Reddit Posts
Mentions
Seinorage tokens are pretty scary to invest in IMO. If the stable loses peg, then the share price will dump into oblivion and it all happens quick. ​ This time last year, me and a few friends were making 1-2% A DAY, off BTS/SBDO/MSS/MDO. Within the span of a week, every single stable coin that was connected to these protocols gradually started losing peg. Now Im not 1000% sure how Luna works, but with these other protocols, when the stable falls below peg, bonds are issued for purchase, and can be redeemed when the price of the stable coin returns to above $1.03. ​ ​ People bought millions and millions of dollars worth of bonds, and they are still holding them, they cannot be redeemed at all, they are dust in these peoples wallets. None of these protocols have returned to peg, not a single one.
Does this mean bDollar (SBDO) will recover?? 🤔
Anyone that was invested in algo stables on BSC are in a HUGE loss. SBDO- 8k to 34 dollars MDS- 27k to 33 dollars BTS- 1k to 5 dollars MSS (Rugpull) - 1.8k to 2 dollars
SBDO (bDollar) 😭 Not selling though! When it comes to crypto, you just never know what will happen.