HBD will need more exchange listing to become a big player

Exchange listing is one of the most important criteria when it comes to any coin. Especially if is a stablecoin, it is very important. The reason I say this is not only for stability but also to have more places where we can trade HBD. The internal market is a very good place for trading. I would even go one step further and say that there are so many bots trading in the internal market. There are algorithms in place that take care of monitoring the value in the market and place bids accordingly.

I even tried creating such trading bots long back but then gave up thinking that trading is not my thing and automating my trading pattern is also not very easy. There are many people still doing it and most of the trading happens on currencies that have very good liquidity and fluctuations. In recent times I have started following some trading strategies where I decide on a good price for trading and revolve around those numbers.

HBD listing

I personally feel that HBD listing is very important. The reason is not only liquidity but we should also stability. The algorithm we have currently to keep the price of HBD around 1$ is still very good. But we don't have an additional big backup available to heal back when there is a huge dumping or huge crash. I agree that we cannot solve this issue with the help of backup listings alone. But exchange listings can be a savior because we will have sufficient liquidity everywhere and if the value goes down in one of the exchanges, there will be a natural demand created on other exchanges and people might even make that as an opportunity to earn.

There will also be natural control over the price. If the price of HBD goes down, many people would be interested to purchase HBD as they know that HBD will again heal back to 1$. The same applies when it goes down too. People will know for a fact that the price of HBD will be backed by many investors when it goes down and bought again.

We currently have a swap bridge for Hive Engine tokens. People who want to transfer their Hive from the main chain to the Hive Engine sub-chain can do it with the help of multiple swap bridges. There is also a price difference. Maybe people can also make use of the opportunities that these swap bridge prioviders might offer. Sometimes if people are lucky they also get a chance to sell their tokens high and buy them back again low. This way they are also able to do some good trading.

Challenges in exchange listing

I understand that exchange listing is not an easy task. We might have so many people in our community who may have the influence to talk to exchanges and help with exchange listing. The biggest challenge would be to run the service and maintain that withdraw and deposit bridge. Mostly those things would have a centralized control but can sometimes be a challenge when we try for exchange listing.

Maybe people from individual places can talk to some of their local exchanges and get a new listing. The biggest problem can still be liquidity and making sure that we are stable and we are able to run the deposit and withdrawal code without any issues.

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