A few days ago, I made a thread about the need to have a direct way to buy and sell Leostrategy's RWAs on Hive Engine without passing through the tedious process of sell and buy orders. I figured out that such a feature could help the project and the RWAs products pricing.
Today, I was so excited when I saw a thread from @leostrategy and
@khaleelkazi that something like this is in the making and would soon be available for public use. That alone tells me this is not just a personal concern.
Presently, buying and selling Leostrategy's RWAs products could only happen through market orders. And there are only a handful of people who have sell orders, most of them placed at ridiculous prices far higher than the market price. Perhaps those people are waiting for desperate buyers, or they believe the prices of those RWAs could go up that high soon.
But the funny thing is that there are no buyers. Those who have buy orders set their prices way down below the presale prices. The market looks funny. Those who want to sell are looking for prices higher than the market prices, while those who want to buy are looking for ridiculously cheap prices. And at the end of the day, nothing is sold or bought. Everyone waits.
Personally, I have been trying to find a way to buy and sell Leostrategy's RWAs products because I see huge profit opportunities in those tokens anytime their pegs breaks. However, I haven't been able to do anything, not even once, because of the nature of the market. When no one is ready to sell at market prices, there is no way to make profits from those products.
Using the Leo pool is also not advisable for such deals because the transaction fee is not encouraging. That option alone makes short-term opportunities unattractive.
A simple conversion feature would be great, just like the way we trade HBD for HIVE back and forth. With such a feature, people would be able to quickly buy TTSLA, TGLD, and TNVDA whenever their pegs breaks, and also be able to sell for profits when the pegs recover by converting back to whatever token Leostrategy chooses for the conversion feature.
I believe this would help the prices of those RWAs stabilize and move up quicker than just waiting for their mirrored stocks to increase in price. Moreover, it would allow new players to enter into the market and possibly new holders.
One major reason why I would like Leostrategy to have such a feature on Hive engine is because the majority of holders of those RWAs are from the inleo community which is on the Hive Blockchain. The community should be able to speculate and take advantage of volatility which we see always. We can not just only buy and stake or hold for dividend yields, one should be able to play around with those tokens for short term trading and profits. A market that doesn't have trading volume is not a healthy one.