Hive-Engine Tokens: All Those Many Tiny Little Numbers!

I'm a big fan of Hive-Engine, and one of my favorite things about Hive is the way people can create communities, and then create their own "second layer" to support or incentivize their communities.

Or even "just because they want to."

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Of course, after the years we've been doing things in this community, there are more of these tokens than any reasonable person could even hope to keep up with.

But I'm a curious cat, so I check my Hive-Engine wallet regularly, and since I'm a dedicated PeakD user, I check the constant stream of tiny transactions that seem to constantly be flowing through my wallet:

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I look at these, and I can't help but wonder whether any of this will ever amount to anything.

I have my doubts, but I suppose we can't rule out the possibility that people get a small sense that "something is happening," and are encourgaed thereby.

Not trying to be disparaging here... after all, I have managed to stack enough of certain Hive-Engine tokens that actually have well beyond "dust value."

But those of any value are few and far between, compared to those that have absolutely no value.

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And there are quite a few I don't even understand how are generated, in the first place. I try to look them up, but it remains unclear whether there's some specific tag that triggers a curation reward... because there's no community, and no free-standing front end.

As in, "will I be rewarded with CAT tokens, if I use the tag MOUSE?"

As far as I am concerned, one of the things Hive is definitely missing is an easy to understand summary or database of all Hive-Engine tokens and how they actually work within the ecosystem... from purpose to tokenomics.

It seems unlikely that such a thing will ever happen, mind you.

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After the turn of the year, every year, I painstakingly go through every single non-zero balance in my Hive-Engine wallet and send all the dust balances to the @null account to be burned... and to give my wallet a more tidy look and feel.

And it's really surprising just how many of these tiny little amounts of fractional tokens show up in the course of a year.

I guess token creators are just hopeful that htye'll come up with the next thing that catches a lot of people's imagination!

I'll just keep on saving them!

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What I don't like are token creators that abandon their projects without public announcement. That, to me, is tantamount to a loss of credibility.

I agree entirely! That always comes across as if the original intention was just a sort of "cash grab."

Now, I have learned my lesson. I won't join a token project that is not based on the Hive blockchain. We can't do anything once they either freeze the withdrawal or the website suddenly disappears.

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Yup. I would love to know more about Hive engine! I don’t understand what’s going on there.

As I see it, it's a way for people to easily create their own tokens... maybe for their community, or for some game or something.

Most of the time it doesn't seem to work out, although there are a few that do semi-well.

There is great opportunity here to create, if people love a second layer token they should invest time and resources to it that is how projects and communities thrive.

The only way projects fail here is due to bad managment and giving up.

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Seems like a lot of those token creators just give up when they discover that it's not as easy as they thought it was going to be... and that success takes time to build.

I've only been here for a like 12 days or something and I have collected quite a few random little tokens already. One's seems to be connected to an account that constantly downvoted, others have funny names.

Does burning them do anything other than get rid of them?

It took me quite a long time to understand how much of this actually works.

I try to save the ones that seem to have at least a little value, and then maybe I'll sell them at the end of the year... end up with a few extra Hive, if I get lucky.

The ones that seem pretty well worthless I typically burn (send to @null) just to do my tiny part of get them out of the ecosystem. Whether it actually makes a difference remains to be seen.

I do enjoy hoarding things. But yeah, there's a lot of nonsense coins that don't seem to be worth anything. I do like proof of brain though.

Most of them are just crap. The economics of most of them simply don´t work - or only for the token creator.

Indeed, most of them are pure crap. Either they were just not thought through... or the token creators had no idea that building something successful actually takes work!

Let me do the comment and say, I love to look at those little numbers, stake them and sell them all by the end of this year as part of my plan to get 80% out of crypto by the end of 2025. But I am curious if all those little numbers will add up to something that would pay for dinner or !PIZZA

I keep stacking mine... sadly, it often seems like I end the year with twice the number of a token I was saving, but the value of twice as many tokens is about the same... or even less.

I don't think most of those creators know anything about sustainable tokenomics.

You know hi e blockchain gave everyone freedom to build a sustainable business on hive. Just like you said, carefully stacking those with value today and those without value because no one knows what the future holds for the token

We can but hope that at least some of them will end up having a little value...

So many layer 2 tokens, Some with positive values while others are abandoned.
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Abandoned, more often than not, it seems...

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