!flux11 Gm Tree frens ☕️ Can someone explain in simple term…
!flux11 Gm Tree frens ☕️
Can someone explain in simple terms why I would want to get MNEE instead of just using bsv...
Replies
if you're running a business with costs measured in USD and are worried about volatility risk holding BSV. so for example I earn 1 BSV and have to buy $40 worth of materials to make whatever im selling, and BSV crashed to $20, i could be out of business, but if I was holding MNEE I would be ok
but what if the price of mnee dropped, wouldn't you have the same issue to a degree?
but also what you just said is exactly why btc will never be mass adopted
in theory, MNEE should almost always track the price of USD, that is what a stable coin is financially engineered to do, so it should be much less likely that you have a 50% drop relative to USD
yeah I get that, same as tether right?
so MNEE is just another version of tether where it doesn't matter which crypto you want to use, the price of it will always reflect usd as opposed to the crypto in question...that right?