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RE: HIVE Engine Speculation! Could the HIVE Token Be Overshadowed?

in LeoFinance3 years ago

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.

hiveengine.jpg

Question, can H-E tokens be traded elsewhere already or is this a possibility for the future at all?

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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.

leodex_stem.png

As an example here is the information page for MEME (https://leodex.io/token/MEME)

leodex_meme.png

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)

metadata_meme.png