If so, which ones, and why? And if not, same questions again.
source - pixabay
If you've passed by and checked in on some of my posts over the past year, you will know that I have been collecting Steem-Engine tokens, mainly through buying and curating, and with a some content production too.
The recent changes have been a bit of a curve ball, and the Steem-Engine tokens have suffered badly. I've long thought that many tribes could do much better with regards to negating shit-posts, and disappearing bad actors, but the turbulent times over the past couple of months have really put a lot of sell pressure on all the tokens I keep track of.
However, Hive-Engine now seems pretty much ready to go, and the tribe owners have been busy re-positioning themselves on our new blockchain, Hive. I must admit I'm not completely clear on the current costs for tribe owners, but I am under the impression that those that hold tokens on Steem-Engine will receive the same number of tokens in either a swap or a drop. I think a swap makes more sense in theory, but I'm not sure as to the complexity of each approach.
That doesn't really matter to the end user and token holder though, what matters is that the tribes and our tokens will live on, so why all the selling?
The end goal, I think, for many of the tribes will be for their tokens to be available as an SMT, or whatever it will be called when they finally arrive. Attracting people to Steem/Hive, especially during the bear market has been tough, but a bit like the SteemPress (HivePress?) plug-in, curators will no longer have to come to a Hive interface (hive.blog, peakd) to read content that is being rewarded in HIVE, or a tribe token.
These 'outposts', on WordPress blogs or sites keen to embed the comment+rewards mechanism, could well draw users to the 'central' sites, but it may not be a deal-breaker if they don't. The site owner may just wish to curate the comments on their own site, with Hive Power as fuel and a specific token relating to the content they are producing. Either way, the Hive name should gain publicity, and hopefully, more holders and investors.
Many of the tribe tokens have been around for coming up to a year now, and even though prices are rock bottom, they are still ticking over - content is still being produced, and curators like myself are still doing the rounds most days, to support those putting the time in.
I do suspect that not many of the tokens will make it to SMT, but I'm fairly confident that the LEO and STEM will not go down without a fight. LOTUS (#naturalmedicine) is another that I think is suitably niche, and the content topics produced under that tag/in that community continue to be popular.
I'll stick the usual disclaimer about this not being financial advice, but I do think that some of the tokens look cheap right now. Anyway, I'm going to continue collecting and see what happens. Is anyone else doing the same, or are you running for the exits?
Cheers
Asher
Nope, not paying attention to that anymore. Still something ongoing?
It does seem so :)
The time of tokes probably was 2017 😅
LEO and STEM are my tips 🙏🏽
Do you have to vote your comments? We can do better on HIVE!
I dunno man. I think my biggest stack was the CCC which I've held. I haven't been using the tribes because I'm confused where my work ends up and I don't want it anywhere near Steem. I dumped a lot so far. Pissed off I didn't do it sooner. These tokens simply don't 'work' without consumers buying them to curate with. Of course I think everyone is getting sick of me saying "consumers." Even the SMTs will follow the same road if the business model depends of a few speculators while attracting only content creators who would want to sell. Blah. I just sound like an old man yelling at clouds.
Them clouds though, deserve a piece of mind from time to time.
CCC content is great to look at in places, the concern I have is that the bucket is rather large, and many posts fall in, whether wanted or not.
Steem, Hive, and every other token, due to the way things work, could really do with a stronger, wider market. Even 50 cents to a $1, things would look much different.
The hope is that 3 more years under the belt for DPOS will count for something in the future, or it could all disperse like a cloud feeling the heat.
Hmmm. If only Hive had some kind of 'product' a consumer would typically be interested in spending their money on. If Hive had something in common with most people on the planet, we'd be on to something. I wonder what that 'product' could be though? Hmmmmm. I look around and don't see anything. Hmmmmm. Crypto market is kind of small. Not many know or care about it. I don't think your average person would want to spend money on that. Hmmmm. I'll need to think about this more. I'm going to go watch a couple videos on youtube. Would you believe people donate money to these content producers now? It's crazy. And they're just throwing their money away but I guess they like it. I also have a book to finish. Damn thing cost me a few bucks. Can you believe they charge for that? Insane. It's too bad we didn't have that kind of stuff here, man. I think a cryptocurrency would thrive if combined with how those silly consumers spend their money. Oh well. I'll guess we'll just keep thinking about this stuff and trying to find a way. ;)
Please continue Your talking about consumers. I think it is one of the more reasonable ideas going round to give Hive it's special purpose.
I think I will. I also know I've said it a million different ways already. It would be great to have a few more minds in on this, fine tune it. The content creators know it, because it's obvious. They want more people actually enjoying their work and more people with votes big and small willing to use them. And it's not selfish. The consumer is getting something. The entire economy gets a boost because of that paying consumer. The consumer is getting what they want, in the form of the things they enjoy, whatever that is. I can't even wrap my head around why someone who might develop these apps wouldn't want them to actually thrive. Yet I feel some think I'm crazy when I bring this up. It's so strange to me.
And I enjoy those reads every time.
