Dear @happyvoter, @achim03
Another interesting read. upvoted already :)
Today, 10 months later, the value of 1 Hvote token is 0.6635 Steem! This represents an increase of 26.38% or something of 30% per annum
That's very true. However first question many people would ask - is this token providing some liquidity? If there is very little (or zero) trade happening then it's easy to push price of the token up, however at the same time it may be not possible to sell it within such a price (or not possible to sell it at all).
No offence Achim, but HVOTE for many people out there may look like another token, which is trying to "milk the cow" (cow = steem blockchain).
Cheers, Piotr
Hi @crypto.piotr,
Thanks a lot for your upvote and your comment.
When I speak about the token value of Hvote, I speak about a theoretical value which is the Steem Power of the underlying account divided by the number of tokens in circulation. This is not linked to a market directly and doesn't necesserly reflect the price of the token.
30% of the liquid steem that is generated by the account every week flows into a buy-back fund. With this amount, every week some buy orders are put on the market so that people can actually sell their tokens. This might not be enough of course but like that every week some tokens can be sold by users at a fair value. This is much better than what most other tokens offer in my eyes.
No offence taken but I don't agree with your assessment. Let's say you buy a Hvote token for something like 0.65 Steem. This means that you have 1 token and 0.65 steem will be on the account of happyvoter. At the end of the week 100% of this will be powered up. In my opinion this is the contrary of milking the steem blockchain since every purchase increases the steem that is powered up...
Have a nice week-end my friend
Best regards,
Achim