The announcement of the new tribe, Vybrainium (VYB) is good news for POB fans. I hope the project will be the companion to the growth of the POB project and development.
You can read the details of the Vybrainium project at this link @vyb.vyb/new-tribe-and-token-verify-your-brain-oror-vybrainium-vyb
The VYB Influences
Vybrainium is not an official project of ProofofBrain. It is a project initiated by some POB users. In general, the VYB token will influence the supply of POB in the market. It is because there are some rewards and compensations if POB users exchange their tokens to VYB.
The lowest initial offer of VYB is 1 / 4. This comparison will decrease in each phase of the VYB offering. In my opinion, when the price of VYB improves, the demand for VYB will increase, which will automatically reduce the supply of POB tokens in the market. Thus, the demand for POB tokens will also increase, causing the POB price to rise. Will this scenario work? This requires the involvement of all parties, both VYB and POB stakeholders. Without a good collaboration, I think it will be difficult because VYB started with POB-based liquidity. If the VYB developer has liquidity to back up, it will be better.
For example, VYB developers sell VYB with Hive or HBD as back up assets. By backing up assets that are accepted by the market, VYB developers will find it easier to control prices, for example by buying them back.
Another way to get liquidity is to offer a VYB reward by delegating Hive Power to the VYB official account. The delegators will earn 1 VYB and 4 POB. The hive and hbd curation reward from the official account is to buy back VYB and POB in the market. Though, there are no members who exchange POB to VYB the VYB official account still eat up POB with the profit from curation reward in HBD and Hive.
POB price analisys
The POB price is $0.154.It is higher than a week ago because of the rise in Hive price. On the other hand, the price of POB to Hive continues to fall. It is currently at 0.067 hive.There are more users that sell POB tokens. A few weeks ago, I wrote that the supply token in the market was around 13%, but today the supply token in the market is 18%.
| Total Circulating | 1,886,021.42 | |
|---|---|---|
| Burn | 5,524.41 | 0.29% |
| Staking | 1,532,125.52 | 81.47% |
| Liquid | 342,847.6 | 18.47% |
1,000,000 claimable VYB with these schemes
| VYB | RATIO | POB |
|---|---|---|
| 150,000 VYB | 1 POB : 4 VYB | 37,500 POB |
| 99,999 VYB | 1 POB : 3 VYB | 33,333 POB |
| 100,000 VYB | 1 POB : 2 VYB | 50,000 POB |
| 300,001 VYB | 1 POB: 1 VYB | 300,001 POB |
| 50,000 VYB | 2 POB : 1 VYB | 100,000 POB |
| 50,000 VYB | 3 POB : 1 VYB | 150,000 POB |
| 50,000 VYB | 5 POB : 1 VYB | 250,000 POB |
| 50,000 VYB | 8 POB : 1 VYB | 400,000 POB |
| 50,000 VYB | 12 POB : 1 VYB | 600,000 POB |
| 50,000 VYB | 17 POB : 1 VYB | 850,000 POB |
| 50,000 VYB | 23 POB : 1 VYB | 1,150,000 POB |
| TOTAL | ||
| 1,000,000 VYB | 3,920,824 POB |
If this scenario works, it will take more than 4 years to achieve that amount of minted POB tokens.
The price of the VYB token will change in tandem with the VYB distribution schemes.
Here is the VYB price conversion.
If the price of POB is $0.15 the VYP price will be
| VYB PRICE | VYB/POB |
|---|---|
| 0.0375 | 4 VYB/1 POB |
| 0.05 | 3 VYB/1 POB |
| 0.075 | 2 VYB/1 POB |
| 0.15 | 1 VYB/1 POB |
| 0.3 | 1 VYB/2 POB |
| 0.45 | 1 VYB/3 POB |
| 0.75 | 1 VYB/5 POB |
| 1.2 | 1 VYB/8 POB |
| 1.8 | 1 VYB/12 POB |
| 2.55 | 1 VYB/17 POB |
| 3.45 | 1 VYB/23 POB |
Analysis
This is a truly personal opinion. I need your feedback on my analysis.
VYB tokens can be obtained via mining, liquidity pools, and blogging. With 50 % staked and 50 % tradeable if I am not mistaken, there will be hyperinflation of VYB in the market if VYB is used as the back up of POB token. The absence of liquid tokens like Hive or HBD will cause people to sell their VYB for Hive or HBD. Besides that, the developer will spend some money on maintaining the front end of the VYB blogging platform. Where does the fund come from to pay the hosting fee? Is it from selling VYB or selling POB? In my opinion, VYB developers need to have an official account that accepts Hive Power delegation. With the delegation, the account will earn Hive and HBD. The fresh funds from curation rewards in Hive and HBD are used to buy back VYB tokens in the market. Other sources of income are via advertising revenue. Yet, the advertising revenue is too small if it's the front end of a new website. My suggestion is that the developer should also sell VYB in Hive, HBD, ETH or BTC. If it can be done, VYB has liquid assets that back up its value.
Thanks for reading. This post is a personal opinion. I am sure that you have better ideas.