Hedera Hashgraph intend to prevent further depreciation of the HBAR token
For two weeks of trading, the price of the own token of the Hedera Hashgraph project HBAR dropped from $ 0.36 to the current $ 0.036. Project CEO Mans Harmon promises to revise the economic model of the token and admits the possibility of changing the order of its distribution.
“We are delighted with the technical performance of our platform,” the developers said. “We also think there is an opportunity to improve the model of the Hedera coin.”.
The project is collaborating with Harvard economist and consulting firm Prysm Group on a challenge, trying to find “the right incentives to get developers to work on their network.”.
According to the latest proposal, the distribution structure of tokens in favor of SAFT contract holders can be changed from monthly to quarterly. If approved, the next distribution of tokens will take place on December 22nd, not October 22nd, as previously assumed. The solution will require a new agreement between Hedera and “the people who own the majority of the tokens purchased during the SAFT series.”.
“Although we are very pleased with the amount of activity during the launch phase of our network, it may be premature to issue coins from SAFT 1 and SAFT 2 until we receive the results of the Prysm Group analysis,” the developers say..
Former head of blockchain fintech company Cinnober, Eric Wall, noted that Hedera raised money when most altcoins were on a wave of speculative boom. Having assembled a governing board from well-known companies, including IBM, Boeing, Deutsche Telekom, Tata and Nomura, the developers have not yet had time to show their token in their respective business processes, he added..
“As new HBARs are released, selling pressure will increase. For the price to be able to contain it, something has to attract investors and speculators to the market, as the supply shocks the system, ”Wall says..
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