RE: HBD: The "Safe" Stablecoin?

almost 3 years ago

You are viewing a single comment's thread:

Well at least so far the HBD peg hasn't really dropped as much. I think the mechanisms will bring prices down eventually but I still think we have to pay attention after what happened to IRON/TITAN.

Posted Using LeoFinance ^Beta

hive-167922 leofinance

0.000

3 comments

@taskmaster4450le 80

almost 3 years ago

but I still think we have to pay attention after what happened to IRON/TITAN.

What do you mean? Wasnt that a rugpull?

Posted Using LeoFinance ^Beta

0.000

@jfang003 75

almost 3 years ago

I think it was kind of someone abusing the algorithm they were using. By removing liquidity then selling the tokens, the price was knocked off peg and it destroyed a lot of people who had the base token since the price tanked.

Posted Using LeoFinance ^Beta

0.000

@taskmaster4450le 80

almost 3 years ago

The difference is the coding for HBD is in the blockchain. Hence it cant be changed without a hard fork and has to be done openly.

Posted Using LeoFinance ^Beta

0.000