Hello again. When you take a break from writing, people really get cold. I have a lot of topics in mind to share content. However, after a certain period of time after a certain previous post, I cannot write. Today I threw my laziness away. I'm here with a new topic.
image
Several tribal projects have been announced, focusing on various areas and general content. Most are well managed. And the improvements continue. However, in the last few months, many tribal project tokens have lost 80% of their value. There are many reasons for this. However, due to high inflation, limited buyers due to the fact that some of the Hive Blockchain users are aware of tribal projects, users find savings attractive instead of purchasing, overwhelming initial investor pressure from a few people, and reward providers, etc. We can list the reasons. In this post, I will talk about a few methods that I think will prevent tribal tokens from depreciating. I have a tribe that I created. At the beginning of the project, I made an announcement that "the value of $0.01 fluctuates around". Later, we announced that it would be volatile for various reasons. Although its value has dropped in Hive terms since the project announcement, the coin is still fluctuating at $0.01. Let's get to the suggestions;
Adjust the token supply.
Author awards and curation awards should be highly rewarding. And the coin supply should be balanced enough to prevent the coin from becoming trash. It is mostly stuck between these two propositions. These two extremes are one of the most important issues affecting the depreciation/appreciation of the token. Token supply should be regulated by taking into account the trading balance. A balance has to be found between depreciation of the token or a slight decrease in user revenues.Reduce inflation.
Pay attention to token burning. According to the primitive rules we know; "When the number of something decreases, its value increases." Token burning works most of the time. E.g; Take a look at the Stem project. What will users do if they do not want to sell the tokens they have obtained and do not want to stake again? Consider the ways in which users can evaluate their tokens. For example: create liquidity pools. You can do this at Tribaldex.com.Develop the project.
If a project remains as it was when it was created, it will become out of date. Too many alternative projects will be created, and some of the users will inevitably switch to different projects. It is imperative that there be continuous improvement in the project. The main method for maintaining the buyer-seller balance; to keep the attraction alive.
I have one more thing to say; We can implement various methods to prevent the tribal project tokens from depreciating. However, the tribes are dependent on the Hive blockchain. Therefore, depreciation/depreciation in Hive coin affects tribal tokens a lot. We all know this. Efforts can be made to reduce Hive dependency in tribal projects. Such studies will also contribute to the Hive blockchain. E.g; You can check out the Leofinance tribe.
As a result, the methods I mentioned will prevent the tribal tokens from depreciating somewhat. However, applying only one or two methods unfortunately does not provide a permanent solution. What do you think about this?
See you in new posts. Stay tuned.