You are viewing a single comment's thread from:

RE: Could HBD Change DeFi On Hive?

in LeoFinance3 years ago

Really? Maybe I'm stupid.. but if HIVE has a market cap of say $200M and HBD has a cap of say $8M to eliminate HBD one would have to "buy" all the HBD with HIVE giving HIVE a market cap of $208M. If someone bought $8M of HIVE I'm betting the price would go up.. isn't that how market caps work?

Sort:  

It could be done using the existing Hive that is out there and converting it so I am not sure it would have much of an impact.

I dont think you would see the situation where $8 million worth of new money was coming in and adding to the market cap.

It basically would be existing tokens out there being swapped.

But hey, there are people a lot smarter than me working on the problem.

Posted Using LeoFinance Beta