In order to avoid eth gas fees I got the binance smart chain on my metamask wallet...send BUSD over to Changenow. io
And converted it into HEX. The HEX was then sent over to the ETH network of said metamask wallet.
Will these HEX be recognized during the snapshot if the Hard Eth Fork?
I don't see why not...just making sure if anyone has some insight.
That's what I thought. Thanks! Will erc20 stable coins be copied as well? USDT and such? Bc if so, has anyone thought of what that would.do to the liquidity of them? I mean would they only be worth .50c 🤣
yes, however the redeemable value of forked stable coins is unknown. They may be invalidated by companies who control them. Liquidity plays have been considered
HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.
Forked stablecoins cease to be redeemable, but they retain their liquidiity providing utility. Therefore, they will inevitably retain some value.
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