It has been roughly a week since the inception of the BSCBridge 2.0 with the introduction of the HIVE <> BNB conversion. (Both ways)
In the past days (roughly 8) BSCBridge has bridged over 10k HIVE.
Well, for the exact numbers:
1415.831 HIVE has been converted from BNB to HIVE.
11111.11 HIVE has been converted from HIVE to BNB.
There have been a few issues in the past couple of days, mainly, the funds in the BNB side of the things constantly running out due to the fact that more HIVE > BNB conversion is taking place. In the beginning, I was honestly expecting more of a 50/50 split, maybe HIVE > BNB being a bit more popular, though, that was not the truth.
With almost 90% of the conversion being from HIVE to BNB, the BNB wallet kept running out of funds. Making the service unavailable (or having people not be able to convert their funds completely) from time to time.
To prevent such issue (in the upcoming days) I will be implementing a new system whereas both wallets will have minimum amounts (as in HIVE and BNB) and will be automatically refilled if the balance goes below that amount. The initial reason why I kept the amount low was that I wanted it to grow naturally, but as evidence would point out, due to the unbalanced conversions, that's not happening.
Thank you!
Thank you for the huge interest in BSC Bridge, the development of it will definitely continue... and who knows? Maybe it does end up becoming a liquidity pool. Where you guys can contribute to it in both HIVE/BNB and earn a percentage of the profits BSC Bridge has... maybe... soon™
What is BSC Bridge? What did I miss?
For more information on what is BSC Bridge you can read the announcement posts here:
Initial announcement
2.0 and Frontend announcement
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What a number.
LOL I was thinking the same thing reading through the post.
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it's a cool and useful thing IMO. I will test it sometimes :)
Sensational numbers. It is terrific to watch a new hive application start to attain success so quickly.
I am not sure it is a great surprise since there are so many who receive HIVE and dump it. This is a nice application to reach BSC which is a hot destination at this point.
Great idea about the LP and future development This can really evolve into something much bigger.
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Your post was promoted by @taskmaster4450le
Oh that would be an interesting proposal to fund the liquidity pool and get profits. I probably won't be able to put too much but I will contribute a bit.
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Maybe (suggestion) show the balance sheet on the website. It would help people... understand until where they can go...