I just finished listening to the AMA. That governance part will create an unpredictable dynamics. On one part, there will be demand for pc and staking as xpc, to be able to influence distribution of rewards. But if those rewards shift more towards kingdoms or farms from xpc, then some will unstake and sell pc. One creates buying pressure on pc, the other a potential selling pressure on it. Of course, when the price of pc drops, other whales may be interested to join the governance game and start buying pc and stake them as xpc.
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