Newcomers to crypto often ask do they need to buy a whole of something, typically Bitcoin, which of course they do not but they may have ruled out ever getting involved up to that point because of this expectation.
So in the process of moving Honey from xDai to Ethereum (see the Current Ethereum/Arbitrum Migration Plan) it has been suggested we make the total supply a multiple of it’s current value. Eg instead of the total supply being 30,000 HNY it could be multiplied during the migration by 10,000 (along with everyone’s balances) making it 300,000,000.
To make a decision about which value we should multiply by my personal approach would be to consider what I expect a reasonable valuation of Honey would be once established and target roughly $1 per Honey for that valuation.
With this in mind, what do we all think!? And please share your rationale if you have one. Keep in mind we can only every do this once. Provided Ethereum remains secure there should never be another opportunity to do this.
- 0 (~30,000)
- 10 (~300,000)
- 100 (~3,000,000)
- 1,000 (~30,000,000)
- 10,000 (~300,000,000)
- 100,000 (~3,000,000,000)
- More than any of the above