What Truly determines the Exact Value of a Community Token?๐ค
Hello Friends, Greetings ๐๐
In today's edition of @themarkymark AMA, I asked something I have been curious for a while and I definitely got great reply from the best.
What it really takes for a Token Price become stable?
Demand, this is usually the result of a use case or just primative fomo.
We see constant fall in LEO and POB token price, how could it achieve stability?
One of the big reasons is the price of Hive going up forces Hive Engine tokens to go down unless they have a lot of buy pressure for some other reason to keep up with the Hive price.
The main reason that won't be a popular opinion, but nevertheless is a big factor is the buy pressure cannot keep up with the sell pressure. Unless you stake LEO/POB to get more voting power, the only use case of LEO and POB is to sell it to take profits. Just like on Hive, most people tend to sell tokens to cash out, this pushes the price of a token downward unless there are more people buying the token.
More use cases creates more demand to buy a token, if that buy pressure is higher than the sell pressure to take profits, then the price will go up, if they are roughly equal the price will stay around the same.
Now these are some great points we need to consider. The 'Use Case' definitely makes a community successful. But for a better 'Use Case' more important is the need of 'Commitment, honesty and loyalty' to a community. When Hive Forked out of Steemit, Did anyone has doubts? Didn't the community leaders choose the best Use Case for all of us. And see today how far we all have come. 'HIVE' is a Big Success in itself. It has bring Revolution in social world.
We see great Hive leaders holding more than a Million Hive in their accounta since beginning and keep contributing to its success each single day. How Hive has transformed itself with great projects and new apps is just mind blowing. It's only the belief, hard work, dedication and commitment of the community. We need to have same for Hive Engine Tokens like Leo, POB, Stem, Cine etc.
There are currently around 12k coins on Coinmarketcap, and most of you agree that majority of them are totally shit coins and already been dumped. So what if we can replace those shit coins with the ones we have on Hive-Engine. Isn't that great? HIVE Is currently at Rank #168 on Coinmarketcap.com and we all know it will be in Top 100 soon. And seeing the long-term potential of many Hive-Engine tokens, I strongly believe many tokens can make it into top 500.
Seeing the record success of How Hive has made itself a success and the people of Hive community attributed it. We could definitely achieve the same for Other Hive-Engine tokens. What's better than investing in our own Hive community tokens than too volatile cryptocurrency market. I request and suggest the investors here to at least take a initiative to invest into HIVE-ENGINE TOKENS. We have made Hive a Dream come true, the same can be achieved with all hive Tribes. The Communities like Leofinance and Proofofbrain already offer a strong user support which definitely deserves more attention. Instead of looking out risky investment in cryptocurrencies world, why should not we start with our home i.e. Hive Communities.
I want to thank all the active leaders of Hive community who since the inception take the lead and started the Concept of Hive-Engine Tokens. I still don't get what's the concern about the prices of community tokens when the community itself is the driving force behind it. With the power of hive blockchain we all empowerd to shape a Community Token according to the needs of the community itself whether its the 'Use Case or Token Price'. I would like to mention @onealfa, he has been active on Social Blockchain for more than 5 years, he holds major stake in Hive, Leo and POB. A great Curator, leader and inspiration for many of us. It's not just about his investment into the community, I am sure he had a vision since the inception of Hive and totally believed in it and without a doubt he dedicated himself into Leo and POB community. His commitment level still surprises and amazes me. That's something very much encouraging and motivating for me as well as many others. Such level of commitment and far-sighted vision is the true driving force behind the success of any Community.
Now it's upto to the users of Hive Community itself how we want to determine the value of community tokens. We need to have a vision, confidence in the growth of Hive Tribes. I strongly believe if Hive Community gave more emphasis and support to all Hive Tribes we could definitely outlive all other social platforms and dominate cryptocurrency marketcap too.
Please share your opinions and thoughts. What's according to you determines the exact value of a Token?
