I’ve always thought about accumulating plenty hive-engine tokens. In my thoughts, I dream about how I’m going to use $1 to buy thousands of units of a particular token. Little did I know that the hive-engine is not a $1 marketplace.
Don’t get me wrong, there are a handful of projects you can still collect thousands of their tokens with just $1, but are you really in for that ride?
They’re not really that bad at all.
A good number of these projects have developed intelligent and smart use cases behind the tokens which gives them a competitive advantage. They have developed proof of brain rewards systems to recognize and curate high quality deserving blog posts in exchange for burning their tokens. If you understand what burning means you know this is a real smart move.
Burning a token reduces the circulating supply of that token, limiting the supply and making it scarce in the market. With a good and continuous or stable demand for the token, the value of the token rises with the demand, inevitably satisfying the demand and supply rules.
Low Supply > Higher Demand > Higher Value
This means that you can actually send $1 to the market and fetch yourself some good medium-to-long-term investments.
Many of the engine tokens have this use-case that will make them always in-demand. All proof of brain participants will gladly burn some almost worthless token to boost the recognition for their content. There is just so much effort put into writing a blog post to have it go unrecognized, so why not?
There is a good use for your $1 after all. :D
Hive-Engine is not a $1 marketplace
Lately the game tokens have had my attention, more like they’ve caught my eye. To say they have my attention would mean I have been watching them closely and studying them, but I’ve not really studied them just yet. I have only encountered them in one or two occasions and I’ve been dreaming of getting some.
I’ve dreamt of collecting a lot of SPLINTERLANDS tokens; the game token (SGT), splinterlands (SPT), the packs, the booster packs and the land tokens. I didn’t really think much of the price they would be at but I know for sure that I wasn’t expecting anything close to what I saw. I hoping a to use a few couple of bucks to fetch a little handful of each one. Obviously I couldn’t do that.
SPLINTERLANDS showed me that it is already where I thought it has the potential of getting to. And that made me realize that it is meant for great things and that I should quickly get myself at least a plot of land and settle down and watch the magic show it is about to perform.
I responded, abracadabra 🪄!
The idea that bore this post came from me winning 1 Splinterlands Chaos Legion Booster Pack from a poshtoken contest and it making my engine tokens wallet looking really good. Before this, I never really thought there was an engine token that is worth up to 1$. ‘Cause I had a few couple of tokens, some tens and some hundreds, and all of that put together could barely make it to a dollar.
In my stroll through hive-engine/swaps, I realized that there are engine tokens worth as much as 800bucks per token! At the time of writing (7:47 GMT) the Splinterlands Land Tract (TRACT) was selling at a whopping price of $805.17442. Beast!!!
With the mass adoption and activities and interest being built around the SPLINTERLANDS game, these amounts are not going down any time ever! You are not too late man.
I’m moving to the splinter-lands.
Hive-Engine is not a $1 marketplace
No, it is not and yes, it is.
As much as there is SPLINTERLANDS and the likes of it, I don’t think the low capped tokens should be overlooked or underrated. In fact, that is where you want to be at. So you can enjoy the ride and live the moment you missed with the SPLINTERLANDS.
Remember this from above.
A good number of these projects have developed intelligent and smart use cases behind the tokens which gives them a competitive advantage. They have developed proof of brain rewards systems to recognize and curate high quality deserving blog posts in exchange for burning their tokens. If you understand what burning means you know this is a real smart move.
Thank you 😊
Thanks for passing by.
You can support my blog with your upvotes, reblogs, comments, and or a follow.
See you in the next one!
Cover photo made by me with photogrid