I was thinking today that maybe trying to set up something similar to Patreon but running on Hive could be a very interesting Dapp. Making it easy for people to buy Hive as a way to support their favorite content creator with the perK that they also get a return on their investment. I worry that for many content consumers the difficulties of being on Hive proper might be scary and more complex than they want. Just giving them basic tools to support others would in my mind be the best way to go.
@tipu curate
A huge hug from @amico! 🤗
I'm just here patiently waiting for SMT's, since 2017...
haha yeah, it's been a while, 2021?!
I thought, from an early part I read that everything was starting from scratch again on hive. When I read that I lost all interest. It works be good if someone could correct me if I'm wrong
Yeah that was the first plan, but I think now it's going to be token swaps and drops, with not much outlay for the tribe owners if they move sharply.
Could be some bargains around?
That's alright. In fact that is much better. To be honest I was a bit horrified at the first plan and refused to look at any more nonsense about it. But that's far more honourable!
Indeed. So I'm hoping there is a resurgence when the dust settles, or i'll just hold these bags forever :)
where to look for reliable update on this changes (Steem to Hive)?
@aggroed's blog is where I go.
I didnt know engine tokens moved to hive. Thays cool
Steempress moved, my posts and related comments come to hive and yea if I had enough engagement I would use my vp on comments, but that's not happening and I dont think it ever will
Miserable bugger :P Of course it's going to happen - end of the year!
@paulag love he called you a miserable bugger 😂😂😂
I think I will have to seek revenge 😂😂😂
why thanks @Asher and there I was actually genuinely missing our chats for you to call me miserable...nice....payback will be sweet 😂😂😂
It has been a few days since I went back to Steem-Engine, I was selling and converting so I could get more Hive Tokens. I wish I had started my power down three days earlier than I did on steem, because then I would have had enough for the ionomy airdrops, it looks like I'll be a bit short again on Friday, but it is not here yet one more small power down on my alt account, and I'll see.
I do plan on leaving about 800 Steem powered up for now, just to see where it all shakes out at in the end. I am not sure if I will be collecting any Hive-Engine Tokens yet or not, I am still kind of waiting on the first real Hard Fork of Hive, to see what is changed, does the change point toward progress or more of the same-ole-same-ole.
It would be nice I think to see Smart Media Tokens implemented on Hive, I think a re-naming is needed for them though just so there can be no claim of copy right issues with the name.
Ahh, is there another ionomy drop this week, I might move some Hive over there then.
I have heard a few mention they will keep some Steem powered up, or in liquid at least. You never know how high JS could shill the coin, even though the fundamentals look worse with every move he makes.
I do think the SMTs will arrive, but I'm long done with guessing when :)
Yes Friday, minimum of 300 Hive to get the air drop, @jrcornel did a recap of the first airdrop, he did pretty well and was pleased at the time, I haven't seen if he is going to try airdrop 2 or not.
I didn't cash out during the airdrop run as I thought the token prices are gonna factor in the airdrop cost into it later. But tokens kept on sliding down further!
In fact, I'm still picking some tokens from my power downs.
BTW, what's your take on tokens like ENG and Q (after Qurator discontinued their tokenized dividend on Hive)?
Sliding and sliding, well at least they can't go lower than 0 :)
I have heard ENG is pretty much done, and wouldn't consider buying any of those. And Q I know little about, so can't really say much about that one.
I keep staking LEO... I think at the end we will find a good compromise
LEO is probably my favourite to make it through these dark times.
I had given up on them and written them all of. If I (we) get anything it will now be a bonus. Got a large stash of some too.
Stuck them in the bottom drawer. Yeah, a few bags over here too, fingers-crossed :)
Agree, fair comments and I think you are right... it's been a hard slough as a tribe founder... How about FOODIE? We've been running along at a good clip... slaughtered with the rest of the tribes but coming on strong on HIVE. We've been running with the PEAKD community and have started to get a good uptick. Our site now crawls HIVE only (still some older Steem posts and still rewards in SE FOODIE tokens.)
We are in the process of migrating it all over to HIVE and probably doing a quick brand update. Things have been moving, then on hold, then moving... everyone is cooking/creating and posting with the isolation we are all experiencing. More to come on FOODIE, so stay tuned on that.
Yeah, FOODIE is quite promising community.
What about NATRL (Natural Products)? Seems abandoned?
Lol, hope so.. room for two 'natural" related tokens was pushing it 😂😂😂😂😜😜😜💚💚💚💚
Sheesh, yes it is the one.
End plug
:P xx
Yes, it's sort of languished and hasn't been focused on out of respect towards the natural medicine folks... at the time of the FOODIE kick off NATRL was given a 1:1 airdrop. It will likely be phased out with the move to Hive.
Honestly, I've not heard much about FOODIE, and think there are other more well established tribes that could soak up this content. There is certainly a good amount of grub knocking around on the chain though.
I’ve all but not cared much about SE tokens it isn’t even worth it apart from leo! They’ll really need to do more to get supply in line with the production of content and income from ads if they want to build solid ecosystems!
