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RE: Magi Network DHF Proposal 2026

in #hive2 days ago

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

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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.

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.

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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