Card image cap

I'm eagerly waiting for YEM to give out physical money that can touched and felt
added by Anonymous 7 days ago 0    0

Nous sommes vraiment enthousiastes quant au potentiel d'échange des jetons DBV en monnaie locale, car cela représente une avancée significative vers une utilisation et une accessibilité concrètes.
Cependant, nous devons également considérer l'aspect pratique d'une telle conversion. Est-ce aussi simple qu'il y paraît ? Pour qu'une plateforme d'échange à grande échelle soit viable, un volume de liquidités important, probablement de plusieurs millions de dollars, est nécessaire.
Jusqu'à présent, aucune annonce officielle n'a été faite concernant le solde total du pool de liquidités ni la manière dont le système prendra en charge des transactions aussi importantes. Sans ces informations cruciales, il est difficile d'évaluer la fluidité et la fiabilité de ce processus de conversion.
added by Anonymous 12 days ago 0    0

Converting to local currency may not be an issue but we need to encourage usability of DBV in our own jurisdictions.
added by Anonymous 15 days ago 1    0

Like a currency its responsible for buying goods and services period.
added by Anonymous 16 days ago 2    0

DBV's ability to convert local currency is a topic of discussion among users, with some believing it can facilitate conversions and others expressing concerns about liquidity and market demand.
Some users question whether sufficient liquidity will be available for large-scale conversions, citing potential limitations in use.
DBV's value is tied to market demand.
added by Anonymous 18 days ago 2    0

DBV just links you to the cash which is convertible to local currency.
added by Anonymous 19 days ago 2    0

The liquidity will be there and in plenty. However there will be some early limitations in use designed not to flood the market. Time will tell.
added by Anonymous 20 days ago 2    0

Take time to learn the other side of crypto and see all the dynamics involved in the exchanging of different currencies
added by Anonymous 21 days ago 4    0

What I know is that the system has been prepared and therefore there must be liquidity and definitely it will work as designed.
added by Anonymous 21 days ago 4    0

Can really DBV convert local currency?
71
5

We are truly excited about the potential to exchange DBV tokens into local currency, as it represents a significant step toward real-world utility and accessibility.

However, we must also consider the practical side of such a conversion. Is it really as simple as it sounds? For any large-scale exchange to be sustainable, a substantial amount of liquidity—likely in the millions of dollars—is required.

So far, there has been no official announcement disclosing the total liquidity pool balance or how the system will support such high-volume transactions. Without this critical information, it's difficult to assess whether this conversion process can be carried out smoothly and reliably.

How do you vote?

Card image cap

This feature is completely overrated. It was simply a response to member demand. That doesn't mean that sufficient liquidity will be created.

No matter where, there must always be demand for a coin, and YEM has significantly better prospects than DBV. DBV can be used in the Digital Loyalty Network (DLN). The bridge is merely an additional option because many people have requested it, in the false hope of finally getting rich with it. But that's a fallacy. Excuse me, but the truth always hurts.

Nevertheless, this feature represents a welcome expansion of the YEM economy. However, it is only advisable to send DBV to the other networks (conversion to DB, DBE, and DBB) if you have enough YEM to burn. Then it won't hurt so much if you only receive millicents (if that) for one YEM. I'm sure the swap function won't be available on exchanges due to a lack of liquidity.

We'll see. All the best to everyone!
added by Anonymous 21 days ago 5    0