While everyone is eagerly awaiting our account report, we have been developing a new service in parallel and are happy to announce the @cartel.swap: a new swap for both HIVE ↔ SWAP.HIVE as well as the first HBD ↔ SWAP.HBD alternative to Hive-Engine!
The Status Quo For HIVE ↔ SWAP.HIVE
To access the ecosystem of Hive-Engine we usually need SWAP.HIVE to buy tokens like ONEUP or CARTEL. To go in and out between HIVE and SWAP.HIVE we have currently two different ways, the official Hive-Engine deposits/withdrawals as well as a couple of cheaper alternatives:
The official service from Hive-Engine/Tribaldex takes 0.75% fees for each swap and has unlimited liquidity. They control the issuing of SWAP.HIVE tokens and always hold an equal amount of HIVE in a hot wallet to allow withdrawals for everyone.
The alternatives are from LeoDex, Bee.Swap, HivePay and Deathwing with fees between 0.2%-0.25% but with limited liquidity, which often leads to one side being empty until it is rebalanced with swaps from the other side.
If you want the swap between the more and more popular HBD ↔ SWAP.HBD (which has just increased the savings APR today to stunning 20% to create a more competitive stable coin to hold long term) your options are entirely reduced to Hive-Engine/Tribaldex with the default 0.75% fee.
@Cartel.Swap With Benefits To CARTEL Holders
We have now launched the public Beta phase of our own swap service with @cartel.swap, which is available to everyone on HIVE. Besides offering HIVE ↔ SWAP.HIVE we also added a swap for HBD ↔ SWAP.HBD, which makes us the first 3rd party service to offer that, as far as I know.
We don't have a frontend yet to access it but it is still very easy use:
Send either HIVE, SWAP.HIVE, HBD or SWAP.HBD to @cartel.swap. You will automatically receive the other side of your token, either the swap or the native token.
If our balance is too low on the other side, you will automatically be refunded.
We have several features that make our bot different to other swap services:
- Staggered Fees
- Individual Daily Swap Limits
- Reserve For CARTEL holders
Staggered Fees For CARTEL Holders
Our fee for the swap will be dynamically calculated, depending on your CARTEL holdings within the last 24 hours. (The time factor helps to avoid gaming our bot and moving CARTEL to different accounts just to get access to our low swap fees.)
The fees are different for both HIVE and HBD swaps and are staggered into six variations for each pair. You can find our current fees below:
| CARTEL Balance | HIVE ↔ SWAP.HIVE | HBD ↔ SWAP.HBD |
|---|---|---|
| 0 CARTEL | 0.25% | 0.5% |
| 1 CARTEL | 0.20% | 0.4% |
| 10 CARTEL | 0.15% | 0.3% |
| 30 CARTEL | 0.10% | 0.2% |
| 60 CARTEL | 0.05% | 0.1% |
| 100 CARTEL | 0.00% | 0.0% |
That's right, top CARTEL holders will pay no fees at all!
Individual Daily Swap Limits
Each of the four tokens has its own daily swap limit. This will be usually around 25%-50% of the total liquidity and will be adjusted over time in order to create a better experience for everyone, where one account will never be able to empty one side alone if both sides were balanced previously. It will still be possible to empty one side alone, if it was low in funds already.
While we are still in the public Beta phase for our bot, we begin with a low individual volume of 100 tokens per day for each of the four sides (i.e. you can swap 100 HIVE + 100 SWAP.HIVE + 100 HBD + 100 SWAP.HBD every day). We will be gradually increasing the daily maximum amount and try to meet your demand.
If you send a transaction that is larger than the daily limit you will be automatically refunded with a memo text telling you that you reached your daily limit. You can also do multiple transactions until you reach your 24 hour limit, which will then refund all transactions that surpass the daily limit in total.
There is also a minimum swap of 1 token of any side, to avoid micro-transactions burning our Resource Credits and to be able to have enough token divisors to apply our fees.
Reserve Liquidity For CARTEL Holders
Often with these swap services, we end up with one side depleted, because some large arbitrage whales are moving in one direction and leave everyone else without any option other than waiting for new liquidity to enter on the empty side or paying higher fees via Hive-Engine/Tribaldex.
This is where our reserve liquidity comes into play, that only CARTEL holders can access. This means, that as soon as the liquidity of any side is getting lower than the current reserve setting, only users who own CARTEL will be able to continue doing swaps with that particular token.
This is by far no guarantee for CARTEL holders to always have something to swap, as the reserve will be shared among other holders as well. But it will add another buffer in favor for CARTEL owners, that increases their chance to find at least some liquidity left when they need it.
Our current reserve setting is at 50 tokens on each side and will be gradually increased, together with the total liquidity and daily swap limits.
Public Beta Phase
Our new @cartel.swap is up and running and has multiple fail-safes. So far it looks like it is doing what it is supposed to but we still might encounter some bugs. So for now we have limited the liquidity, until we have tested it more with your help.
So go ahead and start swapping back and forth. If you find any bugs, please let us know on our Discord under #cartel-support. And soon we can start adding more funds, so you can actually move around some meaningful money.
