Hello @spinvest readers,
@metzli here welcoming herself back. As some of you may remember, this blog was my Tuesday Spot, where I took the time to highlight different Hive-Engine tokens.
Today I would like to discuss different types of Hive Engine Tokens
All tokens are not created equal.
Some tokens are meant to give you governance over tribes, or what I like to call "mini Hive hubs."
For example, the more LEO tokens you HODL, the more governance you have on the leofinance site. The more POB you HODL, the more governance you have on the proofofbrain site. The More NEO you HODL, the more governance you have on the neoxian.city site. WEED helps you rule weedcash.network, and so on and so forth.
HODLing "governance" tokens makes you sort of like a business owner. The more you have of these tokens, the more you own a part of a tribe. Owning a large percentage of a token, means you have more power at a specific tribe.
Please note that these "governance tokens" don't give you ownership of a token. For example, it does not matter that I own 3.5 million BLOG tokens. I have zero power there anyway, because the owner of the site keeps selling an insane amount of tokens for cheap.
I could buy millions upon millions more, and it would not matter, the blogtoken site owner could just decide to dump the project, and I would then own lots of governance on a dumped project.
But I digress...
Point is, that some tokens, give you clout on a certain site, and owning them, give you power there.
Other tokens are not governance tokens at all, but a different beast
For example, the @spinvest token SPI.
Although it is the original, it is not the one and only. There is also BRO, Utopis, SEED, and probably lots more.
These types of tokes do nothing for your upvote, but they are wealth builders. When you buy these tokens, you are buying a chunk of a mutual fund.
Each token has its own investment mechanism, but the point of them is roughly the same. Owning this type of token, means that you own a part of the wealth that these tokens are earning.
If you own SPI, you own a little bitcoin, Eth, some gold, LEO, and other goodies. You can see the exact amount of the wealth you HODL in the weekly reports.
If you own SEED, it means you are owning a chunk of wealth that @empoderat is building for SEED Hodlers.
Although you can do whatever you want with these tokens (your monkeys, your circus), they are not really meant to be buying and trading and moving around. They are meant to HODL and build long term wealth.
Sure, you can scour Hive-Engine, and buy and trade them to make small HIVE gains, but the way to win with these is to HODL long term, and have your wealth grow long term.
Some of the tokens, like @elianaicgomes points out in yesterday's post are actually slowed down buy the constant "flipping" of the token.
Others, like SPI, don't really make much of a difference for how much you buy and sell them on the Engine for. Those of us who HODL, know that even if someone dumps them on Hive Engine, and the price of them becomes cheap, they still stay backed by Bitcoin and other assets.
Another type of token, is the rewards token
I am talking !LUV, !Engange, !Beer, !Wine, or !Pizza
I am sure there are more.
The point of HODLing these tokens is kind of like tipping people.
Someone left you an awesome comment? You can give them LUV or Pizza to thank them.
People who receive these tokens can either HODL them, and save them up until they too have enough tokens to call on the rewards bot, or they can sell them on the engine right away.
Usually these types of tokes are backed by the community who uses them.
An interesting market to watch is the LUV market. It is so small, that sometimes it swings violently. Right NOW you can get some super cheap LUV, but sometimes, you have to pay as much at 0.2 Hive to get your hands on some.
So there are three types of tokens on the Hive-Engine
What other types of tokens are there, and which are your favorite to HODL?
