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Reflections on Hive-Engine! by revisesociology

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hive-167922 · @revisesociology ·
$31.99
Reflections on Hive-Engine!
We've had a good run on Hive-Engine, it's been a relatively easy place for all sorts of projects to mint their tokens and so help develop their projects. 

I've certainly enjoyed dabbling in a few tokens over the years and have done OK out it, more than OK in fact, especially if you factor in how small-fry Hive-Engine is: it's the kind of place you might invest $100, probably not the kind of place you'd invest $1000, at least not in one go!

### Two overwhelming layer 2 success stories on Hive/ HE....

The two projects that really stand out are LEO and Splinterlands, but I think these stand out as they have evolved beyond Hive-Engine. 

Leo in terms of creating its wrapped tokens on BSC/ ETH/ Polygon and now ARB, quite an impressive list, and hey they tried with the Cubs and they failed, but that's all part of evolution. 

And Splinterlands obviously with its whole pack/ card and land infrastructure, obviously so much more than just tokens on HE. 

However in both cases Hive-Engine remains a very convenient place for us regular Hivers to trade in and out of LEO and the various SL assets. 

### Other evolvers...

There are more examples of HE projects that have gone beyond mere tokens... Rising Star, DCrops, Woo, Weed. 

I think ZING will end up doing well in the long run too, clearly ZING the HE token is just a launch thing, the game is already looking to expand well beyond HIVE!  

### Tag tokens pointless...?

I'm not so convinced about the various 'tag tokens' we have - where you can earn them just by staking and tagging and that's it/ 

What actually prompted this post was the recent announcement that CentG is being trashed. This is/ was the governance token for CENT, and I do like that CENT pool with Hive but I'm left wondering - what is there to actually govern...? CENT just seems like just a token, not a lot too it: buy it, stake it, pool it, earn from it, hope other people buy more so you can profit from it.

Same can be said for ONEUP which I did very nicely out of early on, but since has just declined in price because basically there is not a lot to it! 

PORN used to be like this, I bought a lot of it for the lolz, didn't spend that much on it, but now it's gone to nothing, DPORN doesn't exist anymore, I think the same will be being said for MANY tag tokens...

Remember SPT, SPORTS, STEM... It could be a fun activity to trace back to some posts where various people were bigging these up back in the day but then people just got bored of them! 

Of course LEO started off just as a tag token, but it's evolved into so much more than this, especially now LEODEX is back as a swap-system that connects us to other chains, now that is EVOLUTION. 

### Savers and SUB tokens are interesting....

There are some tokens, for example SPI where you get a share of an investment package, and there's a whole suite of them, I like this idea, HE is a good method for this, IF you trust the issuer. 

And the @stickupboys recent SUB token is nice, where you own some future royalties in one of their albums.  

### BXT...?

@gerber's BEESWAP token, you earn it for providing liquidity for HIVE-HIVE.SWAP, staking it and for the BXT-SWAP.HIVE pool. 

I guess if you believe in HE it's worth a Vest, it's a smooth service! The price has done OK over the months too... 

![Screenshot 2024-04-11 at 12.43.37.png](https://files.peakd.com/file/peakd-hive/revisesociology/23tGTmTN38RqGxWwdze4xTagQ2K82Zcd1fXnYdjumzoZso2WjFprYZbuzichiPGVDy8eN.png)

But this is, if you like, the very opposite of a project evolving beyond HE, it is PURE HE! 

### Hive-Engine final thoughts...

I think the thing about HE is to look for projects that seek to evolve beyond just minting tokens that you stake and get a return on. 

There has to be an other beyond-HE use case! 

It's a nice place for small projects which are based on trust to evolve and develop, but I'm not sure I'd be happy Vesting more than £100 in any one particular project on HE, I've just seen too many projects disappear and go to 0! 

Posted Using [InLeo Alpha](https://inleo.io/@revisesociology/reflections-on-hiveengine)
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@adamada · 
There has been a recent series of tokens going on limbo status like CTP, ARCHON and shutting down [DHEDGE](https://peakd.com/dvs/@dhedge/shut-down-undelegate-now). There's a limited pool of viable choices to put some money on.
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@antisocialist ·
$0.06
H-E would have been a good pressure release valve had hive mass adoption occurred years ago, but now I think it will struggle to find relevance once vsc is fully active.
Not all projects succeed.
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@revisesociology ·
$0.09
I think it may have had its day too+
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@bitcoinflood ·
$0.06
The biggest issue with most Hive - Engine tokens is there's nothing to back them. These projects need to find ways to inject money value into their token  and it's honestly the big issue with Hive besides needing hive to broadcast on the the blockchain is the only real real you hold hive over these other tokens.

These "layer 2" options provide no real value and oddly the ones that do ok are dividend earners which I'm pretty sure are super illegal lol it's just they are so small of market caps that no one cares.
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@revisesociology · 
I agree - no utility for most of them. I guess any div token sold be registered somewhere technically..? !
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@denmarkguy ·
$0.06
I think you've summed it up nicely.

Most of these tokens — even the ones billing themselves as *"investment tokens"* — have absolutely no *value proposition,* which is essential.

But they perhaps offer a good *"sandbox experience"* for someone toying with the idea of launching a token-based project of some sort. 

I believe much of what has to happen with the whole Web 3.0 circus is the understanding that *tokens* cannot be *"the product."* The product has to be something people want or need or use, *regardless* of whether there's a token attached. Wanna create a game? Make it a game interesting enough that people actually become invested in the *GAME,* not just the *token.* Or start an actual *business,* that might have a token attached.

Web 3.0 is no different from anything else... only the *framework and delivery system* is different. You still have to offer something of *value.*
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@revisesociology · 
Nicely put that's pretty much my take on things!
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@heruvim1978 · 
DHEDGE with its DVS is closing down.
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@revisesociology · 
Oh really! I sold all of mine well over a year ago!
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@phoenixwren ·
$0.06
My favorite second layer token is EDS, one of the SPI family tokens. I earn a weekly Hive income for hodling, and upvotes for hodling over 100.

The one that annoys the piss out of me is that shitcoin - BIT? BITS? - that someone keeps dumping literally billions of them into wallets and inflating the price so somehow it reads in the wallet as if it's worth something when no one is buying it, and everyone has their billions listed for the absolute lowest possible price on H-E. I think the price inflation is because one person (I think the issuer) buys like .0005 Hive worth every now and again to keep that price point. It literally can't go any lower, they just keep airdropping so many of them the sale list is in the trillions at this point.
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@revisesociology · 
I do quite like those SPI tokens - with the BITS token either buy low from an alt or just send them all to null!
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@rentmoney · 
I agree with your overall thoughts. No use-case will eventually lead to HE tokens USD value being next to null. SPT stands out to me as a token that could of been with still a glimmer of hope in it. The appeal for some of us that held/stacked SPT was the thought that it one day would be included in the Splinterlands game to some degree or another. The chances of that now happening is looking bleak.
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@rzc24-nftbbg ·
$0.06
My top 4: $LEO, $CENT, $DRIP, and $ZING.
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@revisesociology ·
$0.02
Nice choices!
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@steevc · 
Most tokens on there have no real utility. I have enough of some to be able to give them up, but there's no other reason to buy them. I'll still take what I can get. It's fun to play around with trading tiny amounts on there. It helps fund my Rising Star addiction :)
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@revisesociology ·
$0.04
It is best just treated as a bit of fun HE like Hive more generally!
👍  
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@stickupboys · 
Ye nice one LGN and BRO have withstood the bear and are good tokens! Apart from Leo tribe tokens basically dead lol
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