So we all know that HBAR is the only real option if India actually does create their own state crypocurrency. But I'm brainstorming how a currency is actually tokenized...
Let's say there's 50 billion HBAR and 500 billion Indian crypto-rupees. Is it a 1:1 bonding thing, where 1 HBAR is locked up to follow 1 rupee? Or can 0.1 HBAR tokenize 1 "full" rupee? And are those HBARS then really "locked up" and owned by India, or how would that work?
Or is that an irrelevant question because India would just create their own version of Hashgraph to essentially compete with it?
But if India does somehow use HBAR, can anyone think of a more moonshot news story?