I never really understood why selling tokens in tranches is a good idea?
Some tokens have never sold out because of that, if the price increases with each tranch.
Not that you wrote that :D
I'm considering taking 50% of all tribal tokens for HSBI.
I think this is a good idea, ofc you have to get some tokens staked before it will be meaningful :D
The general idea behind tranches is to increase HP faster as each tranche sells out. It also establishes a price floor of sorts until they sell out, because anybody who wants to sell will try to do it just under the tranche price.
For the tribal tokens, yes, you're right. I've already started delegating some of my own to @nectarbytes to start building its own stake.
I appreciate your feedback! 😁
!BBH
!PIZZA
!ALIVE
So its because you dont want to set the floor price? :D
For the tribal tokens.
You could also talk to some of the tribal creators for delegatings in and half of it will be burned until the delegation run out. If possible, not sure if anyone wants their token to be sold off xD
You are welcome :D
It's not really about setting a floor price. It's to try and aggressively build HP early on to curate the community. There's really not a good way to set a floor price and build HP quickly since maintaining a buy wall would take away funds that could be powered up.