Pros And Cons Of Hive Token Creation - Personal Opinion

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This article is truly personal opinion so you can give your argumentation to some points that I would like to present here in the post.

Hive engine enables everyone to create hive tokens that based on hive side chain. I do not have much knowledge technically. There are some benefits and disadvantages of the creation token economically. I will discuss the token creation economic issues here .

PROS

  • Hive users will earn multiple rewards.
    Some tokens are created with side chain platform and their interface. Leo with leofinance.io, neoxian with neoxian.city ctp with ctptalk.com and many other token platforms. Hive users will earn rewards in the token if they use a certain tag or post using the front end of the side chain. Economically, it is great benefit for hive users.
  • Hive users will find the room for their interests.
    If you like food topics, you can use foodie tag. Leo is for business, cryptocurrency, and other financial and economic news and issues.
  • Users have multiple assets.
    Hive users will have multiple asset in one hive account. When the asset grow, users will have high value properties on hive.

CONS

  • Conflict of interest of using hashtag.
    Some tags public tag but when the tags are used, the feed post will appear in the platform of the hive tribe front ends. These tags are public tags like food, science, sport, motivation, business, film, movie and other public tag. When using those tag, the post will appear in the feed of hive tribe tokens. Everyone is free to use the tag though the post doesn;t have relation to in whole points. I am afraid that hive tribe token users will be disrupt with using of the tag. leo, ctp, and neoxian are private tags. Using those tags will have responsibility to match with the platform. Users of the tribes or admin of the community have right to give warning of abusive action using the tag.

  • Hive tokens hyperinflation.
    There are more than 50 tokens in hive engines. On the other hand, hive users are very limited in numbers. I am not sure the data but my prediction the active member of hive not more than 3 million users. With the only small numbers of users, will make circulating supply of liquid assets will be shared to small fractions of hive tribe tokens.
    The highest marketcap is Leo. It is about $6 M. Others are only under $1 million. While the trading volume is leo the highest. It is about $7,000. There are many tokens that have trading volume under $100.
    When there are too many token creation, there will be hyperinflation of hive tribe tokens. Those tokens will loose the value because most users will put the liquid asset into the most valuable tokens.

  • Money making game for fake developers
    I will not point to a developer of hive tribe token. This is just a worry if there will be some users use hive creation token to gain their personal wealth. They do not really create the project that bring hive more accepted by non hive users but they just create token to pull liquid asset from other hive members. This is very sensitive topic so I will say that this just a worry.

Suggestion

I am not a developer and do not have much knowledge to in economy. I am a user that try to collect some hive tokens. I am disappointed that the token do not grow in value. Why leo is the most growing asset token in hive? It is because leo developer target the market not only hive users but also all cryptocurrency users. The team with Wleo targeted ethereum users and with Bleo targeted binance smart chain users. The market opens broadly that is why leo token price surpasses hive price. While other tokens creators compete to hive users attention, leo move more advanced.

  • Increase the bee token fee to create new tokens.
    By increasing a fee in bee token, new developers who want to create new projects should have high liquid assets. To gamble with low cost creating token, the developers will thing many times.
  • Developers work together with existing token developers to make more dapps.
    I think this will increase the value of existing token. Leo developers are proved to be successful increase the value of leo token by creating some dapps.

Thanks for reading the post. I know the topic is sensitive and I apologize for that. This is dedicated to make hive better in the future.

Don't forget to upvote to help me make better contents and follow me @lebah because I will follow you back!

Posted Using LeoFinance Beta



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