Hive-Engine Tokens With Question Marks
Since we're nearing the end of the year, I decided I'd perform a Hive-Engine Layer-2 token audit. Which tokens do I hold, and which ones do I want to continue to hold going forward?
I'm glad I took a look. I currently hold 73 L2 tokens, and some of them I have no idea how I acquired them. Heck, I have no idea what many of them are even for. Do they have utility? Where is the value derived from?
I'm certainly not against L2 tokens. Some them I actually like having (hello LEO). Others, I can take or leave them. But, being that it's near the end of the year, I'd like to ensure that I'm keeping ones that will likely appreciate in value or at least provide some utility. If they do nothing or hold no value at all, then I'd just as well dispense with them. You know, trade them for a token that is likely to appreciate in value or provide some type of utility. Maybe even convert them to HIVE and powerup, or to HBD.
The question is, which ones do I keep and which ones do I throw? For that, I'll ask for your input. Below are a list of tokens I'm considering dropping. In the comments, let me know if there is any reason why I should a specific token.
The list is broken into two parts: Red Flag Tokens and Yellow Flag Tokens.
Red Flag Tokens are tokens that I've had since the beginning of the year (or before) but I have not accumulated more than just a few. In some cases, their associated websites appear defunct, which implies the tokens are inactive and therefore worthless.
Yellow Flag Tokens are tokens that I might be accumulating in small amounts but I have no clue what they're for or how I'll use them going forward. Probably, in some cases, I know I wouldn't use them.
Red Flag Tokens
The tokens on this list are tokens I have just a small amount of and haven't increased since I first acquired them. I've held most of them for a year or longer, and I'm not gaining any more of them. Why should I keep them?
- BEATCZ: I've got a tiny amount of BEATCZ. Hive-Engine describes this token as the official token of BEATCHAINZ, a network for musicians. I'm not a musician, and their website appears defunct. Created by user @polarmystro, who hasn't posted to Hive in four years, the small amount of this token I have is staked, but I see no benefit to staking it. Should I keep it?
- BHT: The Broadhive Token is associated with another defunct website and has no description at Hive-Engine. Created by @broadhive-org, a user who hasn't posted to Hive in three years.
- BUDS: Another token with no Hive-Engine description and a website link that goes nowhere. Creator @hashkings has not posted to Hive in over a year.
- BUIDL: A token with a description that seems plausible but, again, the website is inactive. Creator @build-it last posted to Hive six months ago.
- COFFEE: COFFEE has no website associated with it and no Hive-Engine description. Its creator has not posted to Hive in two years.
- DEC: DEC actually has some utility. The official in-game currency for Splinterlands, this token is useful. But I doubt that I will use it, for very personal reasons that I've discussed before but don't need to go into right now.
- FOODIE: Here's another token with some utility, and a community, evidently. Creator @foodiesunite is still active on the blockchain. But I'm not a foodie. I have no interest in this token.
- HUG: Nice tagline on Hive-Engine, but no website. Created by @hug.bot, who hasn't posted in two months.
- IDD: Unless there's something I'm missing, the description for this token is over-the-top ridiculous ("The Indeed token is used to tip and show agreement with posts and comments you wholeheartedly agree with in the Hive community"). Isn't that what the HIVE token is for? At least creator @borniet is active on the blockchain.
- INK: Created by user @craftink, who hasn't posted in over a year, I have no idea what this token is or what it is can be used for.
- LUV: I'm all for spreading love (luv), but do we need a token for that? User @crrdlx posted two days ago, but this token has some level of usefulness. I guess the idea is to tip people if you like their post, but you have to hold at least 10 tokens and all I have is 8. Help!
- LVL: It appears this is the token for the Psyber X game on Hive, which I've never played. Creator @saltyreptile hasn't posted to Hive in four years. Is this game still active? Does anyone play it?
- PAL: PAL was an active community at one time. Creator @minnowsupport hasn't posted in four years.
