Thanks for this excellent article, Florian. I've been watching KLIMA as I really like the idea and I want this project to succeed. The anonymity of the folks behind it gives me great pause but I love the concept. It's been dropping like a stone and I can't understand why. But something you raised in your article sparked this question - is there a point to which KLIMA could fall where it would be equal in value to a BCT and would this price constitute a 'floor' for the token? Would that be an optimal buy point?
Good question, Jeff. The absolute floor at which the price of 1 KLIMA is equivalent to the number of BCT the treasury has backing every KLIMA is currently around $200.
Thanks for this excellent article, Florian. I've been watching KLIMA as I really like the idea and I want this project to succeed. The anonymity of the folks behind it gives me great pause but I love the concept. It's been dropping like a stone and I can't understand why. But something you raised in your article sparked this question - is there a point to which KLIMA could fall where it would be equal in value to a BCT and would this price constitute a 'floor' for the token? Would that be an optimal buy point?
Good question, Jeff. The absolute floor at which the price of 1 KLIMA is equivalent to the number of BCT the treasury has backing every KLIMA is currently around $200.
Best check out the stats here: https://dune.xyz/Cujowolf/Klima-DAO .
If the price gets that low you would be buying risk free as the assets in the treasury reflect the price of the token.
(not investment advice)