You are viewing a single comment's thread from:

RE: Daily Hive Stats Report - Friday, May 22, 2020

in Hive Statistics5 years ago

150,000 in HIVE at a price of of 31.5 cents (median price feed) means 476,000 HIVE will be printed. Let's round it up to 500,000.

On another hand, the Huobi HIVE/USDT pair has a daily volume of 15 Million HIVE. Which means that the printed HIVE, assuming they are ALL sold will only represent 3.33% of the daily volume on Huobi HIVE/USDT.

Taking into account the 20 other pairs like HIVE/BTC and HIVE/KRW across multiple exchanges I think we're fine.

Also, a lot of the conversions should be from liquid HIVE that were exchange with HBDs, so probably not all HIVE will be sold.

Sort:  

150,000 in HIVE

This is 150k in HBD, so multiply the numbers by 3-4x.

That's what I did 150,000x3 = 450,000 HIVE. I used 500,000.