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SkateHiveSkateHiveby0x761b4763a572010f96Ed7c22011D0C95E2b36693knowhow92.eth

Convert 50% of Skatehive's HBD savings to HIVE Tokens

Voting ended over 2 years agoSucceeded

TLDR : Requesting community's permission to convert 50% of Skatehive wallet HBD holdings to Hive and Power the Up

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Idea

At the time of writing Hive token trades at $0.285 and it's the cheapest price Hive has ever traded for a bunch of months now!

We currently have 291 HBD in @skatehive wallet so I thought we can withdraw 145 HBD from savings and convert them to HIVE. A convertion at the time of writing would give us more than 500 HIVE tokens. We will then Power Up those tokens and earn interest from curation as well as the standard 3% annual HP interest!

Final part of the plan is to sell those Hive tokens we bought at at least double the price we paid for (min. $0.60/HIVE). This could take weeks, months or maybe years but while waiting we're gonna earn sweet Hive Power for curating with a bigger stake and support shredders with bigger upvotes at the same time!

Why

While we do earn 20% APR for saving HBD I think this trade could play off better in the long term! We can always stack more HBD by posting our updates or adding Skatehive as a beneficiery but we can't always have such great "discounts".

Withdrawal Already Started

I already started an 145 HBD withdrawal request cause we need to have those HBD ready for swap as soon as possible.

If community votes "FOR" then I'll trade the HBD to HIVE in exactly 3 days from now as long as Hive is still trading bellow $0.30. If community votes "AGAINST" then I'm gonna return the HBD to our Savings.

Feel free to ask your questions here : https://discord.com/channels/631777256234156033/1142095726478884944

Off-Chain Vote

FOR
503 VOTES100%
AGAINST
0 VOTES0%
Quorum:126%
Download mobile app to vote

Discussion

SkateHiveConvert 50% of Skatehive's HBD savings to HIVE Tokens

Timeline

Aug 18, 2023Proposal created
Aug 18, 2023Proposal vote started
Aug 20, 2023Proposal vote ended
Jun 28, 2025Proposal updated