Bitcoin, Ethereum, and USDT listed and ranked numbers one, two, and three on coinmarketcap. Seeing that we also have these on Hive it shows that people swap and provide liquidity in these coins. Because of such people would most likely do so with $PEPE from Ethereum as well.
Now let's look where $PEPE stands. Now at #22 right behind Litecoin (LTC) and Polygon (MATIC). Both of which are also listed on Hive Engine. Next to look at how the volumes of these coins and others are doing on Hive Engine. There is certainly potential for $PEPE to do some comparable volumes. With the opportunities of offering various pools with $PEPE and liquidity pools.
With an eventual pool of $PEPE and $PEPE from ethereum and Hive. Earning $PEPE from posting and curation rewards could then be swapped for SWAP.PEPE ($PEPE.ETH) and vice versa. Potentially getting Pepe fans, enthusiasts, users to swap their $PEPE from Ethereum to $PEPE on Hive that could then be staked and earn curation actions such as upvoting memes on Meme Hive.
Bitcoin (BTC, Tether (USDT), Litecoin (LTC), BNB, and Ethereum (ETH) each have over $1,000 Volume and $PEPE would likely reach this level as well over time. With Market Caps between $100,000 and $800,00 this shows a great possibility of a fair amount of $PEPE being transferred from the Ethereum blockchain to Hive as SWAP.PEPE.
With well over a million in overall liquidity such users will support this meme coin now being a top coins. Have noticed many users on HIVE that are holding some amount of $PEPE as well. They may certainly like the lower fees on Hive and being able to add it to a liquidity pool.
We see a steady amount of liquidity of over $2 million recently looking at overall liquidity on Tribal Dex. With around $200,000 daily volume the past few weeks in the chart on the right.
With a look at a couple of the Bitcoin (BTC) liquidity pools we see liquidities around $100,000 in each of these pools. With $Millions and $Thouands ($1,000's) earned in fees.
Think the swap and liquidity pools make for a good value proposition. Just a matter of covering initial costs. Then matter of finding the pools to get them started. With the lower price of Hive recently this can be moar affordable. For example a thousand dollars ($1,000) could provide the listing and start and fund a few pools.
The pools would first be $PEPE and $HIVE, and $SWAP.PEPE and $SWAP.ETH of course, and maybe $SWAP.PEPE and $SWAP.BTC could be next, and/or PEPE and $SWAP.PEPE. A swap pool of $SWAP.PEPE and $SWAP.MATIC may be attractive with the lower gas cost of MATIC and still being on the Ethereum blockchain.
If there is such overall interest larger amount of $PEPE tokens may be offered to raise $HIVE to cover the initial fees to get the listing and create and fund a pool and maybe moar depending on over all interest and support.
This would result of an offering of 100 to 150 Million $PEPE in the range of 0.00003500 to 0.00004500 HIVE (or higher) offered at around market level prices. While also offering periods for the price to adjust to market so as to not cause a price "ceiling". Unless of course such is agreed to. The price in Hive moves and stabilizes priced with HBD with the PEPE:HBD. Such to allow some price movement in and between values in HIVE and HBD.
Otherwise we are currently in talks to make plans with at least listing $PEPE from Ethereum as SWAP.PEPE and then will proceed with the pools and added liquidity.
Please comment below.
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Interesting idea. I would like to throw me $PEPE into a liquidity pool.
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Right.. ..think many would. So now to find a way to pay the fees for the pool so we can go swimming. !DOOK
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Yeah, let's go!
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I am interested in discussing this.
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Would $PEPE and SWAP.PEPE be exchangeable 1:1 ?
Think they have different values. !DOOK
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Maybe.. $PEPE is valued a little lower, but likely only a small volume worth. The higher range is close to 1:1 so this could be a yes. However once pooled, or even not they may behave a little different with different market demands. However such a starting peg could prove interesting from market dynamics. Both have different advantages that would play out at times. So this could be very interesting! Could be up to offer something like a claim swap as 1:1 maybe. We can all review together, and I can give me final answer when needed.
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I have no comment other than do whatever it takes to make hive $pepe friends millionaires like the other chain pepe investors.
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Hello @pepetoken. Welcome to Hive's version of the Shark Tank reality TV show.
Fascinating pitch. I think we should run a test first before getting the rest of Hive involved. This is my offer:
This weekend @memehive can spend 1000 BEE to set up a MEME:PEPE pool and another 100 BEE to create a distribution contract for the MEME:PEPE pool. Let's say for 500 days to start.
Currently the asking price for MEME is 0.000261, round that down to 0.00025. The asking Price of PEPE is currently 0.000034, round that down to 0.00003. That's a ratio of 8.3333, round that down to 8. So roughly 8 PEPE for a MEME.
@memehive is willing to fund the first PEPE pool and deposit 250,000 MEME into the pool for liquidity provider rewards if @pepetoken agrees to also deposit 2,000,000 PEPE for LP rewards to the pool.
That's my offer. Do you accept or hope to get a better offer from one of the other judges?😁
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Mi hope to get a better deal from one ob da judges.
This sounds great! Let's do eet!
Also offer to match half of the 1100 BEE, of 550 BEE, with PEPE tokens, that be all, or half, if wanting to power up half to vote for memes with PEPE Power for example, so as to use half, or all, or as you see fit, to start funding the pool with MEME and PEPE.
Swap pools values: 1 BEE = 0.09440861 SWAP.HBD, and 1 PEPE = 0.00000733 SWAP.HBD
1 BEE = 12879.7557981 PEPE, offering delivery ob 7,083,865.68895 PEPE rounded to seven Milly PEPE after creation ob da virtual swimming pool. Will get sum MEME from market and fund pool as well.
Let mi know if you accept seven Milly PEPE in addition to your meme-tastik obber.
O.K. That sounds good. You'll donate 7,000,000 PEPE, approximately half of the equivalent cost to set up MEME:PEPE and a distribution contract, after the pool goes live. You'll also deposit 2,000,000 PEPE to the MEME:PEPE pool for LP rewards.
Let me know if you need instructions on how to deposit to a pool. I checked and it looks like currently the only pools offering PEPE as part of their LP rewards are SWAP.HIVE:ATF and SWAP.HIVE:PIMP. Since anyone can deposit any token into a diesel pool I don't know whether or not you were the one that deposited PEPE into those pools.
I'll set up the pool and distribution contract later this afternoon.
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After the pool goes live later this afternoon you can transfer the 7 million PEPE to @memehive. Forgot to specify which account.😁
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