I thought I saw somewhere in the haphazard array of disjointed communications from HBC that they were going to fix their internal HBC/USD price to equal the external exchange(s)? Does anyone know anything about this or a time-frame?
Currently you get prison-raped converting your lending profits to HBC (and therefore to BTC if desired) as the internal conversion rate is ALWAYS TWO TIMES the actual market value. For example, right now:
HBC Lending Profit Exchange Rate (that you have no choice about if you want to actually withdrawal/use profits):
1 HBC = 7.98$
1 HBC = 0.000674 BTC
HBC's OWN INTERNAL EXCHANGE current pricing:
Bid: 1 HBC = 0.000317 BTC
Ask: 1 HBC = 0.000317 BTC
CoinMarketCap Value:
1 HBC = $3.64 USD
1 HBC = 0.000308 BTC
At a 220% internal markup, you're $100 in "profit" is actually $45!!! You get screwed even if you want to trade internally, much less externally.
Is this going to be corrected, and if so, when? It is IMPOSSIBLE to convince any thinking person to Lend when they do sixty seconds of research and realized they're going to be screwed the moment they actually try and use/withdrawal any profits.
You should probably research a little better before writing an entire paragraph about a platform... first the price isn’t always half what the market is...it fluctuates between $7.90 and $8.14...secondly you aren’t losing money I’ll lay it out for you.
1. If you today invested $5000 worth HBC that would give you at current market value $3.60 each approx 1,388 HBC you then transfer them to lending and HBC will give your 1388 coins a value of $8.14 for lending purposes that means you are now lending $11300 which puts you in the highest bracket. You then Wait 24 hours and receive your 1st payment which is avg of 0.015% that’s $169 of the $11300 (BUT remember your actual investment is $5000 dollars) so we transfer the $169 you received and you get 21 HBC you then sell them on the exchange for $3.60 cents (because you never sell below your price entry point) and you make $77 dollars...far short of $169 yes but the math on your actual investment is this $5000 x 0.015 = $75 so you are making 0.015% on your real investment.
Don’t come on here trying to call this platform something it isn’t because everything they have advertised has been the case.
The only people who can complain about the price not being synced are those who invested higher than the $8.00 point which are the early investors.
You have now been discredited BUH-BYE