RE: How Uniswap Will Impact Hive-Engine Trading

avatar

You are viewing a single comment's thread:

Ok, I will grant you that what you are saying is true...

But why would someone trade wLeo in the first place?

I guess that having a good liquidity pool helps but that cannot be the whole reason?
So why would someone trade a little coin from an even smaller platform (playing attorney of the devil here)



0
0
0.000
3 comments
avatar

That's a great question.

"So why would someone trade a little coin from an even smaller platform"

I actually believe it's flipped the other way around. People will trade wLEO on Ethereum and ask why anyone would trade LEO on Hive-Engine -- since Uniswap is going to have much deeper liquidity and volume than HE.

This is the main point we were making in the video: Hive-Engine is a niche exchange that is available to a very select audience (people who understand Hive well enough to have an account, understand the second-layer HE exchange, etc.).

Uniswap makes it as easy to trade LEO as any other ERC20 token - which is something that vastly more people understand as compared to Hive.

Our target audience here isn't Hive people, it's ETH people. If you're on Hive, you can trade LEO on HE with no fees.. BUT if you're on Hive and you want to trade LEO in large quantities, I think you'll turn to Uniswap for the deeper liquidity.

"But why would someone trade wLeo in the first place?"

I answered this above from the Hive person's point of view (for deeper liquidity/less slippage than HE). From the ETH person's point of view: people are hunting for projects on Uniswap that both have the potential to skyrocket in price and also have a solid fundamental basis behind the coin. I think we have both and from the conversations I've had with DeFi people that we recently contact about our listing, they tend to see it that way as well.

Posted Using LeoFinance Beta

0
0
0.000
avatar

good to know, well for now I am keeping a tight hold on my LEO, thanks for the comprehensive answer

0
0
0.000
avatar

Hey it may sound critical but I can't follow the logic,referring to the last part of you comment; that solid fundamental basis is build on HIVE, so if ETH-people were not interested in wHIVE, what will make them be interested in wLEO? As an analogy, who buys ERC-20 tokens without holding ETH?

0
0
0.000