So this bonds system looks like an interesting development in the crypto space. When released (sometime before the 1st) you can buy a bond for 100 EXP and earn 1% interest per month. Seems as if its functioning as a simulated proof of stake, as you are 'staking' your coins in a smart contract, and the interest is being paid out from the 10 million in reserve.
I am curious about this. What could be the reason for people not to covert their EXP into bonds? That way they would earn interest on their holdings as well as benefit from price movements in EXP. Aren't the bonds freely transferable?
yeah they will be transferable, so a secondary bonds market will be made by effect
