After a successful first token "Bro" which has and is doing very well here comes another token.
My first reaction was f that however after thinking about it i think i have changed my mind.
Here are problems and possible opportunities IMHO
Its a new token with nothing to back it
All funds will be taken off chain and COULD disappear
Long term investment
"Its a new token with nothing to back it"
Not a huge problem as all tokens start with nothing to back them. In this case you have a creator of the project that has a track record of doing the best he can and in the benefit of his token holders.
"All funds will be taken off chain and COULD disappear"
This could be a warning sign to some however after investing in HBT which does the same this is not a negative. Yes it requires trust but so do the rest. Just because a token powers up or does something funky with the funds and are visible on the blockchain really means jack all. They still have your investment and you have a "token" gesture in return. Funds that are taken off chain and bring in more back on chain is a massive benefit to the hive ecosystem.
Hbt was the first to do this and bro silver will be the second which in my eyes is a huge positive. Every other token including Bro just milk the hive blockchain there is no other magical income or any benefit other than token holders profit but overall is a net negative. The way Bro Silver is set up it brings in funds off chain and also feeds Bro which will offset some of its net hive emissions( yeah I just made that shit up)
Only other problem is the price as its not a stable coin, which it could be set up as with a lil bit of creativity, means if you buy today at eg 15c in a few months it could be 5c so your making money and losing it at the same time.
Overall after an initial "nah blud" I have decided to grab some for sure. How many? No idea lets see what the finances say as it will be a long term hold
I don't need to mention DYOR coz if your dumb enough to listen to me and throw your money in you deserve a.....
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STOPIs the token already out cause I don't got any hive right now.
It is out and will be on sale for around 2 months then remainder will be burnt so you have enough time as there wont be any returns for a while yet