Posts

Try Not To Discount That Hive-Based Token

avatar of @videosteemit
25
@videosteemit
·
·
0 views
·
2 min read

That moment it hits you.

For far too long, our HIVE-based tokens have seen limited traction as our communities appear to develop almost outside of the momentum seen elsewhere in the crypto community on other blockchains. Yet every token is becoming increasingly more valuable as it can begins to escape the HIVE ecosystem and join the larger crypto community. While it may seem backwards to some to regress to the Ethereum-based environment, as more cross-chain oriented marketplaces form, every token everywhere is going to become more greatly represented as a fragment of the greater crypto movement overall as they become increasingly more connected together.

WLEO was a glimpse of that, albeit one that was shortly tarnished due to unforeseen consequences. Yet perhaps a greater case example might be in the DEC/ETH pairing for Splinterlands.

While arguably still in its infancy, Splinterlands is providing a universal use-case in blockchain gaming and rapidly adding the ability for crypto-users everywhere to take their favorite crypto and store it in an easily interchangeable platform. Why not get a little use out of your store-of-value crypto by pouring it into DEC and cards where you can ultimately pour it back into your favorite blockchain at a later time? It's the interchangeability that solidifies value and arbitrage opportunities.

At large crypto has been far too fragmented with embedded rivalries between blockchains. As such, the most outdated chains have often served as the greatest stores of value despite their poor performance for the expected needs of tomorrow.

Yet as new token communities take form, the ability to integrate into the greater de-fi movement will allow them to become more founded as tokens that can retain value as long as interest in their projects continue.

Our small token communities here on HIVE do not have to be isolated silos cut off from the wealth effect of the crypto community at large. When they integrate, they can become powerful forces that leverage network effects and technological advantages that the other crypto communities lack.

Posted Using LeoFinance Beta