hyp3rorbitMember
Posts: 79 · Reputation: 247
#1Jul 1, 2022, 09:12 PM
Some players in the Galactic Milieu have been brainstorming about whether we should think about creating an "auxiliary" treasury in addition to the existing "official treasury". This official treasury is where the game calculates the "computed value" of each asset unit by simply dividing the total treasury value by the number of units minted.
The thought here is that only having one treasury alongside all these extra funds means that usually just a portion of an asset's total value reflects in the official treasury. It’s kind of not cutting it when we consider the struggles over the last ten years to establish proper value for these assets on spot markets.
Everyone knows that spot markets can be ridiculously "inefficient", especially when there's not a lot of trading going on, making it tough to figure out the real value by looking at prices.
It’s also a challenge for the Milieu to truly gauge the actual depth of all known spot markets to figure out an "auxiliary treasury" value, just as tricky as pulling value per unit from these markets. Plus, I’ve noticed that aggregator sites like CoinMarketCap and CoinGecko don’t really help us out with this, and they seem to ignore a lot of the spot markets where we can actually "list" our assets.
This leads to the idea that when a civilization or Corp first rolls out a treasury-based asset, maybe they should split their holdings into three categories instead of just two.