True, though that would only be a good idea if the price of HIVE were high, otherwise too much is lost in the conversion. π π π β¨ π€
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People also aren't supposed to convert very little amounts of HIVE or HBD (especially the minimum positive amount which is 0.001 HIVE or 0.001 HBD), or they will lose (effectively burn) a huge percentage of their source token (technically up to 100%) because of the destination token amount being rounded down to the nearest thousandth digit. π€―π
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That is also very logical, so obviously. πππβ¨π€
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That's unless they want to "help Hive" by letting a (large) portion of their HIVE or HBD to be swapped or converted be burned. π€π₯πΈπ€―ππ€
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Well, that would likely help HIVE's fiat value. πππβ¨π€
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It's a time-consuming way to "help" increase the price of HIVE or HBD though, as it requires several clicks to finish a transaction to convert/swap between HIVE and HBD (and also requires inserting the private active key every time if not already saved on #HiveKeychain or #Hivesigner). π€π€―
I think that I read here on Hive about a Hive-based project which gives any Hive account certain tokens (on #HiveEngine) for every HIVE or HBD burnt. π₯π€―π€
Well, I was thinking more that it would be a side benefit, rather than a primary means of doing so.
This is my first time hearing about that, interesting. I know I'd never participate, as both HIVE and HBD are far too valuable to me. πππβ¨π€
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I don't think that anyone needs to plan to "participate" in getting any token from burning HIVE or HBD, since it can be considered only a "token of appreciation" for anyone who burned any of those first-layer Hive tokens. π€π€―
Anyway, I don't know where I read that project (here on Hive), because it's really hard to find it using #Ecency Search. π₯π€―π
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Ah, I see. I imagine only whales would have participated...lol!
It's apparently lost in the blockchain sands of time. πππβ¨π€
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