Currently, the token is a Steem Engine token, which can be found in your wallet at steem-engine.com or in the token area of the Keychain wallet.
We are temporarily also providing token rewards to our delegators as a means of distributing the token. This also helps us in benefiting journalists with curation.
Our token is meant to empower decentralized journalism and we are working to provide utility to the token. Although the Hobo Media team does not currently buy or sell these tokens, Hobo tokens are available to be purchased or sold on the Steem Engine market.
Interesting. I will have to take a look at it. Is there a plan to create value with it?
We are intending for this token to be useful to journalists and products and services that relate to them.
Will that give the coin value though?
We cannot legally make any promises as to its potential financial value. We have every intent on making it useful for journalists and journalism organizations, this is all we can say about the token at this time.
The Hobo Media team neither buys nor sells tokens. We gift them for free to people we believe do work or tasks worthy of a donation in our token. We believe the cryptocurrency world needs cryptocurrencies that can be earned rather than bought with dollars, euros and the like. The Hobo token aims to be a more easily earnable token.
Additionally, for those that wish to support our efforts to empower decentralized journalism we provide the ability to delegate a minimum of 5 SP to @hobo.media to receive tokens for every entire month delegation occurred. Token rewards for delegators is cumulative, however, rewards will also halve over time. For example, last month delegators received 1000 tokens for every 5 SP delegated, but starting from this month rewards have been halved to 500 SP for every 5 SP delegated.
Cool, thanks for the info.