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RE: XV Tokens, What Exactly Are They?
Ohhh so it depends on how many people invest on it? but what will happen if market go down, do store XV will also get affected?
0E-8 BEE
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Ohhh so it depends on how many people invest on it? but what will happen if market go down, do store XV will also get affected?
Yes. It's dependent on the prices of the 15 tokens in the basket (BTC etc). So let's say after May 10th, 2023 the total XV tokens sold amount to 50k HIVE. SPInvest will convert those HIVE and buy 15 different cryptos (BTC, ADA, ETH etc).
Then on 2025, they will sell all those cryptos and buy HIVE.
Example: the 50k worth became 500k in 2025, they will use that 500k to buy HIVE and use it to buy back all XV tokens from the holders.
My reply earlier seems erroneous so I'm editing it😅