How is the market cap limited to 10% of Hive? Is that because hbd is only created by 50% of the rewards and there is no other way for it to be created? I thought in HF25 we can now exchange hive for hbd, is there a mechanism in the exchange process to limit supply?
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The blockchain stops producing HBD if the value of it reaches 10% of that of Hive.
It will pay out in liquid Hive until the percentage drops below 10%.
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Makes sense, by the sound of it, everything has been thought through quite thoroughly, which is great, gives me confidence
There are a lot of reasons to be confident about Hive in general and HBD in particular.
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