PEPE Dollar

Idea of a PEPE Dollar has been mentioned a few times.

Recently brought up was the idea like a BEE Dollar.

The idea of burning PEPE, which we like to do.

Resulting in a PEPE Dollar for your burned PEPE for burning a (one) $HBD worth.

Mi like this idea in that it would be a way to use and burn PEPE tokens while also resulting in a stable coin. While this may also be limited it may be a good one to bring outside of the (Hive) Blockchain to another.

Let us know what you think as and to the community.

Maybe a develop is interested in the idea as well that may offer to set it up if there is enough interest. If so could burn so many PEPE from the Treasury into these PEPE Dollars to get things started.

Feels good man

Posted Using INLEO



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I indeed think that a PEPEDOLLAR is a !FUN idea, though someone would have to try to keep its price as stable to 1 USD (or better yet, 1 HBD) as possible. 🤓😏 !LUV !DIY

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Yes of course. Why it would be required to burn a dollar, or HBD, worth of PEPE tokens. Stability would be up to the holders, especially in the beginning. !INDEED !WEIRD !BBH

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When the time comes that you would create a PEPEDOLLAR (or similar name) token (on #HiveEngine), you might want to study how the HBD first-layer Hive token and the CENT second-layer token which is on Hive Engine try to keep their prices as close as possible to 1 USD each. 🤔🤓😏 !LOLZ !DIY

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Yes.. ..Hive backs the HBD and it is distributed in the form of rewards that fluctuates with given policy. Have studied in over the years. Agree, and would love help in doing so as many have knowledge to share on such. Me think to have heard some story tale(s) of some great "Stabilizer".🤔🤓

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In the case of the CENT token, perhaps someone could just buy more and more of that token so that its price reaches $0.01 each, and the same could be applied to PEPEDOLLAR (or PEPED as you named it) so that its price reaches $1.00 each. 🤔 You can also award #PeakD Badges to motivate Hive users to become "PEPE Dollar Whales". 🤓 !LOLZ !DIY

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@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @pepetoken! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

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@savvytester just sent you a DIY token as a little appreciation for your comment dear @pepetoken! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

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@savvytester just sent you a DIY token as a little appreciation for your post dear @pepetoken! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

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That was my thought, there are probably enough of us PEPE fans to be able to form a liquidity pool between the PEPE Dollar and HBD.

What is the current cost to start a pool in $BEE?
!LOLZ

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Yes. Probably enough, yes, as it only takes a few to get it started and others may follow.

Look at costs: 100 BEE for the token and 1000 BEE for the pool "PEPE Dollar" (maybe PEPED) Who wouldn't like to PEPE'D (other) people? About 384 HIVE ~ 115 HBD.

So we may look at ways to covering costs, or electing for the Treasury to cover the cost. Think such may be worth it with community support. As this would add a way to burn PEPE tokens and create "PEPE Dollars". Maybe this could be explored to reach out on another blockchain as a PEPE token that others may be interested in as well. Also have an added advantage of adding value to it by making posts on HIVE and staking HBD from such to add MOAR value creating MOAR than one HBD of value per PEPE Dollar.

Notifying other PEPEnthusiasts: @kenny-crane @ironshield @pepe.voter All in favor say "Ribbit!" and anything else you would like to add.

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Ribbit!, I'd be willing to contribute some BEE to that goal.

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Ribbit! Sounds good to me man. Shall see what others say.

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Ok, sending 20 HBD for the development of this project. If you can, please delegate PEPE power @pepetoken

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We could start with the token, the requirement of burning one dollar worth, and traded in HIVE initially. Maybe even call it a/the KEKE Dollar (of Kekistan), or that may be too much fer sum, and we stik wit Pepe Dollar. :)

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Kekistan the Republic of 4chinz :)
PEPE Dollar might be more recognizable for the token.

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I like the idea of PEPE Dollars. Would it be pegged to the US dollar, to HBD, or something else? 😁 🙏 💚 ✨ 🤙

!ALIVE
!BBH
!DIY
!WEIRD

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Yes! It may be pegged to any dollar holders so choose. Given the ability to create a pool with HBD it would probably pegged to such on Hive. If it were to be outside of Hive then the "Dollar". Unless we managed to find a way to grow the Pepe Dollar so it was soft peggs and open to a mixture of things that may help it go towards to positive side of the Dollar and hence to not shrink with it. !WEIRD !INDEED !BBH

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Pegging it to HBD would be a good choice, I think. There's also BEED, the BEE Dollar stable token, which doesn't presently have too many uses yet. Having it pegged to a basket of different solid assets could also work. I look forward to seeing where you decide to take it! 😁 🙏 💚 ✨ 🤙

!BBH
!INDEED
!WEIRD

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Yes. Agree with both. However for simplicity sake and cost effectiveness we may peg tp the HBD. Another option is to "bee" like $GIFU, and make an external token. This may be advantageous in allowing for cheaper pool creation while potentially reaching out to other markets. Then the fee would go towards a listing fee and using a dollar pool on another chain (BNB, or Polygon) allowing for cheaper pool creation. 🙏 💚 ✨ !BBH !INDEED !WEIRD

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Yes. Agree with both. However for simplicity sake and cost effectiveness we may peg tp the HBD. Another option is to "bee" like $GIFU, and make an external token. This may be advantageous in allowing for cheaper pool creation while potentially reaching out to other markets. Then the fee would go towards a listing fee and using a dollar pool on another chain (BNB, or Polygon) allowing for cheaper pool creation. 🙏 💚 ✨ !BBH !INDEED !WEIRD

Also posted: Thoughts on a PEPE Tipping Bot Man with basic outline of tips of PEPE to users and rewards for tipping in PEPECASH. With mention of possibility of memes, and bonus tokens. WIth the plan of a summary post I think the preference may be without memes at least initially to minimize and not appear as spam(my).

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Oh, OK, excellent, I'll go read it now. Yes, until the bot downvoting stops, I think that implementing it without memes is a good idea, at least for now. 😁 🙏 💚 ✨ 🤙

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Yes, great, thank you. In time as it is built up and operating well, and accepted, we may implement MOAR. 🙏 💚 ✨ !LUV !PIZZA !DIY

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@tydynrain just sent you a DIY token as a little appreciation for your comment dear @pepetoken! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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@pepetoken just sent you a DIY token as a little appreciation for your comment dear @tydynrain! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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Yes, I certainly understand the reasoning behind possibly pegging it to HBD. Creating an off-chain token sounds interesting too. That does sound like a very useful possibility indeed. There's also Solana, which is another rapidly growing chain. 😁 🙏 💚 ✨ 🤙

!BBH
!INDEED
!WEIRD

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Thank for your feedback and input. Solana is a possibility, while tokens from Polymatic chain and BNB (Smart Binance chain) may be listed on Hive Engine possibly making for better choices. Although Solana has MOAR meme activity, hence trading volumes, and level of interest. !LUV !SLOTH

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Absolutely, you're most welcome! That's true, though Solana is now also represented on Hive Engine with SWAP.SOL. Yes, Solana has a lot of activity, in both memes and many other things. I've been exploring Solana a bit lately. 😁 🙏 💚 ✨ 🤙

!ALIVE
!LUV

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Did recently notice Solana's presence in the form of SWAP.SOL. !BBH !INDEED !WEIRD 🙏 💚 ✨

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Yep, I only noticed it recently. I wish we had SWAP versions of all the important blockchains. 😁 🙏 💚 ✨ 🤙

!ALIVE
!BBH
!INDEED

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@tydynrain just sent you a DIY token as a little appreciation for your post dear @pepetoken! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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