Yes, probably so, in time. The swap fee is so low that for the tokens that have pairs, like DRIP, I almost always receive more tokens doing it that way than buying them from the market. 😁 🙏 💚 ✨ 🤙
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Do you mean that your liquidity in the SWAP.HIVE:DRIP token pair already provides you with more DRIP (and SWAP.HIVE) tokens than what you can buy from the #HiveEngine market (because many people on Hive take advantage of its low swap fee so they trade it often)? 🤔🤯😅
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No, my liquidity in the SWAP.HIVE:DRIP pool is still very small, but I use the SWAP feature on BeeSwap to check the daily price against the market price, and then I buy more DRIP (with the SWAP.HIVE from the daily payout for my staked DRIP on @tydyn.rain) with the lowest price. Even with the fee, I almost always get more DRIP for the same amount of SWAP.HIVE by swapping than by buying directly from the market. 😁🙏💚✨🤙
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That means more people on Hive who !love trading and investing on #HiveEngine tokens should use #BeeSwap more, so that they can often get lower prices when buying (and higher prices when selling) tokens! 🤔🤓😏
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Yes, indeed, it's super useful for that purpose! Of course the tokens being bought or sold in that way need to be in a diesel/liquidity pool, but for those that are, it's indispensable! 😁 🙏 💚 ✨ 🤙
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Someone creating a token pair liquidity pool (also known as "diesel pool") will cost 1,000 BEE which costs more than $134 right now on the #HiveEngine market, so anybody creating such pair should be serious in making the pool grow in value, unlike simply creating a Hive Engine token which costs just 100 BEE and can already be traded with SWAP.HIVE. 🤔💸🤯🤓
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Yep, it's pretty pricey for sure. Yes, of course, that seems like the only useful direction to take, or why even create a pool? 😁🙏💚✨🤙
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Someone who plans on creating a liquidity pool for a token pair should generally include on their plan to recoup their 1,000 BEE on some period of time, which now costs more than $140 on the #HiveEngine market (which was just about $134 yesterday, probably because of the recent surge in the price of the HIVE token). 🤔🤓😏
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