47407 Points, that's what I have accumulated in Ecency Wallet.
Apparently, according to the application itself, the total value of these POINTS is $94.81, at the HIVE price today, this would mean 242 HIVE in exchange...
The theoretical uses of these points according to the Ecency application are mainly 2:
- BOOST any post, including yours or,
- PROMOTE any post, including Yours.
The PROMOTE option is used to put any post on the first viewing page for a certain time depending on the POINTS you use.
The BOOST option is the one that in the first instance provides "Value" to these points. If you use these POINTS in any post, within 7 days of its publication, said post should be UPVOTED by the application account under its own subjectivity, which means that the post in which POINTS have been spent to your BOOST, may or may not be upvoted at the discretion of the Ecency team.
This criterion is, in all cases unknown to me at least, in the past I could get upvotes in any of my posts written in Ecency but since a few months it is very rare that I get any benefit even using the minimum amount of points (150 POINTS) . The same happens with the Posts that I want to BOOST other than mine, many times the result is zero.
Ecency, however, is still trying to sell POINTS packages at special prices through the android or iPhone market place. The prices per purchased point vary depending on the amount you buy, but basically, and in EUROS, 1 POINT = 0.0023 Euros.
I don't know if there are still people who buy these points packages in the application, for me, it makes little sense if in the end its "value" is not reflected in its applicability.
In the end, what sense do these points have if their use and final objective is uncertain?
For me, Ecency should look for other uses to give value to this token, some of them occur to me, for example, obtaining temporary HP delegations in exchange for POINTS or obtaining some kind of prize once a certain amount of them has been accumulated, but giving it a "closed" value for NOTHING doesn't seem fair to anyone.
Surely, more uses and options would cause more "market" and it would be the users themselves who would set the prices of that market and not an entity with uncertain criteria today.
I still don't know what to do with my POINTS stake, surely I am going to use the PROMOTE option so that the message of this post reaches more people, in theory.
By the way, there is another use of the POINTS that I have not mentioned and it is the GIFT option, I can "donate" the points to anyone I want (I hope), so instead of donating them... why not sell at market price? and by market price I mean that I accept any offer to sell quantities of 1000 POINTS at a time...
According to ECENCY, 1000 POINTS = 2$ = 5.11 HIVE...
What would be your OFFER for 1000 POINTS?
We can still reach an agreement and give a REAL market value to this Token.
Even if you are boosting your post with your points there is no such guarantee that your boost will be approved. I think if you want to use them you can boost another post, then again there is no guarantee of that (if you will start getting votes in your every boosted post then probably that is not a good thing. )
you did mention that for sure.
You can tip another user the ecency points or you can sponsor some contests with those points that can be the best use of them. you already mentioned a great tip that can be implemented too.
so you can use them for: (I think you are already aware of that too but still )
there are many use cases for those points. feel free to visit the eceny discord.
!giphy nice idea
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oh good ol' pleb points, you can never rely on them :)
It is impossible for Ecency to make the boost always work, since they must ensure their voting power. The solution would be to delegate more HP to Ecency, so they could vote more.
Speaking of delegating, perhaps Ecency could prioritize the boosts its delegators request.
Regarding the criteria, I leave you a screenshot taken from their chat on Discord. Although, even following his advice, the boost is not guaranteed.
That is my favorite advice for anyone who wants bigger/more boosts! Delegate More!
I agree with you: it would be great to have more use cases AND a market for Ecency points, even if probably their value would be extremely low, as there are users with hunderd of thousands of them.
Btw this time the "promote" feature worked as I wouldn't have seen (and upvoted) this post otherwise :)
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I 100% agree more use cases required - at least an HE trade function.
I haven't even put my active key into Ecency there is so little point to these points.
As to what I'd pay for 1000... Nothing ATM!
I didn't know / check that there is a purchase points option !LOLZ
I feel you, with around 70K points, what to do with them?
I guess I'll start donating them, maybe create some contests with @ecency points rewards...
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But that’s a whisk I’m willing to take.
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Yeah, that would be another good use case!
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Yes, you are absolutlely right, now it is very rare to get upvote from eccency, as more and more people have started using it. There should some more usecases, otherwise the value of their token is equal to Zero. I hope team will come out with a better idea about it.
I've got a few, but not as much as you. I ought to boost some posts by other people as I don't really need the votes. The prices they sell them for do seem crazy. I have seen someone buy them to boost his own posts, but then he refused to engage with anyone else.
I guess we can't complain too much about something we get for free, but Ecency need to manage their economy better.
I saw this because you promoted it on Ecency!
I do have lot of these points too, but most times I feel discouraged because I can't make use of them.
Yes. It would be nice if the boost works no matter what or make it tradable with $HIVE
Nowadays, posts are boosted only with lower points due to the voting power of Ecency account, and it is not guarantee that the post would be upvoted. Therefore, most of the points remain useless. There should be some other usage for points such as converting to HIVE as long as power up ;)
Wow this is a great option. I like this ecency system.
Hmm this makes sense 🤔...it will be nice if they make it tradable actually👍👍...and that's alot I mean a whole lot I literally haven't seen that much eccency points before lol😅😅👍
Believe me, there are people with much more than mine
I totally agree
Edit: sorry, Ecency posted my comment multiple times.
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But I don't have thyme for that rubbish.
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I agree with you: it would be great to have more use cases AND a market for Ecency points, even if probably their value would be extremely low, as there are users with hunderd of thousands of them.
Btw this time the "promote" feature worked as I wouldn't have seen (and upvoted) this post otherwise :)
!PGM
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