A Closer Look at Hive Builder Token: A Hive Engine Token Review AND Buy Incentive
Hello @spinvest readers,
There is a buy incentive at the end of this post!
This week we are looking at Hive Builder Token.
Hive Builder Token came to my attention when a fellow SPI investor messaged me, letting me know about the opportunity. Their website is not up yet, but they do have a "Coming Soon" sign that is the same color as their branding, which is a promising sign.
Their Hive-Blog is active, their last blog having been written 4 days ago. It was their 5th update and it seems like they write an update once per week.
The tokenomics are on a rinse and repeat cycle
What those who run the token do is:
- Collect Hive From Token Sales
- Invest the HIVE in different on and off platform projects
- Take some of the profits and buy back tokens
- Burn the tokens they bought back
You Buy The Token for ONE Hive, You Sell the Token for 2 Hive
This way you control how much profit you make and how fast. Do you resell for a low price right away or sit on the tokens waiting to make a bigger income?
Part of the game is to purchase the token for the suggested price of 1 HIVE, but you can put in your Hiver Order for as much as you want.
Then after you receive the token, you sell the token back at any price higher than 1 hive.
The team buys back your token the lowest priced ones first, and the difference between your buy price and sale price is your personal profit.
Its not money out of nothing
It does not make sense that a club can sell tokens for 1 HIVE and Buy them back at prices higher than 1 HIVE and stay alive as a viable project, but they seem to be pulling it off. They make their money, by:
- curation
- off site staking
- arbitrage
- splinterlands
- posting
They are also considering adding games to their project.
Even knowing their game plan, the mechanics seemed too good to be true, so I tried it out
I started off by selling two tokens that I had in my Engine Account (Whenever someone suggests a token to me, I buy 1-2 HIVE worth as a bookmark) which I am pretty sure that I bought for 1 HIVE
I put in a sell order for 2 tokens for 1.1 HIVE each
It sold two days later, and I was able to profit 0.2 HIVE from two tokens.
At the same time, I had placed an order to buy 10 tokens for 1.000000001 HIVE Each (I wanted to make sure my buy order was at the very top)
My order was fulfilled again fairly fast.
However, the sell order selling 10 tokens back at 11 HIVE is still sitting there. I am fairly confident that the tokens will be purchased back, as I am the first seller on the list.
If you are an interested investor, you should be able to look on HIVE Engine in 3-4 days and see if my tokens are purchased back. If they are, then you will see for yourself that the rinse and repeat cycle has worked at least twice.
There seem to be lots of parts that need to keep moving to keep this project succeeding.
- People must keep buying the token
- They must continue to make a profit with their strategy
Their moving parts though, are all part of the formula. There is a use for the token: handing cash over to other investors to grow. A plan to buy back the token, which will keep the price from tanking, and a plan to burn the token making every token worth more every day (but only if the off hive investments stay "winning").
The real question is how long do those running the project want to keep playing for
There is a buy wall of 445 HIVE which is about 100 USD, they also hold $245USD off site, and have some splinterlands teams working.
Will this project keep getting bigger and bigger, or will the team behind the token get bored?
Their stats show steady growth, but how much time can a team invest, when the numbers are relatively small?
I hope lots, because those of us looking to grow our crypto holdings on a slow and steady basis could really use a token like this.
You can buy your tokens here:
https://hive-engine.com/?p=market&t=HBT
And now for the buy incentive.
It is clearly stated in this post that I am an investor in HBT and hold 10 tokens which I am trying to sell for a profit - however, neither myself @metzli nor SPI have been paid to review the token (with exception of author rewards)
An HBT token buyer who also happens to be the person who told me about the coin, would like to encourage investors to buy. He has given me @metzli 10 CPT Miners to give away to those who choose to invest at by purchasing at least 10 HBT. Purchase 10 HBT tokens, and brag about it in the comments, and I, @metzli will send 1 CPT Miner to your Hive Engine Wallet.
Limited to first 10 buyers
Please note that both myself and SPI suggest you do your own research before purchasing any token
So buy your 10 HBT's post here, and then receive your CPT Miner, but do so after doing your own research
Then rinse (place your sell orders) and repeat (purchase more tokens) and come tell us in the comments all about your profits... or losses.
Posted Using LeoFinance
Sounds to me like the project depends on simply parasitizing on the inflation of hive and fomo. We have enough of those. I'll stay away... for now.
This comment kind of reminds me of the lego movie... at the end, every body needs to BUILD no matter how weird or insignificant a thing they are building, because by every body doing something, they stop the bad guy...
The Double Decker Couch.
I have a bunch of kids... if anyone wants to expand on my deep analogy, please do...
Thank you for your comment, I like readers to see positive and negative comments.
Did you just call me a double decker couch? That's the sweetest thing i have heard in a while! ❤️
Everything is awesome!
Posted Using LeoFinance
Me too
Posted Using LeoFinance
I did respond with my other account first, but with this account I bought 5 hbt and sold them with for 1,14 hive each.
Now I’ve got a new order for 5,5 hbt again for 1 hive. But am thinking to change that to 1,000001 hive to make sure the order gets filled sooner.
Does this count or should it be 1 order for 10 hbt?
I will say it counts ... sent you 1 CTPM.
Come back and let us know how your investment works out.
Oh thanks, I will let you know
My sell order was just bought again. Took a couple days, but this time I got 19% profit out of it.
I have now placed a buy order of 6 hbt for 1 hive each.
Now I have to wait again for them to sell to me for 1 hive.
They sold all their phase 1 tokens. Now they will be buying all the tokens they sold back.
Looks like they have 600+ more tokens to sell before they buy again.
