market will currently cost at least 405 SWAP.HIVE or $122. 💸 Alternatively, selling 2,025 WINEX right now will give you only at most 182 SWAP.HIVE or just $54. 📉 That's a huge spread between the buying and selling prices of the token! 😅Buying 2,025 WINEX on the #HiveEngine
Staking them will allow you to tip and get rewarded back (by the WINEX bot itself) a total of 3.4 WINEX per day (assuming you successfully tip WINEX 5 times a day), where you will get rewarded back the same amount after 596 days (or about 1.64 years). 😆🤓
How comes that buying and selling is not more or less at the same rate? !LUV !WEED
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! help(no space) to get help on Hive. InfoWINEX) are by determined their buyers and sellers. 🤓 In this case, there isn't much trading happening with the WINEX token. 😅 !LUV !WEEDThe buy and sell prices of most #HiveEngine tokens (such as
But isn't there any orientation on how much a token is worth? So buying and selling would be around that price? Or do I see this wrong? !LUV !HUG
@svanbo, sorry!
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The price of most #HiveEngine tokens (such as WINEX) aren't pegged to a specific currency. 🤓
A few examples of Hive Engine tokens whose issuers attempt to peg to a specific value of another currency are CENT (which is pegged to $0.01 each but hasn't been successful so far at only $0.0014 per token) and BBH (which is pegged to 0.00000001 BTC or 1 satoshi which appears to be successful so far at $0.00034 on Hive Engine which is practically the same as its price on centralized exchanges). 😏
Oh I thought WINEX was pegged... MAybe it's time to look into selling some when the price is high.... !LUV !HUG
If WINEX is to be pegged to another currency, I wonder which it would be. 🤔
None of any of fiat currency or cryptocurrency comes to mind. 🤯😅
Why can it not be pegged to the Dollar? !BEER
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