2 ms·
In 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 eco
by glocoin 4y ago
In 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...