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RE: Magi Network DHF Proposal 2026

in #hive4 days ago

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So what's the alternative . Let Hive die a slow death? I have seen it happen to others.

yeah throwing millions out the window is the solution...

It's not millions... and if you don't see why we needed this Infrastructure like yesterday I guess you are prepared to go down with the ship?

They already got over $800k and want another $330K. It's also not the only project hemorrhaging funding. It's been going for how long and it is funded far more than the daily liquidity. Hive is down 72% from just a year ago. If we spent 5% of the DHF funding we have spent on this and got a top tier exchange, we would be way better off and probably wouldn't be down 99%.

A top tier exchange listing costs $500k-5million USD and doesnt solve anything. You are off by about 10-100x in that claim.

Magi solves all our CEX dependence problems and generates Hive and HBD demand. Its as simple that. The market is moving to DEXes.
Magi is 1 of only 4 crosschain liquidity layers that exist.

We got there before almost everyone else. You should be excited for whats coming. I know you wont be Marky 😅... but you should be.

A top tier exchange listing costs $500k-5million USD and doesnt solve anything. You are off by about 10-100x in that claim.

Hardly, that's only if you brute force your way in.

Yup, super excited.

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We have been “asking nicely” for years. Thats not how it works, especially since we are a low volume chain. Its 500k-5million. And then you can get delisted at a whim.
Thats no solution to anything.

This is the solution. Its not only the best chance we have, its probably the only chance we have. Other proposals are opensource, maintenance, wallet, etc.
You know this.
This is the kind of stuff we should be funding with most of the DHF. Projects that create opportunity for Hive. That have a chance of being competitive in the market.
Im sure you wont support it with your vote, but you can for sure support it in other ways. We need Hive bonded in validator nodes. We need liquidity.
Read what it is we do, you will understand why it helps and how it helps.

We should have had native smart contracts years ago.

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we already are on Binance as well as like 20 other exchanges... I don't think this is the problem. Price is down because Hive does not have enough use cases - this project creates demand for HBD and therefore Hive.

Personally, I have seen at least one other project failing because no one was building anything (useful). We at least have to keep building. Hive's price will recover with the makret overall I believe, but we need momentum if we actually want to go back to ATHs

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

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.

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

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