The stable-coin-like nature of "treasury based" assets...
I have written elsewhere about my policy of only tokenising half of the coins I actually have, so that I can commit to cold-storage those the tokens represent while still having enough left to buy back all the tokens without needing to dig into the cold storage to do so.
"Treasury based" assets allow much the same thing to be done.
In the case where the assets in the "treasury" are themselves already tokens that represent coins I actually have twice as many of as I issued tokens to represent that is a double solidity that should really help the long term stability of #Galactic-Milieu assets as well as two layers of tying up assets to keep them from "hitting the markets".
Imagine firing up a Corp in the game. Lets say you have 20,000 somethings in a slush fund. On firing up your Corp lets say you put half of those somethings into the "treasury", and lets further assume you fire it up as a "standard" Corp of one million shares.
You can put the shares in the slush fund along with the remaining 10,000 somethings not frozen into the "treasury".
Your slush fund would now hold one million shares worth 1/100th of a something each (calculated value calculated from the "treasury") and enough somethings to buy them all at that calculated price.
Notice that the Corp actually has a lot more "stuff" than just the "stuff" that is in the official "treasury"; including a number of shares whose value adds up to that whole treasury's value.
Now if we suppose that the "somethings" in question were, for example, IXCoin tokens, sellable one for one for actual on their own blockchain IXCoins, and bear in mind that for each of those tokens I actually have two real on their own blockchain IXCoins, one per token to buy the tokens back and one per token kind of sort of in a kind of "treasury" consisting of the fact that I could perfectly well super-freeze them, like maybe divide up keys into seven parts distributed to seven banks on seven continents, requiring weeks or months of travel and paperwork and such to ever get them back out of storage; it should be clear that those IXCoin tokens are a pretty well set up game-asset that ought to really help the game's "stuff" to retain some kind of stability in at least its relative values.
Of course there is no accounting for the vagaries of markets, especially "spot markets".
But I do consider it telling that when Facebook started talking a few years back about issuing a currency of its own it proposed something that sounds a lot like what the #Galactic-Milieu does by means of its "treasuries" for its "treasury based" assets, which is a "basket" of assets whose total value could "back" their currency.
The #Galactic-Milieu way is designed to help "tie up" ever-growing quantities of assets so as to leave less and less "in the wild" where they potentially could end up being "dumped" onto markets to depress prices.
As I write, we have been for some time in the process of "colonising" the Stellar (XLM) blockchain / platform, and have learned in the process that it would probably be wise before "colonising" yet another platform (DMDv4 is in our sights...) to make sure we have a pretty darn huge amount of the platform's native coin.
We have learned that by finding we simply do not yet have anywhere near enough Stellar Lumens on hand to build up the buy-sides (the XLM sides of our trading-pairs) anywhere near as high as they ought to be, at least if we assume that the calculated values based on the "treasuries" are the target values of where the prices on the Stellar DEX markets ought to be.
It is in fact looking likely that in the long term (though not sure how long that is going to take) we will not only be nicely "tying up" lots and lots and lots of #Galactic-Milieu assets to keep them off the markets but also ultimately "tying up" vast numbers of Stellar Lumens to build our buy-sides, unless of course Stellar Lumens increase quite a bit in value. :)
This is of course also stuff to think about in considering whether it would make sense to "colonise" the HIVE, or I suppose rather the HIVE ENGINE, blockchain.
In case you are interested, we have histories going back to 2012 of the asset values, online at https://galaxies.mygamesonline.org/digitalisassets.html
Also, info about assets on the Stellar platform is at https://MakeMoney.Knotwork.com/stellar/ and those on the HORIZON platform at https://MakeMoney.Knotwork.com/horizon/assets/
-MarkM-