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RE: The First Hive Cross-Chain Enabling Liquidity Pools Launch on Magi Network 11.11

in #hive7 hours ago

Why is there a need to create another token? What are the advantages of that vs simply using HIVE/HBD for rewarding liquidity providers?

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It's part of our long term vision to create a token for powering DAO activities and running higher level governance on the network. However, it is worth noting this is not our primary concern right now, and likely won't be for 1+ years from now. Our primary goal now is to build good products that bring value to Hive.