This is because of a major security flaw when it comes to oracles minting tokens - we learned this with WLEO V1 and that's why we utilize a non-minting setup.
This is great to know. But it does make me question what would be done when there is hundreds of millions of HBD being around after HIVE reach few dollars in valuation and our stablecoin reach wider adoption. I'm only seeing a 10,000,000 pHBD supply.
!PIZZA
!LUV
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Many platforms like pancakeswap often migrate to V2 contracts when there is a need for some major upgrade. We can always upgrade pHBD to a V2 contract that has 25 million pHBD or 100 million for example.
The key to that is it requires manual migration so everyone will know it’s happening. It does require some work and logistics but it is an important part of growth. If pHBD starts nearing 9M pHBD issued, then we’ll see almost $18M in the liquidity pool. At that time, we would upgrade to V2
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Just start a pool of equal (or larger size) on BSC.
If there are 10 million HBD tied to the pHBD pool, then you are talking $20 million TVL. Duplicate that across 5 or 6 chains.
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I'm completely in favor of this. Since there are many similarities with EVM chains, the process of relaunching on multiple blockchains should not be a daunting task.
!PIZZA
It isnt. Much of what is on Polycub will end up on Cubfinance and then other chains.
So we will see a bHBD token on BSC at some point. We still have a challenge with the HBD out there.
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Not releasing all the features at once on all the chains does have the benefit of keeping the marketing buzz around. Imagine Having AvalancheCUB and FantomCUB released one after the other instead of both at once. It will be like time traveling onto familiar ground. We can rinse and repeat what has already worked with further improvements.
In fact these tough times are the best because it gets rid of the weak projects and allow us to be ready to release major developments once the markets start going up. POLYCUB even fell below $0.25 today. Markets are extremely irrational. I wish I had more liquid funds left. At least I have learned my lessons for launches on other blockchains.
!PIZZA
That is true. It also gives them time to add to the software and expand the features. You know those chains will have a HBD pool on them when they go live.
It wasnt the case a month ago.
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This type of adoption is extremely important. Most people default to using whatever that is easily available. If users get introduced to HBD and then learn about free transactions on HIVE, that is going to get more attention to HIVE. If we can have RC Delegation Pools ready when the masses come, we can get a lot of interest from cryptocurrency users/investors who have been ignoring us for a long time.
!PIZZA
Thank you for the information. I love @taskmaster4450le's idea starting a pool on BSC. I'm not a programmer, but I assume most of the heavy lifting should already be done as you have launched on Polygon. CUB is seriously looking left out at the moment. Some new launches on CubFinance will certainly bring smiles to many investors here. Thank you for all the hard work so far. It is such a pleasure to be with a project since the launch day and HODL for a long time to come. 😎🚀👍
Best of Luck!
!PIZZA
@vimukthi(1/1) gave you LUV.
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