Yep, indeed, for sure.
Awesome. πππβ¨π€
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I noticed that the price of the DUO token on the #HiveEngine market has a lowest sell offer of 1.15 SWAP.HIVE, and a highest buy offer of 0.75 SWAP.HIVE. π€ That's quite a huge difference indeed! πΈπ€―π
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I haven't looked at that one recently, but I see that with a lot of tokens, with a wide variance between the buys and sell prices. πππβ¨π€
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!PIZZA
!STRIDE
!WEIRD
While it's common for #HiveEngine tokens in general to have a large gap between the lowest selling and highest buying prices, I think that it's probably not expected with tokens whose respective prices are managed by their issuers (such as the DUO token). πΈπ€―
Anyway, it seems that the UNICOIN token (by @uni-coin) has a smaller gap between buy and sell prices than the DUO token (right now). π
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Yeah. Our regular buybacks help keep the price close-ish to 1 Hive. Though we buyback at slightly higher than 1 Hive and burn tokens regularly.. !BBH !UNICOIN
I just delegated a tiny amount of Hive Power to your Hive account to try out the !UNICOIN command for the first time. π !HOPE
Seeing the ability to tip 0.002 UNICOIN (which is pegged to 0.002 SWAP.HIVE) and 1 CENT (which is pegged to $0.001) sounds !FUN !INDEED! π
Indeed, the maintaining a token's price is not always easy, and often requires buy walls, which require lots of liquid SWAP.HIVE.
Interesting. I love seeing tokens with the buy and sell walls very close to each other. πππβ¨π€
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!BBH
!HUG
!INDEED
!WEIRD
I notice that many #HiveEngine tokens which are heavily traded (like DEC) have buy and sell offers (very) close to each other (such as DEC in this case having less than 1% difference between Bid and Ask). π€
It looks like I just encouraged you to follow the UNICOIN token (though I don't expect you to delegate Hive Power to its corresponding Hive account anytime soon so that you can start tipping UNICOIN and CENT at least once a day because of the HP delegation). π
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That's good, and it makes sense. For tokens that have diesel/liquidity pools, the swap prices are usually right between the buy and sell orders.
Well, I don't know what 'following' entails, but yeah, my HP is going to be pretty occupied for a while. What do you mean about tipping CENT? πππβ¨π€
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!BBH
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!PIZZA
What I meant with "follow the UNICOIN token" is by following all relevant Hive accounts for the token (which are its founder @cryptounicorn420, its official account @uni-coin, and its bot @tippybot, among others) and bookmarking relevant articles and pages for the token. π€―π€
Tipping !UNICOIN (successfully) also gives both the tipper and recipient 1 CENT token (which is pegged to $0.01 each). π
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Yeah, I haven't done that yet.
Ah, OK, I didn't know that. πππβ¨π€
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!BBH
!HOPE
!INDEED