Any token can be pegged to any other currency (such as USD), but it should have a good reason for the peg or it won't get much support from the community. 🤔🤓 !PIZZA !WINE
There can be several reasons, but one reason I can think of is that if there are already tokens (such as HBD on the first layer of the Hive blockchain that is already stable enough, and the CENT token on #HiveEngine which so far has failed to be worth close to $0.01), then they would likely hesitate to support another stabletoken. 🤔🤓 !PIZZA
Any token can be pegged to any other currency (such as USD), but it should have a good reason for the peg or it won't get much support from the community. 🤔🤓 !PIZZA !WINE
And what is a good reason? Like in "why wouldn't !wine it be getting support from the community"?
There can be several reasons, but one reason I can think of is that if there are already tokens (such as HBD on the first layer of the Hive blockchain that is already stable enough, and the CENT token on #HiveEngine which so far has failed to be worth close to $0.01), then they would likely hesitate to support another stabletoken. 🤔🤓 !PIZZA