Assigning actual value to a layer 2 token is hard. I don't think any of them have managed it yet. At least in the mid to long term. But it could be the key
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Assigning actual value to a layer 2 token is hard. I don't think any of them have managed it yet. At least in the mid to long term. But it could be the key
Both EDSI and SPI are asset backed and have assigned values.
EDSI is relatively easy because each EDSI is backed by 1 HIVE in the @eddie-earner wallet. If the token was liquidated tomorrow, each token holder would receive a proportion of the wallet commensurate with their EDSI holdings.
SPI is asset backed and the value of each token varies week by week depending on what is happening to each of the thirty or so assets held. However, if SPI was liquidated, all assets would be sold and the proceeds distributed to token holders according to the SPI holdings.
Yeah, that's right there are a few that are asset backed and legit in that respect. I probably meant more of the ones that were issued as rewards or for some kind delegation. They almost inevitably travel downward
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this is the puzzle piece we need to come up with my friend.
Yup, totally agree