Also until hive gets light accounts like we spoke about on steem for easy logins it’s really far too hard to onboard! All the fork talk took so much resources and now we still on square 0.1
So nice to see your faith in LOTUS. We are hoping to make switch to HIVE soon.. expect your Air drop! 💚
Sweeet! Wish I had a few more LOTUS, I might have to do a little shopping :)
Yes since they are moving eventually to hive. There's no reason not to. I'm a big actifit fan among others.
my biggest tokens are Stem (on ste
emgridcoin), Pal, Neoxian, sport and actifit.Yeah I'm a fan of @actifit and the team also, I hope they can keep moving and be a part of a bull market.
I hope your other tokens do well also.
I clung onto mine thinking there'd be swaps/ drops - besides it was hardly worth selling after all the panic! In fact I even bought a tiny bit more Leo/ PAL, not much.
I bought a million DEC today too. Mind you, that's kinda different to the rest.
ONE MILLION. Nice :)
Yeah that's what I think, no real value in selling at present, I've also bought a little and will continue watching for what i see as discounted through fear.
I am collecting CBM of @cryptobrewmaster. This is a token of new crypto beer game , alpha version to be launched in mid April.
Anthoer I have not heard of but will go take a look. Good luck!
cheers bro!
I think Leo is doing good among all the tribe, I might be collecting those in the future once they come to Hive-engine.com.
I'm pretty sure they will be dropped or swapped and if so, the lows could be close?
Though we cannot predict anything, I guess it will further go down.
I have a number of tokens collected in various SCOT tribes, and I even used to post from some of the free-standing front ends in support.
I'm holding onto my tribal tokens for the moment, but had pretty much written them off (at least in my mind) as being anything other than lost. But if we get to keep our balances on Hive-Engine (a swap?) for the tribes that switch to Hive, that would be awesome, and I would continue to support several tribes.
So, at the moment I'm just watching and waiting to see what's going to happen. I have a vague understanding of how this will go down for tribe owners, but not really what will happen for those who are simply staked in various tokens.
I think they are worth holding, as much as I think they aren't really worth selling at this price.
Watching and waiting with bags in hand, me too :)
Steem-Engine token are basically worthless shit tokens and that's because nobody speculates on them on any major exchange.
Perhaps - but what if they become the first HMT?
The same condition for significant valuation applies. Any HMT will have to be listed by on exchange for it to have any value.
I think PAL and HUNT are/were listed somewhere and so it's not out of the question, but not in the nearest future I guess.
I'm waiting for more info, since it's not clear to me whether owned tokens will be transferred or not....
I didn't cash out - I was too late for that - and atm, I'm not actively trying to earn any, and I'm not staking. I want to see where this goes first
I think that if your content fits the bill, it's still worth adding the tags in. Hopefully things will become clearer soon enough.
Yeah, I do add some tags. I know naturalmedicine, dblog and neoxian have moved/will move to Hive, but that's about it
I think LEO and PAL have moved too, and pretty soon they'll all be there, surviving....
I am still continuing to accept and stake them. My hope is that they will be swapped over to Hive and then when HMTs are ready will convert to those.
I still think they are a good ideas as for me they were a good introduction to trading and as a content creator it was nice to be receiving a little extra on my posts.
I have the same hope also.
And the S-E space did give newbie trader like myself the chance to dabble, I think I did OK overall.
I never thought SE tokens were a very good idea. 10-20 is perhaps fine, but we quickly had 100s. It didn't work with ERC-20 tokens (most of them) why this time it will be different? Same thoughts will apply to SMT/HMT whatever.
My question is why this planet need 1000s of tokens? Why we need 1000s of crypto for that matter.
The bear market in alt coins; which is permanent in my opinion, is a clear reflection of that. Without a clear use case no token should exists. It does not matter which side-chain, which main chain you are talking about.
Inflation of the token is a key thing. Any token with a billion or trillion supply have no where else to go but zero.
During 2018, a one point, I use to own, 60 different coins/tokens. I have regretted as one of the most stupid financial thing that I have done in my life. I have sold them all, at pennies on the dollar. I plan to learn from that mistake.
Currently I own only 4 Crypto-currencies. I plan to get it down to 3 in the next 78 days. "This time it will be different" ? Really?
I definitely agree that there are far too many SE tokens, and the token economics mostly range from poor to absolutely terrible.
A permanent alt-coin bear market, that's one way to look at it :) I suppose it depends what you class as an alt coin - ETH?
4 -> 3, I wonder which one is on the way out? :)
BTC, ETH and Hive. I strongly ask myself all the time if ETH is a shitcoin. But at least it has some projects on top of it, and that chain is busy...
I haven't logged in to steem engine in a long time I assume I have a pile of uncollected tokens. My only holding of consequence is creative coin, which I believe is switching to hive but I am not up to date on where that process is, or if I have to do anything myself. I suppose I should look into that! My hope has been that creative coin could do something with the NFT capabilities of steem engine to do something like Makers Place, basically set up a way for artists to create tokenized version of art, and use creative coin to pay for the cost of creating the token. If that happened it would provide a use case for creative coin beyond simply... hold it LOL