I might be having a dumb moment.
But you expect your coin to grow to 10$ and the possibly 100$
But surely that growth is the exact same problem that bitcoin has.
Emmetropia is a Waves-based token intended to be the ultimate storage of value.
By keeping the price steady, Emmetropia can reach that goal.
Imagine, you were selling 10,000 Altcoins for .0005 EMMs so thats 5 EMMs.
At the current price of EMMs ($12,000) thats $60,000.
And you were not able to go online for 12-24 hrs for some reasons.
The value of EMMs dipped to $9,500 and you didnt know it.
Naturally, your $60,000 will drop to $47,500. You just lost $12,500 in just 24 hrs.
We can say that EMMs are behaving more like assets rather than currencies.
This is the problem that no Alt Coin can solve.
I switched BTC for EMMs... So how is it EMMs are different if you expect 10x growth?
Your set up requires dollars to emphasize a loss. You'd need to pair your currency with the Dollar for this to work, you can only expect modest rises 5-20% increase every 5years, with fluctuations.
Yes, in the original thread, one of my replies was, EMM was not intended to be an asset, it was intended to be a currency.
Yes, we will let its value grow from time to time but then there will be no sudden movements like 600% or 1000% other altcoins are exhibiting.
I think in one of my earlier replies, I said that we will behave like an asset in the beginning until we reach the desired price before capping it.
Early investors can still earn via hoarding. Buy EMMs at a low price, wait for its price to surge plus the earnings from staking.