In general, as you've likely surmised, demand needs to rise over time for the project to succeed.
In the long-run, our aim is to have that demand come from economic activity -- meaning people using GLO for all the things they normally use cash or a credit card for.
In the beginning, We expect philanthropists and altruists to drive demand. If demand falls, we also have a USD reserve with which we trade with our own coin to support the value. We discuss this more in the trading section of our white paper [0].
In the long-run, our aim is to have that demand come from economic activity -- meaning people using GLO for all the things they normally use cash or a credit card for.
In the beginning, We expect philanthropists and altruists to drive demand. If demand falls, we also have a USD reserve with which we trade with our own coin to support the value. We discuss this more in the trading section of our white paper [0].
Happy to discuss further if you have questions!
[0] https://docs.google.com/document/d/1E09fdrvBr_TgsUqODq-MROfo...