There isn't yet a stable cryptocurrency with an actively used market and liquidity pool on the Hive-Engine. There are a few liquidity pools that distribute satisfactory LP rewards, but even these lack sufficient liquidity. Recently, like all digital markets, cryptocurrencies and Hive have experienced sudden price shocks and extreme volatility.
The SHORT Token was created a few days ago. You can use the token to profit from potential downward trends in the Hive price. We launched the token at a Hive price of 0.17. We kept the price quite low so that all users can benefit and perform fractional trading. We are tracking the reference price using the Hive/USDT pair on Tradingview. We will use liquidity pools, market maker transactions, etc., to reduce the token's volatility.
The token is supported by the Cent Project. It will be managed by the @centtoken account. We have created the Cent/Short liquidity pool and have started distributing LP rewards. We will add CENT, HIVE, and HBD tokens to the liquidity pool as LP rewards. Later, Hive/Short, HBD/Short, etc. liquidity pools will be created. The main price movement of the token will occur in the liquidity pools. Therefore, placing small, incremental buy and sell orders in the token market will be more profitable.
Token name: Hive Short
Symbol: SHORT
Maximum supply: 1,000,000 (100,400 in circulation)
Management account: @centtoken
Stakeability: Yes.
Unstaking: Can be unstaken in 30 equal installments over 30 days.
For token trading:
https://tribaldex.com/trade/SHORT
https://hive-engine.com/trade/SHORT
https://tribaldex.com/swap?from=CENT&to=SHORT
https://www.hive-swap.com/swap
Hive/Short Liquidity Pool and LP Reward Distribution Active
[HBD/Short Liquidity Pool and LP Reward Distribution] Active
Image source: Gemini AI
I added 50 SHORTS and 8 SWAP.HIVE to the SWAP.HIVE:SHORT pool. The APR is difficult to resist.
The initial profit margin isn't noticeable in the newly created liquidity pools. This can be prolonged during downturns like this period. I'll hold onto my liquidity for a while longer, because the liquidity inflow seems very low compared to the added reward.
I find it impressive if the APR stays above 100% for 3 months at least.
How about if the downward trend in the price of HIVE started to reverse? How will it affect the price of SHORT?
As the name suggests, the token loses value against Hive if the Hive price rises. However, it maintains its value in HBD or dollar terms.
In that case, is there a need for a new token like LONG?
There is $3 million in liquidity in the Hive-Engine liquidity pools. In the last 24 hours, there has been a trading volume of $6,000. A token like 'LONG' would only be needed if trading volume on Hive-Engine increased significantly. Functional tokens would become necessary. For example, a token like LONG2X, which would increase by 2% when Hive increases by 1%, might become necessary. Otherwise, long-style tokens currently have no functionality.
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porfavor enlace para acceder a las pools de hive????
You can access them from the following links: https://tribaldex.com/pools
https://www.hive-swap.com/pool
https://tools.crypto-dreamr.com/dieselpool/pools