The idea is to get people to buy BTS to back HERO correct? What is the underlying goal? Just to bring up the value of the BitShares chain by funnelling wealth to it? What happens when the desired value is reached? People receive BTS? BitUSD? Do they essentially cash out and dump?
First i've heard of HERO. Trying to figure out what the underlying goal is in the long term.
Is there a post that goes into more detail?
The goal is to bootstrap HERO into a mainstream currency. For those with a high risk tolerance, this means buying BTS and using it as collateral to issue HERO into existence. Those with a low risk tolerance, can simply acquire HERO to use it as a 5% APR savings account.