So the Actifit team is on a tear - they have listed their AFIT token now listed on Coin Market Cap!! And the price is soaring!
You can check out their BSC defi web app here
https://twitter.com/Actifit_fitness/status/1519184631127769088
- Actifit_fitness
There's only one thing, the AFIT token on hive-eninge.... is not connected to this....yet. The price on hive-engine is WAY different than the price on BSC chain. Maybe they can meet in the middle? Maybe....
I picked up 22 HIVE of AFIT yesterday, and today its worth 51 HIVE.
Do I sell it now and record the win.... or wait for a possible bridge? Decisions decisions 🤔
I'm not sure how I feel about Actifit...
On the one hand I support unique and creative uses of HIVE, and Actifit is a longstanding program and team that hasn't given up and continues to encourage new users to get involved in blockchain technology to change their very real lives.
On the other hand...
BSC schemes don't impress me and are probably mostly scams, whether or not the people creating them have scam intentions.
Currently my bag would be worth 7.7 BNB .... after a 28% price impact. I wonder how many AFIT are out there in wallets waiting for a bridge?
I can use the handy dandy richlist tool built by to check.
Hmmm, I don't even make top 50 accounts with my puny 40k.
By my estimate, even subtracting the account and the null account, there are at least 5 million AFIT tokens getting dumped as soon as that bridge is opened.
And that would be a 98% price impact. But, how does that compare to the price on hive-engine?
At the current price of 11 cents on BSC, a 98% would bring the price down to 0.22 cents, or 5 to a penny, and my 40k tokens would be worth 88 dollars, even better (about double) than the current dump price on the AFIT:SWAP.HIVE pool.
Of course this is assuming no further price action on the BSC pool. I suspect the AFIT team will try to add some utility, probably staking or LP rewards, so that might help this thing appreciate even further.
Since this 22 HIVE is just a little taste, I really want to let it ride....
By making this post I have decided, I have sold half my stack for 26 HIVE, booking a 4 HIVE profit and keeping my hands on just over 20k AFIT tokens to take a free ride - hopefully to the MOON!