Awesome information with pHBD backing to HBD and then the dollar. The backlinks proves the authenticity of our stable coin. Hope to see more liquidity pump in and target of 5m reached soon
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When it reaches $1M, we may even see some amazingly beautiful things happen. Most importantly, we will be able to see wealthy Whales come to the Hive. I also believe that participation will accelerate even more.
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The reason to keep pushing the pool deeper is so larger amounts can be traded without major slippage.
Hence if we are going to move $150K, the pool isnt deep enough. Might need to have $3 million for that.
So right now I guess someone could move a few thousand without worry of slippage.
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This is what I mean in general. Things will get easier as the pool gets deeper. Wealthy investors who see this depth and potential will see more to come. That's why exceeding $1M is so important.
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Yes with a million then you might be able to do up to $50K without too much of an issue. Could have to do that in two transactions but it wouldnt be too bad.
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Convenience is always important in the crypto market. If you offer investors the convenience of selling, that doesn't mean they will sell. People who know that they can easily sell in the future make more buying. We are talking about a stablecoin. It is very important to pave the way for stablecoins to be bought and sold much more easily. It should say better to hold HBD until investors hold cash.
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It is vital to be able to handle all types of buyers and sellers. That is not the case right now but what is being worked on.
Do not want people to turn away because of a lack of liquidity.
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That's why liquidity is very important. It's a nice forward-looking solution.
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This isnt accurate.
It is actually HIVE backing HBD which backs pHBD. We have HBD backed by $1 worth of HIVE*; not by $1.
No USD involved.
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