Posts

RE: Second-tier Tokens on Hive Engine - What to Do with Them?

avatar of @forexbrokr
25
forexbrokr.
@forexbrokr
·
·
0 views
·
1 min read

Focusing on the tokens used by communities, we all love them because they allow us to get paid for sharing content in a community.

But nobody then asks why someone else would consistently buy the tokens that you're earning?

That is, they don't ask what gives Hive-Engine tokens VALUE?

The most simple answer for community tokens is that they allow you a say in how content is displayed within that community's front-end.

For example if you sell a crypto course, then it could be advantageous to stake LEO and therefore have your content that shows how great you are displayed front and centre of a niche community made up of potential buyers.

In saying that however, I'd argue that none of Hive's communities with an associated layer-2 token has been able to generate demand this way.

Poor distribution and tokenomics exacerbate the problems and they all frustratingly end up at, or grinding to zero.

LEO is the closest community we have to getting this right.

But even they still have a long way to go.

Great post mate, cheers for sharing!

Posted Using LeoFinance Beta