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RE: Hive Supply On Exchanges | Deposits, Withdrawals By Date, Top Accounts | May 2023

in LeoFinance2 years ago

Do you think it's worth trying to get HIVE on more exchanges to counter the amount on HIVE on UpBit and increase visibility of HIVE?

Or maybe just try to get it back on Huobi and/or Bittrex.

I feel like a lot of folks use centralized exchanges because of ease of use and perhaps lack of technical knowledge.

Maybe this plus developing more decentralized methods of exchanging HIVE.

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At this point I think DEXs, like Uniswap, and some kind of bridge with Bitcoin are the way to go.

Uniswap is now the second exchange by trading volume in the world, just after Binance. We just need to setup the tech to create decentralized wrapped hive token on Ethereum, and if needed even provide liquidity providers incetives trought the DHF.

We already have BHIVE on BNB Chain and PHIVE on Polygon. Unfortunately, there's no liquidity yet.

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Yes, but those are done by the LEO team in centralized manner. We need a multisig like custodians elected from the community who will operate the bridge in order to have something like a support from the DHF for LP incetives.