I thought there was a tax on converting HIVE to HBD so isn't $1.05 of HIVE equal to 1 HBD? Or is that only inside the open marketplace?
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I thought there was a tax on converting HIVE to HBD so isn't $1.05 of HIVE equal to 1 HBD? Or is that only inside the open marketplace?
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You are correct. There is a 5% fee for the Hive -> HBD conversion. The reason for this fee is to disincentive conversions compared to market trades, because conversions need price discovery to happen on the market.
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I am not sure about that. I will have to look into it. You could be correct. But then, if one HBD on the open market is 1.20, it would still be used to add supply since one could still make a profit.
But you bring up a point I was not aware of. That could change the numbers slightly.
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