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RE: HivePH Update: More Incentives for Delegators

in Hive PHlast month

Thanks for expressing an interest here.

Are you referring to @hivephilippines account or to members of @hiveph?

@hiveph account

Do you have a plan to create the tribe token for @hiveph?

No plans at the moment and unlikely to have any in the future. There are 2 reasons for this

  1. Due to unclear local laws in the Philippines with regards to crypto, we don't want to create a gray area where the community token gets marketed as an investment product. Hive already serves that purpose.

  2. Most of the projects if not all, are just Hive rewards repacked in another token name to convey value. If rewards are just redistributed in Hive, problems like liquidity for Hive Engine tokens won't exist and people can use the Hive for various reasons.

Thank you for your delegation. We'll be releasing a new announcement soon that benefits hivephilippines delegators.