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RE: A possible ECOBANK model for revision and feedback

in LeoFinance2 years ago

Great suggestions - here's a few thoughts -

1- token price on the hive-engine market does not matter. it will be subject to demand and offer, so could be higher or lower than the actual asset backed value represented by the token in any single moment.

2 - Asset backed value will be calculated periodically, not sure how frequently we can do this, clever investors will hopefully try to buy under this value and sell above this value, so the market mechanism can work to stabilize the token price around the ABV (asset backed value).

3 - I like your governance suggestions, a veto share is clever, though in my eyes likely to be had not by token investors but by the team here on the ground.

4 - check out the latest post and keep giving your feedback! It is greatly appreciated!!

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Thanks for the clarifications.

Concerning 3, maybe I was not clear enough. When I mentionned the golden share/veto right, I meant YOU should hold it (or as you said, the team on the ground).

The idea of a "board" was there to protect the project a bit more and maybe smooth some decision processes that have to be made faster than usual.

I'll have a look at your new post at my lunch break ;) Duty calls !