I am pulling out of my OSMO/UST LP. Kinda done with the cosmos world. Been nothing but one issue after the other the last few months. I have always seen issues with UST and it’s complete centralization considering it is supposed to be an algorithmic driven stablecoin. When Do Kwan came out about buying a bunch of BTC to help back it, I knew it was already in trouble. Unfortunately didn’t start unbonding soon enough, lol.
So it’s back to good ole HBD and BUSD for me!
The @hivelist team accepts HBD on its retail store and pays out store vendors with HBD. They are even building out an NFT marketplace on Polygon to support the pHBD token.
We know, lol. At this point it's best just to get all the pieces finished and in motion and start marketing a finished project instead of hyping a roadmap and trying to split EXTREMELY limited human resources between development and marketing. Everyone is licking their bear scars right now so it's best to just get everything all ready to roll!
Since six months ago, I read about the risk of such a fall of this coin, after a while, it's nice to know that some people who make predictions are not mistaken)
I wonder if the crash of UST is what sent the markets spiraling out of control or was it more of a general type thing that was just due for a correction.
I think HBD is way too linked to BTC and I saw a recent post where they mentioned all the exchange pairings for HBD are with BTC. So I don't think HBD will drop down that much but the peg will be affected. However, I think it is far safer because the conversion rate is 3.5 days.
I am pulling out of my OSMO/UST LP. Kinda done with the cosmos world. Been nothing but one issue after the other the last few months. I have always seen issues with UST and it’s complete centralization considering it is supposed to be an algorithmic driven stablecoin. When Do Kwan came out about buying a bunch of BTC to help back it, I knew it was already in trouble. Unfortunately didn’t start unbonding soon enough, lol.
So it’s back to good ole HBD and BUSD for me!
The @hivelist team accepts HBD on its retail store and pays out store vendors with HBD. They are even building out an NFT marketplace on Polygon to support the pHBD token.
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We have been up and running for a while now, would love for you to come and check it out.
https://hivelist.io is the main project link that gets you to all the places, lol.
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Trying to build something worthwhile, lol.
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We know, lol. At this point it's best just to get all the pieces finished and in motion and start marketing a finished project instead of hyping a roadmap and trying to split EXTREMELY limited human resources between development and marketing. Everyone is licking their bear scars right now so it's best to just get everything all ready to roll!
Agree
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Since six months ago, I read about the risk of such a fall of this coin, after a while, it's nice to know that some people who make predictions are not mistaken)
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Yes, unfortunately, the surest way to find out if you are right is to wait a while and look at the result)
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UST is trash
HBD is the real cash :')
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I wonder if the crash of UST is what sent the markets spiraling out of control or was it more of a general type thing that was just due for a correction.
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I think HBD is way too linked to BTC and I saw a recent post where they mentioned all the exchange pairings for HBD are with BTC. So I don't think HBD will drop down that much but the peg will be affected. However, I think it is far safer because the conversion rate is 3.5 days.
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Posted using LeoFinance Mobile