HIP 51 exchange rate.

[norrillous]

As I understand HIP 51 IOT Token and Mobile Token are backed by HNT Token. My question is what would the exchange rate be? 1:1? 2:1?

Also how is that exchange rate managed.

Lastly will you exchange it in the app?

[Crisatian]

Dupa ce loveste Hip51. Petru a mina IoT trebuie alt hospot sau hospotul pe care al am va ancepe sa mineze IoT din august sau nu? Sau va mina HNT 0,002 pe zi ancontinoare?!

[abhay]

Not exactly the place to ask questions. the original issue is probably best #336

As I understand HIP 51 IOT Token and Mobile Token are backed by HNT Token. My question is what would the exchange rate be? 1:1? 2:1?

Also how is that exchange rate managed.

This is defined by the subdao HIPs

Lastly will you exchange it in the app?

This is a goal, yes. redemption is on chain and should be supported in the app. Closing this issue and redirecting any further updates to #336