate it into their own concepts.
What is $POB ?
$POB is a hive-engine token backed by the dollar. The concept is similar to HBD, but I think it is a little bit different. $POB should be created by a non profit account or multi-signature accounts. The purpose of this type of account is to prevent corruption.
How does $POB work?
- An account mints $POB
- Hive members buy $POB from the market of pre sales.
- Hive members stake $POB
- The $POB stakers earn POB tokens.
- 50 % USD value is used to buy POB tokens in the market.
- 50 % USD value is stored to stabilize the $POB price in the market.
Illustration
- For the first batch, 100,000 $POB are minted. All the $POB are sold to the public.
- The $POB issuer should stabilize the assets in HBD.
- 50,000 dollars' worth of the asset is used to buy POB tokens in the marketplace.
- The POB bought tokens are used to reward $POB stakers.
- 50,000 dollars' worth of assets is stored in HBD.
- If the POB price increases, the POB token reward for $POB stakers will decrease.
- $POB issuer is allowed to sell POB tokens to increase the dollar value of assets.
- The dollar-value asset target should be 200 percent of the minted $POB.If the minted $POB is 100,000, the target of the dollar value asset should be $200,000
The influence of the $POB to the POB price
$POB token will be the liquidity stabilizer for the POB token in the market. Besides that, $POB will reduce the supply of POB tokens in the market. This scenario will influence the demand for POB tokens so that it effects the rise of the POB price.
The current supply of POB tokens in the market is around 13 %. It is 231,639 POB. If minted POB tokens reach 4,000,000 , 13 % will be 520,000.
In recent market conditions, the liquidity of POB tokens increased by 1 to 2% from the previous week.Do you think that the supply token will not rise in the future? If there is no POB market stabilizer , the liquid POB token will reach more than 20 % in the near future.
If the liquid POB in the market has gained to 20%, The POB price will continue to fall. More authors may use POB as the milking tribe. There are too many competitors in the future in Hive network. How does POB compete on outer platforms while in the internal competition is lost?
At the current price of $0.08, every $1 value of $POB reduces the market supply of 6.25 POB tokens.If 1000 $POB tokens are sold, there will be 6,250 POB tokens stored in the $POB issuer account.
This is a raw idea, I think you have better ideas than this. I hope you can share it in the comments.
I want it to fall so I can buy a whole bunch cheap. Don't be changing the system on us mid way through? There's a limited supply of pob, I am in it for the long run, eventually the supply will be gone in 5 plus years. haha
Great, POB need more buyers. This is just a wild idea, there is nothing to do with proofofbrain.io officially. Thanks for the response
I lost faith in POB when proofofbrain.io started charging a 10% tax on posts. I don't think they can overcome that blunder with a new formula for the coin.
Is the whole idea of the POB one proofofbrainio, and his 10%?..
There is no relation with 10% charge fee from proofofbrain.io with this post. I like to make a discussion the idea of supply token stabilizer with $POB
I get your idea, thank you. My comment does not refer to your post, but to @yintercept's comment..
That's ok, it is a discussion I apologize for misunderstanding
Posted Using LeoFinance Beta
lol, so when the token was released?
https://www.proofofbrain.io/hive-150329/@proofofbrainio/introducing-proof-of-brain-token-pob-whitepaper
Thanks for dropping by my post.
The 10% is a bad idea. The tax affects people who use proofofbrain.io for posts. These are the people POB should want to encourage.
The tax ends up benefiting the person who uses leofinance.io and who drops POB as one of a dozen tags on every post.
The tax also undermines the claim that the Hive blockchain does not charge fees (opting to pay for things with inflation on the coins).
The tax may have been discussed when POB launched. That does not mean that it was a good idea.
The past is full of bad ideas.
I 'm not sure about 10 % fee for POB users who do not use the front end. here in my discussion is talking about the possibility of $POB to stabilize the liquidity and limiting the supply of POB in the market
Never fails to amaze me.
Here is a comment I made not too long ago which includes a message from the founder of informationwar, not sure if it'll help, it helped me.
https://www.proofofbrain.io/informationwar/@calumam/r1zoe2
This post is not official news from proofofbrain.io. This idea can be practised by everyone to stabilize the token tribes.
There are so many different crypto tokens that it is almost impossible to keep track of it all.
Your idea is pretty decent, although I am not a financial professional. The most important factor in determining the worth of anything is consumer demand.
The people of Hive do not like things like fees and taxes which was I think the appeal of Hive.
I know we are talking stability and not so much price increase. As Hive becomes more popular with the Web2.0 peeps, that the other tokens may experience a similar rise in popularity and value.
That is true, the high liquidity of tokens in hive-engines matters because most investors will lose their interest seeing tokens with low trading volume. The purpose of $POB is to make POB token more liquid by decreasing the amount of the circulating supply in the market.