So right now its valued entirely by speculators and from you propping up the price from your own HIVE stack?
And as a large HIVE investor yourself, encouraging activity on chain is smart.
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So right now its valued entirely by speculators and from you propping up the price from your own HIVE stack?
And as a large HIVE investor yourself, encouraging activity on chain is smart.
Early on that was true, but since it was a hobby project of mine with no pre-mine/team allocation I eventually got tired of "burning" hive buying it up so we created the "delegation for POSH" method...
So people delegate HP to a POSH Hive account.
The account earns rewards from the blockchain.
Then those rewards are used to buy/burn POSH to prop up the market?
Basically yes, they get POSH in exchange for their delegations. This also helped with passive investors who wanted to speculate on it but markets were always too thin/illiquid to buy into.
aside from paying devs and maintenance curation rewards and post rewards are now used to buy up posh and gosh through the @poshtoken.wallet account, we're not going to burn those tokens but have another idea in mind I wanna post about soon.