As I've been planning my token, I've been considering backing it. Most projects back theirs with HP and other Hive-Engine tokens or crypto on other chains. I was thinking of backing it with silver.
While I don't think many people would be interested in their tokens for silver due to the shipping cost, I could see it being a way to fund buybacks or implement other project ideas. The question will be whether or not people think it'd be worthwhile to do this and use funds sold from tribal tokens to slowly build up a fund.
It'd likely grow slowly, but as the project's H-E token stakes grow, the income from tokens earned through curation will also grow. As an alternative, instead of holding silver the project could just sell off these H-E tokens and keep the liquid HIVE for other things like raffles, shares, HSBI shares or do occasional buybacks.
I'm looking for feedback here, so please let me know what you think in the comments.
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https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO


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