We in da Pepe Kommunity are exploring the idea of a $PEPE Dollar!
Dis idea recently resurfaced with sum MOAR support. So let's explore MOAR shall we?
IDEA: Introduce a $PEPE Dollar (PEPED).
Also idea of da $KEK Dollar (KEKD).
Currently leaning towards PEPE Dollar, as KEKE Dollar is just a mention.
Creating the token is within reach. We here in da froggie department along wif da treasury are open to kicking dis open and off.
So you may even burn a (hive backed) dollar of $PEPE tokens to receive a $PEPE Dollar (or $KEK dollar, if we suddenly elekt fer such a change, although unlikely).
In further exploration ob dis idea you may go to tribal DEX for example: https://tribaldex.com/swap.
Or going to Pools, https://tribaldex.com/pools, searching for the SWAP.HBD:PEPE pool.
Here we get: 240,665.27890806 and 206,244.42936711 PEPE/SWAP.HBD.
Due to the difference we'd ask that the amount be burned using the swap function (initially). We may converse further on such rules. As they are initially being presented. The pool is a spot price and would be moar (more) if a full (Hive) dollar worth of PEPE were swapped / traded.
So for today and now one $PEPE dollar may be rewarded for the burning of 240,665.27890806 to/or (about) 240,666 $PEPE tokens. This may initially be limited to one per account. Of course some, or many may want MOAR.
Using the swap function we may see a higher price to burn MOAR for MOAR $PEPE dollars.
Two would be 499,810.42677412 (250,000 each).
Three would be 779,648.93640431 (259,883 each).
Four would be 1,082,762.50711312 (270,691 each).
Five would be 1,412,180.92911634 (282,436 each).
Ten would be 3,606,897.85115135 (360,690 each).
Twenty would be 16,179,252.99114122 (808,963 each).
This would require MORE $PEPE tokens to be burned to get $PEPE dollars. This would be good for the token and also adding scarcity. Would enough want to agree to this may be a question. Could be a price to pay for stability. Which of course is not guaranteed, but open for consensus.
Such could limit how many someone may want per day. Or we may agree on the base price be it at one dollar exchange rate, or spot trace price value rate.
Lastly open to contributions / donations of $BEE tokens to cover cost of token creation and creation of a pool with $HBD.
Feels good man
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So we would swap HBD for PEPE, then burn the PEPE? Would you manually send PEPED? Any thoughts about a PEPED:PEPE pool? Or PEPED:SWAP.HIVE pool?
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Yes.
Maybe initially yes. Although we are looking into the possibility of a contract since the Hive Engine team has implemented this with the BEE Dollar.
Yes, those may both be thoughts. However either would preferably want to be filled with a good amount of liquidity to support PEPED being pegged to a $1 / $HBD. Think we want to implement the HIVE:PEPE pool too, however I think and feel strongly that the token should be well supported about the 0.00001 level so it is listed with the list of tokens. Had I initially realized this factor may have positioned the token at a higher value to meet this, but we're currently below it, although we have been at that threashhold and sure we will again after the "froggie valley" and back to "froggie mountain". !BBH
Let's hop to froggie mountain soon! Happy to hear about these future possiblilities and thought-processes with !PEPE !BBH
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