The highest buy order is for 4 HIVE. I'll have to decide whether to take the "fast" 10% profit or wait for the bigger payouts.
Bit late, but that explains it.
I'm curious if they will keep buying back even at a price of 4 hive.
Two days ago they did another buyback. Highest price 1.4 hive. So that is 40% profit for the seller.
That is supposed to be their model. They will buy them back up to 5 HIVE each token.
That's what they say.
Wow, then next time I won’t sell them so cheap as the first time. I was quite happy with 14% profit..
Apart from the off-site staking I'm not a big fan of just sucking out inflation and wrapping it and then reslling it, I did buy 10 tokens now, set an order to sell at 2 HIVE lol see if anyone ever fills it
I was going to update the post to show that my sell purchase went through, but I see you bought it, so that's not really proof that the "rinse and repeat" is working.
I'll bet 10 hive on almost any project. Little lottery tickets, so I am interested in playing along.
I wouldn't say they are simply sucking out inflation, they do claim to do some off site arbitrage and they are investing in splinterlands. I do prefer SPI's leasing out HP instead of harvesting from it.
Sent you 1 CTP Miner.
LOL so you safely pulled off a pump and dump with your post, you're part of the shill fest now!
I'm just hoping to see more projects look to bring in external value into the ecosystem, like with LEO's ads buy back program, I think there's a lot of potential in that and we can fund these projects through these tokens and get dividends. Let's say the token issuer uses the capital to buy I don't know collectables and sell them that I think is worth getting onboard with, but maybe I'm old school and don't get this new wave of money making
Thanks for the CTP miner, will be staking that bad boy
Yeah, LOL but at the same time, this may be the last time, I do a "buy incentive"...
I like the projects that figure out how to multiply funds and spread wealth. I also like the crowd funding ones, the ones that take a bunch of tiny investors and give them a voice.
Posted Using LeoFinance
Good post.
This is maybe something to put 10 HIVE into but not much more, i personally don't take it as a serious project as it's to small fish and they take a huge whack of token sales incomes for "management" costs. SPinvest has zero costs so i always laugh when i see this.
Good honest review :)
Posted Using LeoFinance
Thank you for bringing up the "management costs," that is definitely something that should have been in the review.
Thanks for taking the time to read and comment.
Posted Using LeoFinance
Well written post.
Personally less investors better for me as I will own most the tokens and will determine what price they get bought back.
There is a freeze after 10k are sold and a certain percentage is bought back and burnt before next 10k are sold.
So if I hold enough at that stage I get to sell around 4-5 hive before the next batch get issued.
I will I make 3/4/500% im the same time ime frame anywhere else?
Simple answer No lol
That's a great point. I did not realize there was a 10K at a time lapse. Maybe next time I circle through, I will HODL 1 to sell it back at more expensive.
Thank you for bringing more information to our readers.
Posted Using LeoFinance
Hi @metzli, thank you for the great write up about our token, we re-blogged it! We would also like to point out a couple of things in regards to the post and some comments:
#1. People must keep buying the token - This is not true, we are not reliant on token sales for delegation or to generate profits from tokens already sold. We have approx. 6.5k Hive power delegated from team members that will stay in place for the foreseeable future. We also have 1.5k Hive powered up, giving us a total of 8k hp to fall back on if there are no more token sales... and Hive curation is only one way we generate profit. If we sold 0 tokens from today we could easily buy back all of the tokens sold from the funds invested.
#2. They must continue to make a profit with their strategy - Yes, while this is correct we are not reliant on token sales to generate our profits. The funds already invested will continue to generate profits regardless, as to safety of investments... The only real risk here is Hive going down, we stake funds in top crypto currencies, sites, and other track proven methods of generating profits with very little risk. For example USDT, XTZ, Binance, Nexo, and others.
#3. Sucking out inflation and wrapping it - This is not true, yes we do use Hive curation as part of our profits but this is a small amount in comparison to our off-site funds and we do not post every day to avoid sucking out too many funds from the Hive reward pool. The reason we keep some hive power and delegate some hive power is so we can upvote some of our token holders that we believe post good quality content. This is an extra incentive to buy HBT as you can receive a few upvotes while waiting for your sell order to be filled. (no staking necessary)
#4. Bringing funds from external sources - We primarily focus on bringing in external funds to the project in order to buy back our token. This is where the 40% of funds go from the off-site staking funds. For example we run a small arbitrage bot that will slowly generate us a profit and the more funds available to this means the better returns. We also run multiple other bots that help to bring btc, eth, doge, and other crypto currencies into the token buy backs from external sources.
#5. Management costs - We do understand that 10% may seem like a lot to some, however there is a lot of work involved in maintaining bots and the other sources of income. Currently this is over 20 hours per week for 2 people and it will grow as the project grows, we expect to eventually require multiple full time developers.
We hope this helps to clear up some of the points made, and we thank you again to the whole SPI team and @metzli for the great write up!
Thank you for your response!
It is always good to hear straight from the source.
I like the idea of management costs. Nobody works for free and every project should have a $$ reward for the manager.
Thank you for clearing up my misunderstanding behind token sales. Of course, all HIVE based projects, have their HP to fall back on, that is part of why HIVE is so amazing. When I review other tokens from now on, I will be looking at their HP as one of my review points.
Just bought additional bunch of HBT after latest announcement about new limit of 5K as for 1st Phase
@metzli if offer for 1CPT miner is still valid? :D
Just sent it over, thanks for tagging me.
I saw that announcement too - seems like sales picked up a bit.
Good morning, I have bought some HBT tokens, specifically 100 units, I will test the strategy. Greetings @spinvest