Steem/Hive Tribe Tokens | 50 Weeks Later...

Steem/Hive Tribe Tokens | 50 Weeks Later...

By costanza | costanza | 11 Jul 2020

It has been over a year since Steem-Engine (later Hive-Engine) was released introducing the tribe tokens. For a long time, I have been tracking some of the prices. These are the results 50 weeks later.

So basically for those who are not familiar with tribe tokens on Steem/Hive. There is a second layer on these blockchains ( steem-engine and hive-engine  ) where everyone can create their own token or community with a native token. Those that create these tribes can choose how many coins there are, how the inflation and staking/upvote model works, and so on. They also can opt to get their own domain which will show only the posts on the Steem/Hive Blockchain that have their specific tag which also makes them qualify for these tribe tokens on top of their steem/hive earings.

These tokens can be traded. When I started tracking the Price of Steem was 0.212$, the price of Steem now is 0.214$ and the price of Hive is 0.23$ currently. These are the results on some of the tribes & coins...


Some of the other coins I tracked
AFIT -72% | APX -80% | DEC -66% | ...


Basically, almost all these tokens have seen a huge drop in price because there are little to no fundamentals with the only real reason to buy them is to earn more of them.

BIG Winner = LEO


From all the Tokens, LEO is pretty much the only one that is thriving and up in price. In a way, deals with similar content as Publish0x with the main difference that it has it's own token. Some of the reasons it's the only one that did well so far...

Advertisement Revenue & Token Burning
The fact that the project is actually having some advertisement revenue which is used to buy and burn tokens gives the LEO token some fundamental value. There is also no crazy high supply unlike most other coins and the team is doing a great job keeping track of all the numbers in the Weekly Statistics Update Post


The platform has actual development and multiple products like LEO Dex (which also provides a token burn) & They also actively try to promote the platform on social media and run adds to get more readers & bloggers (See Leofinance 1st Anniversary Post). From what it looks like they won't stop here and continue growing the platform.


Personal Experience

Without a doubt, Leofinance clearly stands out among the other tribes. It does, however, use the same upvote and curation model Hive is using which I believe is fundamentally flawed when it comes down to creating a front page that puts the articles the majority sees as the best and most valuable on top. I wrote an entire post on this last month with reasons How Publish0x fixes many of these issues. The dynamic how Leofinance upvotes are directly linked to Hive upvotes and the only thing that can be done is to add a multiplier also makes things overly complicated and annoying. On the other hand, the fact that you are able to get upvotes on Hive from @leo.voter when using the platform to publish your content really does make a difference. Overall big props to the Leofinance team though as they have done an excellent job especially when comparing it to all the other tribes and coins that lost 98% of their value.

If you are already blogging about anything finance-related and want to increase your audience possibly earn some coins in the process, checking out might be a good idea!

I bought some more LEO so I'm up to 1000 LEO Power to qualify for the airdrop from which the snapshot will be taken tomorrow and will continue building this as I'm quite confident for the project on the long run. My multiplier is currently set at x10 but I still have to add more accounts to follow and upvote on I also continue to accumulate LEO and started buying DEC as it's seriously underpriced at the moment which will come in very handy in the near future.

Leofinance Curation: If you post quality content and are in it for the long run wanting to get curated, make sure to check my @upvoteshares Curation Project which has been running for 2 years now also providing upvotes for Leofinance content!



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