Most of you know Polycat's $FISH, at current rates, is estimated that will reach max. supply (3 million Tokens) by August 2021.
This is what the project says will happen at that time:
"The focus will progressively shift to our Vaults
- FISH will become a Governance Token for polycat.finance, meaning holders will be able to vote on platform changes using their FISH.
- It will still be used in Fish Tanks (Stake FISH -> Earn other tokens).
- The earnings currently used to automatically buyback and burn FISH will instead be redistributed to our users (probably in USDC) in different ways. We'll give more details when the time comes.
- Other things we cannot talk about yet (believe us, we wish we could tell you everything right away)."
What you may not know is if you go to their telegram and put #secretroadmap in the chat you get this:
Speculation - So if Polycat launches a stable coin with $FISH as the governance token - it would be a game changer.
It's never happened before, using a preexisting coin to bring attention to and stabilize a new stable coin.
$FISH as preexisting coin, with a current market cap of $25M, provide pivitol stablity in the early weeks of the project that other stable coins (like PUSD, PYQ) struggle to ever achieve.
It fills the VOID that Iron Finance created and could kick off another bull run for the Polygon network as a whole.
At this point its anyone's guess at what will happen when $FISH hits max supply. What do you all think will happen?