Hive Engine has many features. But among them a few special ones make this exchange more beautiful. I believe in the future this exchange can play an important role in Hive growth. The team behind it should work harder to make it better and better. There are some features which are still missing which needs to work upon. They are more important ones, I have discussed in the post below.
Hive-Engine features are no doubt amazing and all of them are good but there are three main features that users like the most and if more work is done on them it can be a game changer for the platform. If I say that because of these features this exchange is still running and will progress further it will not be wrong.
Three important features (Lease, Staking and rewards, swap.hive bridge)
In three special features, lease, staking/reward system and swap.hive bridge are included and my favorite as well. One special feature that still needs to be added is the bridge system to connect other crypto coins that allows you to deposit any crypto coin from any exchange. Just like in Leodex where you can deposit any crypto coin and do swapping (trading).
I am always very impressed by the lease system of Hive Engine. Before this, there was dlease.io but due to some reasons that site was closed and the lease system was discontinued. But in Hive Engine, this feature is still running and many users are taking benefit from it.
What is the reason that this feature is so special? The main reason is that it keeps Hive users engaged. The feature that keep users engage is the core purpose of the platform. Even if they want to leave this exchange they cannot. Because of lease they have to log in again. Surely, this is a great feature especially for community accounts and new users.
Anyone who wants to increase his Hive Power can access it through Hive Engine. Some Hive users cannot afford investment in the beginning but because of this lease system, they can increase their Hive Power and their influence in this ecosystem. In the same way communities also prefer lease to keep more HP and support other users through contests and many other.
The way to take lease is very easy. You have to log in to your account on Hive Engine. On the top right side you will see the lease option. There you can take as much HP lease as you want. You just have to follow some rules and conditions as I discused in my previous post.
The second important feature
I think is the staking and rewards system. Hive Engine is an exchange that allows Hive users to buy any token and keep it in staking and keep earning rewards. This is a simple DeFi model where you hold tokens, stake and earn rewards.
This exchange allows you to buy tokens of any community and earn rewards. For example, #Colony and #Script both are tokens of #arcadecolony project. From #hive-engine, can buy these two tokens and keep them in staking in the game from which you will keep getting APR rewards.
Besides this, #Leo #Waivio #Archon and many other tokens are available which you can buy from the markets and keep in staking which will give you rewards according to a fixed APR. This is a great way for Hive users to keep earning. Thats the main reason that users will definitely access Hive Engine to earn.
The third important feature
I think is swap.hive bridge. SWAP.HIVE acts as a bridge token between Hive and Hive Engine. When you deposit HIVE it converts to SWAP.HIVE. And if you want, you can convert it back to HIVE so that you can trade inside Hive Engine.
When you transfer Hive from the Hive ecosystem it goes to the #honey-swap account which is actually your deposit in Hive-Engine. This is an important feature where you can trade these tokens. Swap.hive works like a stable coin that helps you in trading.
The way to deposit it is very easy. Log in to your account on Hive Engine. In the interface you will find the deposit option. You just click on deposit, find swap.hive and enter the amount and confirm the transaction. In a few seconds, it will be deposited in your account.
Missing? Multi coin deposit..
The fourth and necessary feature which is still missing is the deposit of other crypto coins. A bridge that allows transfer from CEX exchanges to Hive Engine. For example, I want to deposit Bitcoin into Hive Engine and do swapping with other tokens. This feature is currently only in Leodex and the real reason for the success of this community is also.
In my opinion, working on this feature is necessary and as soon as possible it should be added so that investors can trade other crypto coins also. This will surely do great work for the growth of this platform.
In your opinion, which feature of Hive Engine is more important and what can be the reason? Express your opinion in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA Hive-Engine
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