bHIVE - 1st User In Nearly A Week
I'm surprised on how little usage of bHive there is. I was the first user of it in nearly a week, which is shocking. I decided that I wanted to trade some of my bUSD to Hive because over here we are Hive fans. I didn't have much bUSD, just $10 worth. Practically nothing. I tried to convert it over.
I went over to cubdefi to swap it as I was most comfortable with it and ended up here: https://exchange.cubdefi.com/#/swap. Then I added contract address, which is 0x347f041189fb4f005999db07a009d2ff63646c4a. And then I was ready to convert it. I tried to convert all 10 of my bUSD to bHIVE. And guess what? I COULDN'T.
Look at that price impact. It's pretty much because there aren't a lot of people in the pool. I did manage to exchange some of my cubs into bHive(I know I'm evil for selling CUBs but Hive was cheap with that conversion). I got a small discount on it and I was happy(if you try to buy 1 bUSD worth of bHIVE you just have to pay like 40 cents right now, fees kill its value though).
Sadly fbslo isn't able to work on the decentralized version of this, so we are reliant on the centralized version. I'm sure if there was a decentralized option to wrap it, more people would take it. Still its nice to know that there is an option out there(even though it relies on us trusting a single entity) and if the prices are cheap enough on BSC from time to time, I might buy more and more slowly. Its pretty cheap compared to ETH and it was painless.
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I think it is still a good time to buy hive if it is your clear objective, a few days ago the price was higher than it is today
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I want to buy a drone before my birthday, but after that its back to accumulation I go.
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I sure hope someone takes the torch and keeps moving with the bHive project that would be cool to have hive available for all those DEXs on Binance Smart Chain.
This is completely off the top of my head and not vetted in any way... but...
If a pegged coin we all trusted did get made and we made a liquidity pool I'm guessing someone could probably create a bot that rewarded people for adding liqudity. Take $200/day from the HDF perhaps and have those hive users sign a metamask transaction to prove a connection then basically send out rewards each day via hive wallet transactions. That would get us to 1 million liquidity and a 7.3% apr from the incentive + any fee revenue apr that happens because of volume.
I do hope someone decides to take up the mantle and do it. If not, maybe I can try learning solidity this summer 🤓