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And how do you deal with demand collapsing?
by shinryuu 4y ago
And how do you deal with demand collapsing?
- glocoin 4y agoIn general, as you've likely surmised, demand needs to rise over time for the project to succeed. In the long-run, our aim is to have that demand come from economic activity -- meaning people using GLO for all the things they normally use cash or a credit card for. In the beginning, We expect philanthropists and altruists to drive demand. If demand falls, we also have a USD reserve with which we trade with our own coin to support the value. We discuss this more in the trading section of our white paper [0]. Happy to discuss further if you have questions! [0] https://docs.google.com/document/d/1E09fdrvBr_TgsUqODq-MROfoSniHI8Ri_3gRYYoWXi0/edit#heading=h.94kr50u83dx2 https://docs.google.com/document/d/1E09fdrvBr_TgsUqODq-MROfo...