How to buy index as i checked hive engine, almost all of them are already sold. Was their a presale?
Also how new index tokens are minted or available for sale?
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How to buy index as i checked hive engine, almost all of them are already sold. Was their a presale?
Also how new index tokens are minted or available for sale?
Posted Using LeoFinance Beta
Well I just bought it on hive-engine , you can check it now . I don't think they have done any presale .
Posted Using LeoFinance Beta
Thanks. I just saw on engine there are 20 @5 hive price so i was wondering. Now someone is selling a few. I will try buying as much as i can.
I still don't get how much coin is worth or is holding in other engine tokens.
Check out HE-index.io
That's got all the listings and how it's weighted.
Thanks
No presale at all.
What's confusing for some folks we have found, is how the tokens are issued.
We want to make sure the offering is as in tune to represent the index of the tokens inside of it.
So every 5 minutes, tokens are issues (right now in blocks of 300) at the current price of the H-E market.
It might go up and down, so the price will adjust based on the overall tokens in the index.
Hope this help :)
Thanks for explanation. It would be great to see a detailed post about how it all works and how one can benefit from it including all the risks involved.
So it means, when token are sold, that hive is used to buy tokens from market with volume ratio?
How will it be converted to profit? Woukd you sell them when price is high and buy when price is low or is there something else?
The index never loses it's holdings because if say you buy INDEX from me, and I'm selling the token...The token has the same holdings, but ownership of the token transfers.
These aren't really designed to flip, it's more of a long term hold...And you are betting on the HE market rising. You can always sell and it's a free market, but for me the real benefit is sitting on them and letting the rewards grow with it.
We'll have more posts about it going forward for sure :)
Thanks again