Part of Wing platform profits could be converted into precious metals (gold, silver, platinum) and these holdings used to back the value of Wing. This would make Wing unique in defi, increase its value over time as precious metal holdings rise, give price stability, tie Wing value to real world assets and give the project a sense of permanence into the future. Wing backed by precious metals would appeal to more types and larger investors as well.
Points for discussion:
- What composition of precious metals should be purchased (ie 33.3% gold, silver and platinum)?
- Who should Wing partner with to audit, secure and manage Wing precious metals (ie Brinks)?
- What percentage of monthly platform profits should be used to purchase precious metals?
- Should we cease the current Wing buy back and burn initiative, to leave the Wing supply at ~5.5 million Wing and instead use buy back profits to purchase precious metals to increase Wing value?