The PRECIOUS Token Airdrop is due to end in just over a month. Considering the current value of the Precious project with it’s operating account, it’s fair to say that the previous value of the PRECIOUS Token has been under par for some time. When it comes to putting a Fair Value on a token like this it can be a bit tricky and maybe even contentious since the token itself has no explicit use case. However, since the token represents stake in the project itself it DOES have value and I firmly believe that value is higher than it’s current trading price on Hive Engine
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Since the Airdrop began almost 2 years ago I’ve maintained Buy and Sell Walls for the PRECIOUS Token at 0.10 and 0.13 Hive respectively so that SGS members can trade in and out of the token as they please. Today I have raised those buy and sell walls to 0.14 and 0.17 Hive respectively. This is a bit of a jump, but it's not too excessive and it is now a little bit closer to what I would consider Fair Value for the token as we move into the back half of 2025.
Hopefully this re-pricing will also give project participants some confidence that the token is not just going to be abandoned. Even though there hasn’t been any development of use cases there is still some significant value in the project and members can trust that the success of the token will mirror the success of the project into the future. There can be no guarantees of course as there are many factors that could affect the project that are out of my control, but I CAN promise that I will continue to do my best to ensure that the value of PRECIOUS Token holders is protected.
This makes me wonder if the Value of the Tokens will be priced in the new Cents, or the old Dollars…
PRECIOUS will always be priced in Hive because that is the native token for this blockchain.
Hive will experience the same 100 to 1 Exchange Rate, so I guess the Tokens will be priced in Electronic Dollars, Cents and Decimal scents…
How did you get the PREIOUS token Airdrop? I mean what are the criteria, or is it open to all??
The airdrop is for our accredited authors who produce quality content for curation on Hive.
Ah....I see....good one.
You could add some use cases, I know it's not easy as you need to avoid vote buying uses but that would pump it
I actually don't really want to pump it, and adding anything that looks remotely like vote buying is a sure way to get the project killed. Slow and steady growth has always been the goal.
It should be, we are one of the original communities.
Thank you for the update on our Precious token.
!PIMP
Appreciate the transparency and the steady commitment to maintaining value. Raising the buy/sell walls shows real confidence in the project looking forward to seeing how PRECIOUS evolves in the second half of 2025!
Thanks for update, @buggedout !
speaking of tokens reminds me of when I worked at an arcade. :P
HAPPY DAD'S DAY!! :)
smart move
!pimp