It's quite easy (though not cheap) to create #HiveEngine liquidity pools. π€ Moreover, it usually won't be enough to create just one liquidity pair for each of your and @borniet's Hive token tipping projects. π€π€―π
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Yep, I got that...lol! It would require a lot of BEE for multiple pools, so presently it's just an idea, though a potentially useful one for future development. π π π β¨ π€
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You might also create token pairs directly between each of your tipping project tokens (such as IDD:WRD, WRD:HOP, HOP:STR, STR:BRN, BRN:IDD, and so on) which will cost you a whopping amount of BEE tokens! π€£π
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You said it, and on both counts. While doing so would be useful, it would cost a huge amount of BEE. Also, if we decide to add rewards to such pools, things would be quite expensive indeed. π π π β¨ π€
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I don't think that adding rewards to your upcoming liquidity pools would be necessary, as having liquidity pairs themselves for your tokens should be enough. π€π€
Maybe use a central token for your token tipping projects (with a name such as "MMB"). π
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I appreciate that perspective, thank you. I guess I was just mentioning rewards because those are usually what attract me to a pool.
Yes, I thought of that idea when considering the creation of diesel/liquidity pools for our tokens. We actually already have the !MMB token created, and the tipping not functional, but we have a lot more to implement with it before we share it with the community. π π π β¨ π€
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Every token liquidity pair gives all its liquidity providers with a share of the 0.25% fee taken from every trade proportional to the percentage of the liquidity provided by each Hive user. π€
You have an option to make the MMB token the "center" of all your and @borniet's token tipping projects, such that the MMB's price would be the average or median (or something else) of all your other #HiveEngine tokens' prices, thus potentially helping in the stability of prices. π
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Yes, that's a good point. The only thing with that, however, is that you don't actually see any profit until you remove your assets from the pool.
Now that is quite a good idea indeed, making MMB the central liquidity token for all of our other tokens. MMB will be both pegged to, and backed by BTC (as SWAP.BTC), so it would have good value itself. I like this idea indeed! Thank you for the suggestion! π π π β¨ π€
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@savvytester! @tydynrain Wants to spread Hope! so I just sent 1 HOP to your account on behalf of @tydynrain.
Since we think the world can use more Hope, you can now already start spreading Hope yourself!
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!DIYSTATS(19/100)
@savvytester! @tydynrain Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @tydynrain.
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