In this downturn, the BEE token looks solid.
I think, I have now almost stopped trading and accumulating the Hive-Engine tokens now. The CTP debacle and afterwards big promises of LEO that never got materialized in the ground realities just making me now to a very cautious approach for all of the Hive-Engine token. I am still actively trading in the DEC and SPS, but I do not consider them as the Hive-Engine token instead I consider them as part Splinterland's ecosystem and they do have a presence in exchanges and chains outside the Hive too, so they are now in Hive-Engine as an additional exchange to them and there existence not at all dependent on Hive-Engine (IMO).
But now, if we come to the BEE token, then BEE is a very special token in the Hive-Engine. BEE token is the native utility token of the Hive Engine ecosystem. All the tokens created on Hive-Engine require paying the BEE token as token creation fees. Apart from the token creation Hive-Engine offers variety of the functionality like
a.) Token Creation.
b.) NFTs.
c.) Outpost.
d.) DAO
e.) Pack Manager
f.) Airdrop
g.) Claimdrop
h.) Mining
i.) Distribution.
I will not go on the detail of the every offerings of the Hive-Engine but first three are the major and most used offering in the Hive-Engine. All of these offerings accept payment as the BEE tokens and this is one of the main reason that keep the demand of the BEE token.
Even offering like Token Creation has further sub offering like whether you want it enabled for staking or whether you want to create it as a "miner" token, and all of these qualify for the additional fees that is again need to be paid in the BEE tokens. All these fees keep the demand of the BEE tokens.
If you see the chart of the BEE token, you will clearly see that BEE token is acting good and strong if compared to the any other Hive-Engine tokens.
And for the volume part, do not get fooled by the volume mentioned in this chart as majority of volume token come from the Hive-Engine pools
Above is the snapshot of top 3 pools, I overall counted 18 active pools for the BEE tokens and 2 inactive pools. If you check these pools then you will see that the majority of the volume is happening in these pools.
My other tokens in Hive-Engine.
I do have myriads of token in Hive-Engine and I am paying no attention to them as my bags are almost worth nothing in dollar value. Apart from BEE token, I am currently building my stake in NEOXAG token. Good thing about NEOXAG is that it's price remain fairly constant in Hive price and it is backed by "neoxian" , one of the whale in Hive and considered as a mini exchange in itself for its holding.
So, what tokens are you holding in Hive-Engine, and think that is worthy of holding in the Hive-Engine.
I think it's the same for me. Most 2nd layer tokens haven't really played out so I don't focus much on them outside of a few such as Liotes (LEN) and CTPSB. They are backed by the HP that they grow by so it's backed by something more substantial.
I guess I will check on LENS, I used to have CTPSB but after achim decided to merge it , I sold ctpsb.
!PIZZA !LOL
BEE is one of the strongest tokens on Hive Engine and we can see it moving based on the value of Hive. Strong trading happens on BEE.
And yes NEOXAG has been a great token for sure backed by neoxian himself.
I have some BEE and glad I kept it. I wanted to start accumulating passive income like SPI and PWR. Lacking liquidity is making me have to wait.
BEE future is tightly coupled to Hive-Engine/Tribaldex. But so far, so good.
!PIZZA !LOL
PWR went under didn't it?
do we know how many people are trading on hive and hive engine today?
It can be determined but unfortunately currently Hive-Engine team do not share it and users who used to show this data earlier has shutdown their services.
But you can still see the limited data in Hive-Engine.
!PIZZA !LOL
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I also notice the continues growth of BEE
yeah, let hope for best !PIZZA !LOL
I also believe that NEOXAG has a nice future in Hive
NEOXAG has strong founder. !PIZZA !LOL
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