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RE: Etherparty Analysis Part 1: The Basics
Great work! I like the idea of pegging the cost to a USD value. If it were pegged in FUEL, the cost of the service would fluctuate as the value of the currency fluctuates. People would be less willing to use the service when the value is high, creating an incentive with a negative effect on the value. Does this make sense?
It makes sense but why even bother with the FUEL token? Seems like this application could do fine without it.
Are you suggesting that they should just except payment in already existing cryptos and fiat? The benefits of offering a token include raising funds, establishing value and building an identifiable community of support. People are more likely to spread the word about a specific project if they can gain from the increase in support and value. A token is a good marketing tool too. What do you think?