- PESOS: This token actually has a live website, but I still can't tell what the token is about. The Hive-Engine description says it's a collectible for use within "the decentralized network of community", whatever that means. Creator @pesos hasn't posted to Hive in six years.
- PIZZA: I like pizza, but I usually eat it. This token appears to have some utility, but I'm not sure what it is beyond tipping people. I'm sure I've received Pizza from people who randomly tipped me with a few tokens here and there, but I don't have enough Pizza myself to tip anyone else. What else can I do with this? The website is active, and it seems like a thriving community, but what do they do exactly? This token's creator (@pizzaexpress) joined Hive four years ago but has never posted.
- SCRAP: This game looks like it would be fun to play. I don't know how I ended up with game tokens when I've never played the game. Creator @terracore hasn't posted in two years. Is anyone playing Terracore?
- SIM: Here's another game token, but the dCity website redirects to the BeeSwap interface. Creator @dcitygame hasn't posted to Hive in seven months.
- SQM: This looks like another game. From the title, I'd think the idea was to pretend you're the CEO of a fictitious company, but the website doesn't explain very well what it actually is. It's poorly designed and confusing. Creator @cryptocompany posted to Hive last month.
- STARBITS: This is interesting: pretend you're a musician and earn crypto like a rock god. I'm sure that appeals to some people. Creator @atomcollector hasn't posted to Hive in two years.
- THGAMING: Another gaming token. This time, the link goes to a Linktree. Token creator @jim-crypto hasn't posted to Hive in a year.
- THIA: ThiagoRe is described as "a blockchain-based social media platform for EOS & Bitcoin content." On Hive? For what purpose? Creator @thiagore joined Hive three years ago but has never posted.
- WINEX: Let's have some fun. Fun! Fun! Fun! That's all I get out of the Hive-Engine description for this token. Created by @winex, who hasn't posted to Hive in three years.
- WOO: I'm glad wrestling enthusiasts have a community, but I'm not a wrestling enthusiast. The creator of this token (@wrestorgonline) appears to still be active on Hive. But why should I want some WOO, the governance token for a community I'm not a part of?
I'm open to pitches. Tell me why I should want these tokens? Otherwise, I'm ditching them. Make a convincing case and I'll consider keeping the ones for which someone can make a good argument.
Yellow Flag Tokens
This list is shorter than the first one, but I'm still wondering about these. This list is full of tokens I continue to accumulate in small amounts, but I wonder why.
- BBH: Created by user @bradleyarrow, who appears to be active on Hive, I don't know what this token is for. The Hive-Engine description says the goal is to have 1 BBH equal 1 Satoshi. What then? Why? What does it mean if that happens? Why do I need Bitcoin Backed Hive? Is it truly backed by Bitcoin? If so, where is the Bitcoin wallet that holds the bitcoin backing this account?
- BBHO: Hive-Engine says this is the native token for the BBH project. If so, then what is BBH? Why have separate tokens? Hive user @hive-112281 created this token and last posted 3 months ago. The situation seems bleak.
- BRO: I used to hang out with creator @raymondspeaks on Discord back in the day before the infamous Steem-Hive hardfork. His Brofund was created then and appears to still be active. I never really got into it, but I did enjoy watching him build his community. What do you know about BRO? Should I keep it?
- CINE: This is the token for a film and TV tribe. That sounds cool. Their website appears active, but I'm so busy I don't know that I have the bandwidth to get into it. Created by user @cinetv, who hasn't been active in almost a month.
- DHEDGE: Hive-Engine says to delegate Hive Power and Hive-Engine tokens to receive DHEDGE. I'm guessing that's why I have some. I do delegate Hive Power. But what can I do with DHEDGE? The website doesn't appear to be active, and creator @taskmanager hasn't posted in two years. Meanwhile, my DHEDGE tokens have stopped accumulating. This should probably be on the Red Flag list, but it sounds intriguing. Does anyone receive dividends for holding this token, or is it a dud?
