Do You Still?
Hi fellow Hiveians,
Today I wanted to see if you guys are keeping up with something that I do every few weeks or months!
Do You Still?
I was thinking about something the other day...
..do you still bother managing your Hive Engine tokens?!
Every so often, I will log into Hive Engine and stake or manage the tokens that I've got. Unfortunately most of them are not worth much these days.. but I still do it for the sake of it. I remember when the tokens first came out! PAL being the first, really, then a few others like Leo and on down the line. Those were pretty exciting days when I look back at it!
Being on the chain here for a while, I remember all of the old promises and one of the funniest ones that gets OCCASIONALLY floated around these days, was the mythical SMT!
What are SMT's you say? They are Smart Media Tokens, essentially the Ethereum layer-2 stuff where you can just spin things up and then send them out, except they would be on the base-layer of Hive if I remember correctly, not a Layer-2 like Hive Engine. It was all the hype, but sadly was never delivered and still has not been delivered. I don't know of the discussions around it these days, but I think it's for sure best that it never got implemented.
I think these days, we should recognize and appreciate that we should reserve Layer-1 for core functions that maintain the chain itself and send these types of things to Layer-2, which the Hive Engine team has done and some others I think are building upon that for other things. This is for sure the most logical and sensible thing to do, rather than the original direction of SMT.
If we had implemented SMT, what would happen to the price of Hive overall if a bunch of shit-tokens were thrown at it, causing lots of traffic for really not a lot of benefit. Just look at the historical charts for some of the assets on Hive Engine now. Not to hate against the big ones like Leo, but they are not nearly where they were a few years ago, and are bleeding constantly. Doing that on the base layer to me sounds like it would for sure cause more friction and chaos, so I'm glad we didn't go that route due to technical factors we couldn't get beyond. A blessing in disguise for sure!
I've been lucky in that yes I've for sure spent quite a bit of my Hive assets on the Hive Engine tokens, but at the same time I've also gotten a pretty good amount of return on investment from some smart decisions. For example, my best choices to this day were selling the first bunch of distributions of Splinterlands SPS, netting me a healthy 5k Hive Power! After that, I sold all of my Genesis League Goal soccer token, gaining me another 3k Hive Power I believe.
I've invested in a bunch of the assets on there as well though, spending likely several thousand Hive and HBD on various things like BRO and a few others that I can't recall off the top of my head at the moment. It's all about giving some and taking some, it's just finding the right balance that makes all the difference. Some say I could be a bit of a fool focusing on the base-layer token like Hive, but for me, focusing more on Hive gives me much more of an opportunity to take some off the top here and the invest it elsewhere which I think is an important mindset to have. I don't have tens of thousands of Hive to be throwing around at every opportunity like some people seem to (although, they likely won't show you how much in debt they are in the physical world.. lol) but I manage a healthy little balance!
I mention this as I am going over to Hive Engine for the first time since the beginning of the summer to do some staking of the various things I've got!
What about you, how often, if ever, do you go over to Hive Engine to stake your assets? Let me know in the comments!
-CmplXty. Real human written content, never AI. All pictures are mine unless otherwise stated
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I got your SMT right here * shakes my tokens *
Man, I remember all that noise. Hell, weren't they carrying on about that before the fork even? Ah, the bad ol' days.
I still check Hive Engine regularly but rarely do more than glance at it and claim rewards. Got a new laptop last year and have never managed to get Keychain working properly, it always fails to fetch, have to get the old laptop out to do anything with it. Pretty sure I have the Sadim touch, anytime I've put Hive/HBD into something on Hive Engine it goes badly. * glares at archon miner *
Oh man yeah I think I grabbed an Archon miner as well lol oh well. Win some and lose some, right? Lose more than win.. but winning at least one is good!
That sucks with the new laptop. I'm going to get myself a new SSD for one of my old work laptops that's newer than the one I use on the daily and going to flip that thing into a Linux sexy beast, so hopefully that stuff runs smoothly! The Keychain browser extension for Brave works really well for me.. so hopefully you can figure yours out!
Yeah, it was hilarious hearing about it around the time of the fork and even after, honestly. I think it was 6 months ago or so where I saw some mumbles about it lol I was thinking "is that horse beat dead enough yet..?" but apparently not!
It's exactly like this, we buy tokens but don't check them for a long time, we don't open the high engine, the prices go up and then down, so we don't have time to manage it, but we are making a mistake, all of us should open our wallet once a day.
Yeah, doing things regularly can certainly help!
Yeah.
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STOPI do visit HE from time to time due to Splinterlands tokens. Other than that I dont manage any other ones, these are not worth enything hehe.
Yeah.. I used to get on there for the Splinterlands stuff but I've sadly checked out pretty much entirely from Splinterlands these days lol just letting my assets collect dust, or get rented potentially. I haven't checked my rentals in a few months either, I bet they aren't even doing anything lol
I check Hive engine almost daily. selling the dust of shittokens that accumulated. Nowadays I am focusing on LEO and have high hopes that the project gains more traction. !hiqvote
Ah, yeah Leo and some others like POB do offer some promise so that's good! I should probably get rid of more of my dust there, but taking the time to log into it for .00001$ of stuff is a challenge lol so I don't bother. On my alt accounts I enabled auto staking, which is nice!
I don't as often as I probably should, but I do have some tokens that I am kind of invested in that I take a look at pretty regularly.
Yeah I was doing that for a while. I had a few tokens I went into more than others like SPORTS and SPACO but SPACO I think is done, though SPORTS seems to still be active which is good!
Don't even get me started on SPORTS, such a disappointment. I has pretty close to the top of the richlist for a while. I finally gave up on it and sold it all earlier this year.
Only occasionally, except for LEO. Recently, I've also been dipping my toes in Liquidity pools on Tribaldex. I see it more like gaining knowledge on another aspect of the Hive ecosystem but I keep my focus on gaining more HP, as that's the main long term goal.
I've read of the SMT thing here and there, thanks for the added clarification on what it does and why it may not be needed on the base layer :)
I usually sell off most of my Hive Engine tokens, and convert to Hive to power up instead. From past experience, most of them decline in value over time, which is quite unfortunate, but I guess that's the harsh reality of having limited resources to maintain those projects.