Now I'm not going to tag anyone in this post. It just isn't that interesting. However, there was work done behind the scenes on the Great Little Dragons community behind the scene today.
I made a market maker bot which will work behind the scenes to keep the GLD token liquid.
Basically the bot does three things:
Every day it takes a portion of the HIVE that it has, turns it into swap.hive, and makes a buy order at the fair market value of GLD vs the HIVE token.
Important because currently I have a big market order at what HIVE used to be as but currently isn't. If I make a small order every day you are guaranteed to get a competitive rate every day. At least on a small amount
It sells the LEO tokens that are distributed to it from delegated HP every day to grow its liquid swap.hive so it can keep on placing buy orders each and every day.
It places sell orders each and every day. In that way there will always be competitively priced GLD available. Also if HIVE goes up I'll sell off GLD to get HIVE, if HIVE goes down I'll buy up GLD. In short, I take hive value fluctuations and turn it to my advantage while always making sure there is liquidity for the coin.
If you look at the current buy and sell on HIVE-ENGINE you will see there is one BIG buy order for 327 Hive worth of GLD and a fairly large sell batch at 35 HIVE worth. However, those are static and just funds that aren't going anything other than waiting.
With a trading bot, well, you can see the other small BUY orders... over time there will be a much more up to date and active buy and sell wall.
I figured that was a nice idea.
But as always...
.... So much work left to do.
Keep watching :)
