Continuing the discussion from [GIP-13] Expansion of GoodDollar protocol on Celo blockchain:
Hey @Noak
That’s a valid point, though the term “healthier level” needs to be economically defined, so we have some kind of agreed target and not just subjective views.
One of the ideas that came up was to do a “a public UBI token sale” at a fixed price (lets say X% above market price) open to the public where Celo will also participate. So everyone can get it at a fair price.
At the end of the sale the reserve ratio would be updated to match the new price, DAI reserve and G$ supply. The more G$s are sold at that fixed price that more we’ll be able to increase the RR.
See launch.primedao.xyz for a possible token sale platform