- JAHM: The token of "of Reggae & IRIE Vibes". Another music token. Sounds interesting, but why should I keep it? Creator @reggaejahm hasn't posted in four years? Active token, or another dud?
- PHOTO: I see people using PHOTO, but why should I? The Hive-Engine description says it is used to reward people for quality photos and images. That sounds pretty cool, but I don't know why they need a website. Creator @hivephoto hasn't posted in two years.
These are the tokens I'm on the fence about. Should I keep them or throw them? Make a convincing case and I'll consider keeping them.
Your turn. Convince me to hold these or I'm ditching them.
Posted Using INLEO
BBH: Created by user @bradleyarrow, who appears to be active on Hive, I don't know what this token is for. The Hive-Engine description says the goal is to have 1 BBH equal 1 Satoshi. What then? Why? What does it mean if that happens? Why do I need Bitcoin Backed Hive? Is it truly backed by Bitcoin? If so, where is the Bitcoin wallet that holds the bitcoin backing this account?
BBHO: Hive-Engine says this is the native token for the BBH project. If so, then what is BBH? Why have separate tokens? Hive user @hive-112281 created this token and last posted 3 months ago. The situation seems bleak.
Have you taken the time to read any of my long form posts? I explain every day what the tokens do, why hold them, and the rewards. Have a read and let me know your thoughts then :) !BBH
Thanks for the response. I'm very busy, so if it requires a lot of time trying to figure it out, I'm not likely to invest the time. What I'm looking for is some reason to make it worth my while. The fact that you responded is a big step because I suspect a lot of these tokens are dead and I don't really want to keep things that have no intrinsic value when I can trade them, at the very least, for more HP, even if it's a tiny amount. I'll do my best to read some of your posts when I have the time. Again, thanks for responding.
Thank you so much, quick note, my project was 5 years old on 25th Nov. So I been around working on it for awhile ;) !BBH
Cool. Happy birthday to your project. If @alonicus thinks it's a good project, it can't be bad. I'll have to find some time to check it out. I'm moving it to the Yellow Flag list, for now. :-)
Thank you so much :)
Hey, checked your wallet and didn't see any WOO tokens there. We are still very active on Hive. You ask,
That is really more for you to answer, but since you don't look to have much let me tell you about some ways you can earn more WOO tokens, WOOBucks, and other awesome tokens.
You could log in every day to our website to earn log in bonuses. We recently released a post that discussed our new updates to the daily log in system.
You can earn WOOBucks, our (non-transferable) internal credit system, by logging in every day. Each WOOBuck is $0.01 USD which can be used to buy new pack releases. The longer you maintain a streak the more you earn as seen in the post and here:
We also are giving you more staked WOO tokens and WOOGYMBAGs (FT pack tokens that mint NFTs) for hitting specific milestone goals as seen in the post or here:
So, you can earn more just by signing into our game every day! Why would you even want to earn more tokens for logging in? I'm glad you asked. WOO tokens can be used in "Raffles" to earn some awesome prizes including real life wrestling merchandise, it can be used to buy new pack releases for the game, it can be staked and earn an APR, or you can use it to get discounted tickets to a local wrestling show.
There are more things you can do with the token, but if you have no interest in playing the game or interacting with the community then you could always burn them by sending them to @null
Thanks for the great response. I'll dig into this a little more. I wouldn't be interested in the merch, and probably not even the wrestling tickets (although some of my East Texas friends and family might! lol). As for the value of the tokens, that might interest me, but I'll have to learn a little more about it. Again, thanks!
Level 2 or Tribe Tokens is a whole new internet rabbithole 😁
You can get them in all kinds of ways; posting or commenting in a relevant community where they give them as rewards, through drips and tipping tokens, or as a result of tags you've used in posts.
Personally, I'd say BBH and BBHO are well worth keeping (and in the case of BBHO, staking). With BBH, there's weekly drip rewarding you with other tokens, with the more BBH you8 hold the bigger the rewards. More importantly, @bradleyarrow is one of Hive's most active members, and runs both Hive and Hive Engine nodes as well as theBBHproject frontend, so is well worth supporting.
