The death of a HE Token...
I have been a faithful follower and user of the SPORTS token since its inception a few years ago... I am a sports guy and I trusted that the community behind this HE token would develop and become something worthwhile, that's why , since the beginning I have been accumulating SPORTS token to be able to expand my voting power in said community.
The reality is that, compared to other communities, SPORTS has a spectacular social mass but its token has very little added value.
Every day there are hundreds of posts related to the world of sports, the vast majority of them dedicated to classic sporting events such as soccer... but very few related to the personal aspect of the possible author as an athlete, which is my case...
Anyway, and as I have already said, I felt identified with this community and I continue to use its tag in my running posts... however, I think that this token in particular, like many others, has its days numbered, if its developers do nothing to prevent it.
I think it will end up dying like many other similar Hive-Engine Tokens, most of them generic, like PALNET or NEOXIAN or ASH (RIP already) if nothing is done and, as @acesontop wrote a few days ago, the creation of a token or a new community is not only limited to replicating another new blogging interface... You also have to give something different or improved for someone to decide to engage with it.
As I have already said, my nature makes me be enrolled in that community but I do not see the need to stake these tokens and neither do I see a greater utility than selling them and transforming them into HIVE, LEO or even CENT to prevent their value, if it still has some, is diluted over time.
For more information, I enclose two interesting charts on how SPORTS is languishing over time.
The one on the left is about my SPORTS STAKE since the beginning of the year, as you can see, a permanent increase... The one on the right, the value of my sports stake versus the same time, towards the underground...
Need I say anything more? This happens with many other HE tokens and communities, possibly I will make a more extended post in the future to show you which TOKENS are worth staking with and which others are simply better used for increasing your HIVE Power...
Posted Using LeoFinance Beta
