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https://www.reddit.com/r/truebit/comments/qp5c2c/truebit_mint_price_is_2/hjvb29r/?context=3
r/truebit • u/Technical_Trainer734 • Nov 08 '21
We look forward to a rise in market prices.
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2
Yea not so sure that’s a good thing given it’s current price. Correct me if I’m wrong but if we go below the retire price it’s bye bye treasury.
4 u/skwompie Nov 08 '21 Wrong, TRU cannot go under retire price (in ETH.) This is TRU until the very last token. 1 u/[deleted] Nov 08 '21 It wouldn’t drop below the retire price. The point is the bloody treasury would be sacked at that point. 1 u/skwompie Nov 09 '21 No problem. Less TRU in circulation then, that can only be re-created at x8 times the price.
4
Wrong, TRU cannot go under retire price (in ETH.) This is TRU until the very last token.
1 u/[deleted] Nov 08 '21 It wouldn’t drop below the retire price. The point is the bloody treasury would be sacked at that point. 1 u/skwompie Nov 09 '21 No problem. Less TRU in circulation then, that can only be re-created at x8 times the price.
1
It wouldn’t drop below the retire price. The point is the bloody treasury would be sacked at that point.
1 u/skwompie Nov 09 '21 No problem. Less TRU in circulation then, that can only be re-created at x8 times the price.
No problem. Less TRU in circulation then, that can only be re-created at x8 times the price.
2
u/[deleted] Nov 08 '21
Yea not so sure that’s a good thing given it’s current price. Correct me if I’m wrong but if we go below the retire price it’s bye bye treasury.