Exchange value matters a bunch because the development DAO is denominated mostly in HIVE. Increase exchange value, longer runway. Decrease exchange value, shorter runway.
Tokens never leave the economy (apart from burning). A sale is merely a transfer to an exchanger, hence the lack of economic activity manifests as an increase in the % held by the exchangers. But nothing ever leaves.
Exchange value matters a bunch because the development DAO is denominated mostly in HIVE. Increase exchange value, longer runway. Decrease exchange value, shorter runway.
Tokens never leave the economy (apart from burning). A sale is merely a transfer to an exchanger, hence the lack of economic activity manifests as an increase in the % held by the exchangers. But nothing ever leaves.