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RE: Steem Engine Update- New Dex, P2P, and NFTs (December should be a very busy month)
When you say you will no longer sell ENG for 1 STEEM, do you mean that only the inflation will determine the price (supply and demand)? Im assuming you are going to "un-peg" it from the 1 STEEM price and allow the price to find its own equilibrium. I noticed that many of the ENG on the market has been selling at 0.75-0.8 STEEM each, is this from the ENG miner supply hitting the market?
Some months back, @aggroed had hinted to hoard ENG as NFTs were coming soon. Now all the advantage for NFT issuance is being given to tribe tokens instead. Only 100 ENG per token will be burned while there will be an inflation of 500K p.a.! I guess ENG prices are doomed to fall now.