The PEPE token community recently fired up an idea about burning PEPE tokens for PEPE Dollars...
While we are going to look into a smart contracts for this. The Hive Engine / $BEE team has a contract that does this for the $BEED, BEE Dollar. So this seems like a great idea to implement with the technological possibility as well.
Offering to allow users to burn PEPE tokens to mint and get a / some PEPE dollars. While also burning PEPE tokens to mint some to kick things offer and start a market. While initially tradeable in $HIVE, we will see to create a $PPDLR:$HBD pool. Also with twenty (20) $HBD gifted from @pepe.voter of which half was used to create the PEPE Dollar and as a thanks over twenty Milly PEPE in Power has been delegated.
It currently takes 279,915.93503272 PEPE tokens to swap for one $HBD using TribalDex. So we may use this for today's rate at 280,000 PEPE tokens per PEPE Dollar.
Burning 28,000,000 PEPE tokens to mint the first 28 PEPE Dollars. These may also be offered in part in a PPDLR:HIVE market at tiered levels. Listed at about $1, but may change in to a good deal as the price of $HIVE changes.
To get PEPE Dollars (PPDLR) burn PEPE tokens by sending to @null in amounts of 280,000 per PEPE Dollar to get whole numbers of PEPE Dollars. Then leave a comment on this post and tag @pepetoken so that I may be notified and know where to find notice of such please and thank you.
Appears that 3.21661082 is the $HIVE cost of one $HBD. So the first PEPE Dollar (PPDLR) may be offered for this amount of (in) $HIVE tokens.
Froggie Dollars Feel Good Man!
Posted Using INLEO
