RE: MAGI NETWORK - WHAT IT IS AND WHY YOU SHOULD BE USING IT

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RE: MAGI NETWORK - WHAT IT IS AND WHY YOU SHOULD BE USING IT

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shebe in #aliveandthriving • 25 days ago

Why support their DHF, when Leodex/Inleo already have a beta of HIVE/BTC/USDC bridge?

25 days ago in #aliveandthriving by shebe

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bradleyarrow 25 days ago

Magi is not in Beta and Magi is not a bridge.

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shebe 25 days ago

OK. So now give me more usefull coins than BTC, something you can swap just a couple of dollars. Because if you do not want to sell hundreds of HIVE you won't use HIVE->BTC swap these days...

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bradleyarrow 25 days ago

No but you could do BTC to Hive or HBD

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shebe 25 days ago

Yes, I could, but no one in their right mind would do that. And I’d like to think I’m still sane.

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lordbutterfly 12 days ago (edited)

Leodex is just a frontend. All the value is captured by either Leodex,Thorchain and Chainflip. On Magi the Hive ecosystem captures all the value.

We have built the Thorchain of Hive. That is what Magi is.

And yes, we dont have as many pairs as them (we are working on it) but we also didnt receive 23 million USD to build Magi like Chainflip has. We received 3% of that.

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