7 ms·
>any time the price is above $1 you mint some coins and sell them What if you run out of dollars and the price is still above $1?
by 0xffff2 4y ago
>any time the price is above $1 you mint some coins and sell them
What if you run out of dollars and the price is still above $1?
- mcintyre1994 4y agoI don’t think there’s any serious risk of the price getting stuck above $1, because there’s no reason for anyone to buy at that price. Unless it de-pegs completely and becomes a totally speculative asset and everyone just ignores the offer to buy them for $1 I guess?
- yreg 4y agoYou don't run out of dollars in this case. Each time you mint a token and sell it, you earn at least a dollar for the treasury.