The bearish market for POB has caused more authors to sell their tokens. Some authors only use the proofofbrain hashtag to earn free money. Uncertainty about the project and the development of the POB token may be one of the causes of the price drop.
I have an idea that may be contradictory to yours. However, this is something you should think about.I hope some whales will read this post and try to translate it into their own concepts.
What is $POB ?
$POB is a hive-engine token backed by the dollar. The concept is similar to HBD, but I think it is a little bit different. $POB should be created by a non profit account or multi-signature accounts. The purpose of this type of account is to prevent corruption.
How does $POB work?
- An account mints $POB
- Hive members buy $POB from the market of pre sales.
- Hive members stake $POB
- The $POB stakers earn POB tokens.
- 50 % USD value is used to buy POB tokens in the market.
- 50 % USD value is stored to stabilize the $POB price in the market.
Illustration
- For the first batch, 100,000 $POB are minted. All the $POB are sold to the public.
- The $POB issuer should stabilize the assets in HBD.
- 50,000 dollars' worth of the asset is used to buy POB tokens in the marketplace.
- The POB bought tokens are used to reward $POB stakers.
- 50,000 dollars' worth of assets is stored in HBD.
- If the POB price increases, the POB token reward for $POB stakers will decrease.
- $POB issuer is allowed to sell POB tokens to increase the dollar value of assets.
- The dollar-value asset target should be 200 percent of the minted $POB.If the minted $POB is 100,000, the target of the dollar value asset should be $200,000
The influence of the $POB to the POB price
$POB token will be the liquidity stabilizer for the POB token in the market. Besides that, $POB will reduce the supply of POB tokens in the market. This scenario will influence the demand for POB tokens so that it effects the rise of the POB price.
The current supply of POB tokens in the market is around 13 %. It is 231,639 POB. If minted POB tokens reach 4,000,000 , 13 % will be 520,000.
In recent market conditions, the liquidity of POB tokens increased by 1 to 2% from the previous week.Do you think that the supply token will not rise in the future? If there is no POB market stabilizer , the liquid POB token will reach more than 20 % in the near future.
If the liquid POB in the market has gained to 20%, The POB price will continue to fall. More authors may use POB as the milking tribe. There are too many competitors in the future in Hive network. How does POB compete on outer platforms while in the internal competition is lost?
At the current price of $0.08, every $1 value of $POB reduces the market supply of 6.25 POB tokens.If 1000 $POB tokens are sold, there will be 6,250 POB tokens stored in the $POB issuer account.
This is a raw idea, I think you have better ideas than this. I hope you can share it in the comments.