RE: Magi Network DHF Proposal 2026

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RE: Magi Network DHF Proposal 2026

themarkymark in #hive • 2 days ago

I can't use Binance from the US, in fact, I can't use any of the exchanges that don't have insane fees.

2 days ago in #hive by themarkymark

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tobetada 2 days ago

which is why we need the DeFi gateway... A CEX listing generally doesn't do anything to price long term. In fact, if you look at Binance listings the price of coins generally crashes after getting listed - it's a pump and dump scheme overall.

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themarkymark 2 days ago

We needed a defi gateway 10 years ago along with smart contracts.

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tobetada 2 days ago

yes indeed. Magi is the closest thing to that atm. Without the DHF this would have never materialized - other projects failed because they didn't have one. I get this is a huge expense that Hive at 6 cents cannot afford too well. But it certainly is worth a shot imo. There is no alternative that I am aware of, unless you are building one.

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lordbutterfly 2 days ago

Magi is exactly that, I get what Marky is saying but this kind of tech didnt exist 10 years ago. It didnt exist 4 years ago.

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