Hello @tommycordero. Welcome to the age of programmable currency.😁
There isn't much to worry about. All of the Hive Engine tokens (such as MEME which is rewarded mainly through https://www.hiveme.me) are second layer tokens of the Hive token. Most tokens are earned by curating and upvoting content which is on the Hive platform. If you want to encourage more of a certain type of content to be posted on the Hive platform creating a community and token for that content is a great incentive for content creators.
Second layer H-E tokens help to maximize Hive rewards. On the tribaldex.com, hive-engine.com, and leodex.io exchanges the H-E tokens are generally valued in reference to SWAP.HIVE which is just the same liquid Hive token that would be in your account wallet if it wasn't on an exchange.
Of course, as the creator of MEME I am a little bias.😁
Meme Source: @bhattg
I see...so a good use for this would be in the scenario that you wish to reward a type of content but you don't have the HP to incentivize creatos by way of voting just yet. Instead, you try to create some sort of loyalty program around a newly created token to reward the creators of the content you wish to support. I now understand how these tokens can add value to the network, incentivizing creation within, thank you @memehive
You've given me a lot of think about, now I'm wondering what advantages buying these tokens have from an investor point of view 😋
I guess, depending on what type of content the H-E token is meant to support, quick assessments can be made by looking at the DEX books, in relation to what the community might think is lacking on HIVE at the time.
Question, can H-E tokens be traded elsewhere already or is this a possibility for the future at all?
A few tokens that were originally on steem-engine before migrating after the Hive platform forked from Steemit have EOS counterparts that can be exchanged elsewhere. I am not privy to what Hive-Engine's plans are but their focus now is Web 3 and smart contracts so I would be surprised if in a few years atomic swaps weren't commonly available for H-E tokens to get BTC, ETH, et al. on decentralized exchanges.
As an investor if you want information on a H-E token use the link https://leodex.io/tokens and click on the i in a circle on the right hand side of a token's listing.
As an example here is the information page for MEME (https://leodex.io/token/MEME)
For the more technical metadata of a token's smart contract use the link:
https://scot-api.hive-engine.com/config?token=XXXX
and replace "XXXX" with the token's symbol.
For example again using MEME (https://scot-api.hive-engine.com/config?token=MEME)
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more