My Experience Aping Into HIVE'S 2nd Layer.

I haven't made a freewrite type post in quite a while.

Just wanted to jot down some notes on my investment strategy on HIVE and how weird it has been recently. Nothing in this freewrite is personal or financial advice. Of course, virtually everyone reading this will be aware that HIVE token recently reached a new all time high around $3 USD. I imagine that a lot of people are thinking about their investment strategies right now.

The first interesting thing about the HIVE spike for me is that I was already powering down. Powering down is the main way I have been "aping into" Hive-engine. I have been investing in tribe tokens for a long time. Foodie, Weedcash, Creative coin, Leofinance Etc. Tribe front ends are great to invest in and each one has different tokenomics. They are also good protection against demonetization: Especially if you get into a token at a low price and it goes up. Then a whale would have to spend a lot of money to flag you.

Here's another thought about #hive-engine tribes vs the 1st layer [peakd and HIVE token]. There are LOADS of HIVE tokens printed for the reward pool and also the DAO/proposal system. It's sort of comparable to doge in that sense. It's not UNLIMITED like people falsely say about doge, but there is a lot of minting. The point I'm trying to make is, the economics of an individual Hive-engine token COULD be better than Hive token for long term valuation.

Of course, buying random cheap tribe tokens could be a form of buying cheap lotto tickets as a form of pipe dreaming, but on the other hand, one can study the work of developers etc. Leofinance is a great example. They do public video conferences and major blogs for their updates. People invest in leo based on real updates. You can see the work the devs do and make predictions. So I'd argue buying Hive engine tribe tokens is NOT a gamble [unless you are buying them randomly]. DLUX is a HIVE side chain aka 2nd layer.

I bought my DLUX stake very early on when we were all on STEEM shudder I also delegated to @dlux-io for a while and earned delegation rewards. Delegation rewards are a great way to earn 2nd layer tokens while retaining your 1st layer Hive Power. This is exactly what I did for a long time with DLUX.

DLUX is a perfect example of a 2nd layer token that could outperform Hive token price wise long term. They are open sourcing projects like, proof of brain, DPOS, cheap nft minting, 360 and VR uploading and builders. DLUX could be a major onboarding portal [to HIVE] similar to Splinterlands [Splinterlands is also a side chain project I should note].

DLUX is soon to launch a public area to mint nfts "almost at cost" according to @disregardfiat.

There are 2 DLUX nft collectible series currently. BEES and Hypercubes.

Below is my current DLUX nft collection [including ones listed for sale/auction].

Of course, it would be easy to make the argument that the 1st layer is more important, but is it a better investment? Only time will tell. Tribe front ends certainly seem more dynamic and powerful than Peakd communities. Maybe this is an unfair comparison but it's true in my opinion. Tribe front ends are better than communities. Side chains are where the good nft options are. Splinterlands makes more Hive wallets than 1st layer projects. I could go on and on.

What are your thoughts on 1st vs 2nd layer and what is best to invest in?