I keep Pizza because I play one of their games, but gaming tokens generally are something I sell unless it's for a game I play.
Many of the others are tokens where the creator has lost interest or moved on, but the token lingers on long after they've gone.
I sell the vast majority of tokens I get, turning them into SWAP.HIVE to buy more of ones I'm interested in. Staked EDSI pays rewards in liquid HIVE, and POB and BEE are can be staked then delegated to earn small amounts of liquid HIVE.
Thank you so much :) !BBH
Thank you, my friend. I really want to learn more about the L2 game, There doesn't seem to be much information about how to navigate tokens on Hive-Engine. No tutorials that I've seen. And no easy way to learn about them on one's own. I see a lot of opportunity here, but it takes time to search out the information to figure out what it's all about.
I hope you used our LP when selling your $THGAMING! Good luck with your L2 and Hive journey going forward.
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I haven't sold them yet, but I'm looking for reasons to keep them. If I see none, I will sell them.
I wish there was more Tokens on #DLux Knowing that most of the tokens are on the centralized HE database makes me nervous.
I'd never heard of DLux. I had to Google it. Looks like a cool project, though.
It's pretty old it was launched almost a year after the fork. It's a dex L2 for Hive. But not enough development going on nowadays and not sure about the token creation.
Hi, the LUV token is "on pause," meaning the bot and a !LUV command does nothing. You hit on the reason, a token is unneeded to give love. (I just thought why not give both? Kind words and a token.) But, there was abuse and it grew spamming. LUV can still be sent or whatever, but that's totally your call. FYI the !HBIT token is still kicking.
crrdlx, you mined 0.9 🟧 HBIT and the user you replied to (allentaylor) received 0.1 HBIT on your behalf as a tip. You can receive 100% of the HBIT by replying to one of your own posts or comments. When you mine HBIT, you're also playing the Wusang: Isle of Blaq game. 🏴☠️ | tools | wallet | discord | community | daily <><
What's more, you found 1.0 🟡 BLAQGOLD coins as a bonus treasure token!
Your random number was 0.4013292289849639, also viewable in the Discord server, #hbit-wusang-log channel. Check for bonus treasure tokens by entering your username at a block explorer A, explorer B, or take a look at your wallet.
There is a treasure chest of bitcoin sats hidden in Wusang: Isle of Blaq. Happy treasure hunting! 😃 Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.
Thanks for letting me know. Too bad about the abuse/spam. I appreciate you giving me the heads up.
BTW, I just checked out the !hivebits project. That's pretty cool! I'll have to remember to do that once a day. lol
allentaylor, you mined 0.9 🟧 HBIT and the user you replied to (crrdlx) received 0.1 HBIT on your behalf as a tip. When you mine HBIT, you're also playing the Wusang: Isle of Blaq game. 🏴☠️
Sorry, but you didn't find a bonus treasure token today. Try again tomorrow...they're out there! Your random number was 0.7309707802700751, also viewable in the Discord server, #hbit-wusang-log channel. | tools | wallet | discord | community | daily <>< Check for bonus treasure tokens by entering your username at a block explorer A, explorer B, or take a look at your wallet.There is a treasure chest of bitcoin sats hidden in Wusang: Isle of Blaq. Happy treasure hunting! 😃 Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.
The !IDD token is !INDEED ;-) a token that currently only doubles the use that a HIVE upvote already has. The idea is to make it an extra income token, under the MMB umbrella (Maximum Mutual Benefit).
Unfortunately, due to already being incredibly busy + some other priorities in real life, we haven't advanced as far yet as planned. But still active here, still working on it, still growing.
Should you keep it? No, perhaps not, but selling it won't bring you too much right now, and the intention is to make it more valuable in the (hopefully near) future.
Cool. Thanks for the response.