Using Arbitrage to Raise Funds to Create My Token
We've seen some price spikes in HIVE recently. For those who have some liquid HIVE sitting around it's a golden opportunity. I've been taking advantage of it and using arbitrage to get myself more liquid HIVE.
(Created with ChatGPT)
The process is fairly simple, so long as the price of HBD doesn't fluctuate much. When the price of HIVE rises, I convert it to HBD. As the price of HIVE falls, I then convert it back to HBD to get more HIVE.
I'm slowly buyingup BEE as I get ready to create my new token. This is a great way to do it without costing me extra HIVE. That frees up more HIVE to pay dividends to stakers and delegators once the token goes live.
Slow and steady progress towards the goal!
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
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HIVE price goes down, buy in Binance and stake for high APR. Sell when it goes up. Profit 😀
I like your idea!
!BBH
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I missed the big pump the other day. I've been hoping for some bigger swings with my liquid HIVE. Like $.25 or something like that. Wishful thinking I know...
Yeah, I'm there with you. It'd be nice.
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!PIZZA
!ALIVE
Great job, keep that up! Stacking up that BEE is a good idea too, token creation isn't cheap as I recall when we did DUO!
Thanks! It's not if you want other features like staking, delegating, etc.
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