Do you know if UpBit pays Koreans anything extra for inflation on HIVE? Sounds crazy so much in there and if they don't pay, it's quite a big quantity they are getting for free at users' cost.
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Do you know if UpBit pays Koreans anything extra for inflation on HIVE? Sounds crazy so much in there and if they don't pay, it's quite a big quantity they are getting for free at users' cost.
Exchanges (like upbit) don't benefit from HIVE inflation unless they do not power up the HIVE they hold. AFAIK, the only one who did was Binance when they got tricked by JS.
(I completely forgot it was not powered up) 🤦♂️ of course... But I wanted to know if they have some sort of scheme/option behind the scenes to offer people inflation via "lock" up. Not that it makes sense for anyone to do it, but to understand if they are coming up with any strategy.
I guess then lots of people are just holding to it there... with intentions of selling it higher. Not sure why people don't understand there is more benefit on having it either on HBD or Power Up.
I can only assume for trading volume (bots) or maybe JS has not yet given up.
As the power down period is quite long, I doubt any exchange would take the risk or propose to their customers to do so.