Most H-E tokens are shit.
They are shit for a very simple reason. The reason being that they have no purpose or value. Look at all of the community tokens that have been started over the years and with a few exceptions they are worth little to nothing a year later.
Why would i buy and hold a free token that has no use other than printing more tokens that also do nothing. LEO is an exception as they have built utility into their token over the years, revenue into their token and want to bring it cross chain in the future. On top of the chains that they have already expanded into.
Then you see games like splinterlands who have real assets on H-E and you can see actual volume and price movement on them. Tokens need to have a purpose otherwise they have no value.
I had a lot of the community tokens and hoped that they would build something similar over time to add value to their community and sinks for the token. A lot talked about it. Very few did it.
So if I'm going to buy tokens that do nothing i might as well buy memes. But memes are shit so the next best thing is to start buying @gifu or in this case swap gifu.
$GIFU is a deflationary utility token on the Binance Smart Chain that supports Giphy artists and their work.
It is based on BSC but has a 1:1 match on Hive that I can purchase quickly and easily swapping a few of my other do nothing tokens for one that i hope will gain in value over time rather than lose it.
GIFU token is a meme token built on top of the Binance Smart Chain. It will grow to a custom built platform to incentivise giphy artists to create custom gifs for projects.
Investors can buy this token as a meme token and after time will be able to sacrifice tokens to pre-order their own made to order gif set.
The team themselves are experienced in crypto and GIF creation with the concept being to provide a GIF building service to the wider crypto audience and bring value back to the token through sales of work and trades of the token itself.
As always do your own research but I'm buying into the utility of this new token and with a supply that will decrease as it gets more popular hope that buying a nice stack early will lead to nice profits later.
So far I've picked up 1.9M tokens but would ideally like to get to 5M at least in these early stages. I could sell Hive or Splinterlands assets but those are my bankers so it will have to be done slowly and steadily from here selling off the smaller bits and pieces that come into my account and buying small amounts of GIFU instead.
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