Hive-Engine tokens indeed until few months ago have been getting their life from within the Hive ecosystem itself, but lately they've expanded out of it. Let's just see LEO Finance model where you can blog using an Ethereum address, earn LEO and convert that back to Ethereum. In this equation Hive doesn't intervene at all and it's like LEO lives on its own blockchain.
Maybe Hive can learn from here, but in my opinion communities act like accelerators and models that can be followed by others and Hive itself.
Posted Using LeoFinance Beta
Yes that is true, so it no longer pulls value from HIVE, but does it add value directly to the market cap of HIVE? There may be some users that come to LEO (from outside of HIVE) and eventually venture over into HIVE, outside of those, where is the benefit to HIVE directly?