Can someone please explain what this will mean for my investment. I am pretty much all in on PRL right now and after reading about this I'm not sure what to do, whether I should hodl or not. If they peg the price, say $4 per 64G and they're selling 512 GB per PRL wouldn't that put each PRL at a set price of $32? If this is the case my ROI would be huge but it almost seems too good to be true. Any word on when this price peg will occur? I'm assuming with MainNet launc. Any help would be hugely appreciated. I've posted in servely different places with no replies. Thanks
The price is not pegged - PRL is not Tether. The price of PRL is pegged to storage and the peg will increase over time. Example - let's say that 1 PRL will equal 128GB which corresponds to let's say 10 USD (market will stabilize). In few months, 1 PRL will equal more - let's say 256GB. It is likely that the price will increase 2x.
And do not forget that if you participate in the airdrop (= have your PRL outside of exchanges, unless some of them will participate), you will receive 1 SHL for each 1 PRL. SHL is purely speculative asset and it is not pegged to anything.
Oyster Protocol is an ecosystem containing one speculative and one non-speculative (or partially speculative) asset.