Hive Engine Tokens I Want To Bag
I always mention that one of the best opportunities the bear market presents is the chance to buy into projects as they’ve lost nearly 80% of their peak price in the bull market.
I’ve had my eye on a few tokens for a while, waiting for an opportunity to collect them for cheap on the market. These tokens are Hive-engine tokens and so trade in /HIVE trading pairs. The recent pumps in HIVE price has made a lot of people reluctant about selling their Hive for Hive-engine tokens, and has even forced some hands into selling their tokens for Hive in hopes that they’ll ride a pump soon.
I was going through a bit of financial crisis a few days ago as I needed to pay off the remaining balance for the current hostel I live in. Thanks to some good payouts I received last week, I've handled that now. Nonetheless, I still try to grab as much as I can. These are a few of the tokens I’m hoping to collect more of before the bear ends (if it hasn’t already). In this list, I’m not going to talk about staking as my focus here will be to talk about holding liquid.
BRO
You knew this was coming first if you read my Hive goals post a few weeks ago. You’ll find BRO on the top of the wanted list of many Hivers for various reasons.
For some Hivers, they’re interested in holding BRO because of the eligibility it gives them to receive upvotes from the Brofi account. If you didn’t know, holding BRO makes you eligible to receiving votes from Brofi.
BRO is not stake-able though so if you were planning on that, sorry. However, even though it’s not stake-able, it does pay holders dividends in Hive and LGN tokens (from the LGN buyback wall), so there’s that to make up for it not being stake-able. So it basically is a readily trade-able token of the Bro economy.
LGN
I think it makes sense why I arranged these two tokens in the order I did. Life doesn’t offer many second chances, and investments definitely don’t either. But luckily for you and I, @raymondspeaks is not life. Lol
LGN defies this rule because it is a second chance to people who missed out on getting into BRO early enough. I’ve seen so many people (including myself) mope about how they missed out on BRO and all.
Lucky for us all, @raymondspeaks being the smart man he is, created LGN for our batch who missed out of the BRO ride.
Bear in mind that he didn’t create the two to be the same thing though. Even though they’re both tokens of the same ecosystem, each has their unique features. This is to ensure that the LGN launch doesn’t collapse BRO.
So you don’t enjoy the same things holding BRO as you do holding LGN. Obviously though, since BRO was the first, BRO holders had the extra benefit of receiving LGN in a 1:2 airdrop when LGN was launched, depending on how much BRO you were holding. Also, if my memory holds, it seems Dragons (people holding at least 1000 BRO) received their airdrops first.
An interesting thing about LGN is that if you didn’t enter when it was on presale at 0.8HIVE/LGN, you already missed out a bit on the ride. Not to despair though, you’re not late.
See, LGN is set to go up by 0.1HIVE every month since January. So from a presale price of 0.8Hive, to a crowdsale of 1Hive per LGN, it currently sits at 1.1Hive/LGN. And like I said, it’s set to go up by 0.1Hive every month, so we should be looking at 1.2Hive/LGN in February next month, and at least 2Hive/LGN at the end of 2023!
Like BRO, LGN pays dividends in Hive to it’s holders. As stated in the whitepaper, the dividends are small right now but will increase overtime as the token adds on more utility.
LEO
I’m bringing LEO here because I don’t plan on holding much LEO since my main focus with regards to Leo is building up my stake. I’m going to try to save up a little Leo though as the year progresses so I’m not with my dick in my hands when Leo makes new ATHs in yhe bull. Maybe 50 LEO every month if it’s possible.
I’m making it 50 so that my desire to save up some Leo doesn’t interfere much with my building process. This way I get to both build, and save at the same time.
I’ve seen what Leo can do and I know that’s just the tip. For anyone looking forward to a good bull run, Leo is a must have! I mean…just look at the recent developments in terms of new projects, features, initiatives, and even community strength. This is a no brainer.
A Bonus
IUC
This token, most people are not going to know. I bet this is your first time even hearing of it. That’s not a mistake. It’s not a popular token yet. It was created by Bala for the #indiaunited community.
It’s use cases among others is that it increases a holders voting percent from the indiaunited account.
If you didn’t know, indiaunited runs a manual curation system, where they may or may not vote a delegator’s post (or people holding IUC) if it meets their curation standards. It means they’re not selling votes for delegation, as not all delegators are eligible for support. A delegator whose post doesn’t meet their standards doesn’t get curated even if you’re delegating a large sum.
They give IUC tokens out to delegators as delegation rewards instead Hive to solve the liquidity issue in distributing curation rewards.
I’m sure you already know this isn’t financial advise and that everything I said in this post is solely for educational purpose. Do your own research if you want to make any investments.
Posted Using LeoFinance Beta
