#AskLeo - Is HBD killing the layer two tokens?
for today's #AskLeo, the tag from @acesontop (give him a follow and a read, as he has got some good posts), I want to ask you something purely related to the Hive universe. With HBD having a 20% APR in staking, is it going to dominate the Hive blockchain?
I think this is a legit question, as most coins are dead already and some are having a downward trend, since their inception. We see in the first weeks a spike, followed by a crush of the price.
Well, my take on this is that layer two tokens will have definitely a tough time and maybe it is good so, as from cycle to cycle, the projects need to evolve or clean themselves.
There are projects that are well set, where is a strong community behind and also a development plan. This will thrive and I hope, that they will inspire others, like the @leofinance community is doing. Building multichain projects, but staying on Hive as a migration will harm both of the projects, Hive and Leo.
We have also the games present on Hive, which are a case of their own. Not all are successful or are going to be successful, but games like (Splinterlands)[https://splinterlands.com?ref=victor-alexander] which are major ones or niche games like (Rising Star)[https://www.risingstargame.com?referrer=alexvan] will definitely find a way.
This two examples, will be the least affected by HBD and the changes on the first layer. The rest, I don’t know what the future will look like, as people will dump them mostly, as they do now, but at an accelerated rate. I still have my favorites, as I keep on stacking on different projects, and I think this will survive and even grow on the long run.
How do you see it? Is HBD now the Hive-Engine token killer?
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