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RE: Current Liquidity Pools Strategy
Thanks for the pool update.
I have an interest in CENT / BEED pool which didn't make your priority list. lol
Out of curiosity, is there a way to measure the consumption of the BEED token?
The use of the token is for trading fee so it would be interesting to know if more or less of the token is being burnt. I am assuming the token gets burnt when the system deducts 0.001 BEED for a trade cancellation.
I welcome you thoughts on the BEED token usage and future value.
!ALIVE
!PEPE
!GLYPH
0.39224875 BEE
The reason we removed BEED from the priority list is that it doesn't reach the promised price of $1. However, the Cent/BEED liquidity pool will continue to distribute rewards. We are not comparing the token to Swap.USDT and Swap.ETH.
The BEED price will gradually increase because the underlying system is really good. Currently, producing BEED is not at all logical; you can produce 1 BEED with 41 BEE. However, you can buy 23 Hive or 1 HBD with 40 BEE. The current price of BEED is 13.75 Hive. The increase in the number of BEED in the @null account could be analyzed. However, we have more important problems. One of them is what is forcing us to make changes in the pools. The trading volume in Hive-Engine is decreasing over time. For BEED to easily reach its value, the trading volume needs to increase and more BEED tokens need to be burned.