What Is The Cartel?
| Splinterlands, Hashkings, dCity, dCrops, Rising Star, Farming Tales, Crypto Raiders, Gods Unchained, Skyweaver, Ehon, PsyberX, Ragnarok, ChiFiBots - and this is just the beginning of our journey. | With @curation-cartel we integrate over a dozen different curation accounts for HIVE tribes, including the popular @monster-curator and @oneup-curator, with delegations worth over 100,000 USD. | Our token is the CARTEL and by selling it we generate funds to invest into games and HIVE tribes, as well as dividend tokens, to eventually pay dividends to CARTEL token holders. |
 |  |
|---|---|
Special thanks to some of our most engaged family members. I wanted to list and ping you at first but I would probably miss half of you as we are many. You are all family!
As someone that can juggle (pretty well) I can tell that new image was created by a non juggler - the objects DON't go round and round and the standard way to juggle four objects is two in each hand.
Maybe a slight modification of the object placement would be less infurating.
Posted using 1UP - Play2Earn & NFTs
We should do a Mill's Mess. !1UP
Only three balls...?
Five is where it starts getting serious!
Posted using 1UP - Play2Earn & NFTs
Hahah I love it! Is that true, about the juggling?
Sounds great.
I'm curious if there are any innitiatives coming for the 1up token?
I see a lot about the cartel now but nothing on the native 1up token.
Posted using 1UP - Play2Earn & NFTs
Yes, we will get to more ONEUP stuff as well. We are already in the talks about a new frontend, pools and inflation will get some changes and more. Stay tuned. :)
This service is great, I will definitely try it.
@tipu curate
Upvoted 👌 (Mana: 45/55) Liquid rewards.
!PIZZA
More to come.. !PIZZA
Brilliant! Absolutely love this!
!LOLZ
lolztoken.com
Sherlock Homes.
Credit: reddit
@flauwy, I sent you an $LOLZ on behalf of @cryptokungfu
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/4)
This is a fantastic function.
The bot automatically knows how many Cartel we have?
Yes, that is correct. Additionally, it will check your wallet transactions of the past 24 hours and substracts all newly added CARTEL from your total amount, to calculate the fees.
That's awesome news, I'm excited to have access to this service!
!1UP
You have received a 1UP from @mezume!
@oneup-curator, @leo-curator, @ctp-curator, @bee-curator, @pimp-curator, @vyb-curator, @pob-curator, @neoxag-curator, @pal-curatorAnd they will bring !PIZZA 🍕
Learn more about our delegation service to earn daily rewards. Join the family on Discord.
That's pretty cool! Awesome in fact!
Posted using 1UP - Play2Earn & NFTs
really great news and a great use case for CARTEL tokens!
!BEER
!PIZZA
!LOL
!LUV
!PGM
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get votes from @ pgm-curator by paying in PGM, here is a guide
Create a HIVE account with PGM from our discord server, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@libertycrypto27(2/5) gave you LUV.
H-E tools | discord | community | <><
HiveBuzz.me NFT for Peace
lolztoken.com
It means a lot to them.
Credit: reddit
@flauwy, I sent you an $LOLZ on behalf of @libertycrypto27
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/8)
@flauwy! The Hive.Pizza team manually curated this post.
PIZZA Holders sent $PIZZA tips in this post's comments:
rachaeldwatson tipped flauwy (x2)
thebeardflex tipped flauwy (x1)
@spiritsurge(1/20) tipped @flauwy (x1)
libertycrypto27 tipped flauwy (x1)
Please vote for pizza.witness!
Very cool incentive for CARTEL holders! Great work!
!PIZZA
Keep up the good work
!PIZZA
Keep up the good work
!PIZZA
This is a great alternative. Just wondering, it is still possible for the liquidity on either side to run out if a CARTEL member uses up all of it right? I guess the reserves could have the daily limit for a few people so no single one person can swap it all out.
Posted Using LeoFinance Beta
Yes.
Interesting point. We might consider this.
Congrats on this amazing achievement!! Keep up the great work, this is an awesome community with lots of great people, and this is just the beginning, can't wait to see where ONEUP will be in a few years, awesome!!!
Cool! Need to follow you guys more :)
!Pizza
Nice this is awesome, I hate depositing swap.hbd you normally lose on deposit and the trade.
Very cool!
Posted Using LeoFinance Beta
Reduction in fees for the CARTEL holders is not only smart but it is a great way to save money for the holders ... loving it.
I have a question, "What is the ratio or percentage, of something reserved, among CARTEL holders according to their holdings?"
The reserve is currently without further limitations accessible to all CARTEL holders. Another user already suggested a further limit for each person specifically for the reserve. We will monitor if this might be a needed addition to our service.
👍
I love this feature! you guys rock! I almost forgot we are gonna even get dividends, wow!!
rock on
!LUV
!PGM
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get votes from @ pgm-curator by paying in PGM, here is a guide
Create a HIVE account with PGM from our discord server, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@forsakensushi(1/1) gave you LUV.
wallet | market | tools | discord | community | <><
Congratulations @flauwy! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 67000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!