Do second tier tokens only serve as currency for hive?
Is there any sense in keeping the second tier tokens out, liquidating them all and exchanging them for SWAP-HIVE? To my personal opinion I think they are only good to be sold or purchased to earn daily income like the mining tokens, am I wrong?
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The short answer is 'no'. There are various types of tokens. Some are 'investment' tokens that either mine other tokens or earn dividends in other ways (bro, index, BXT, dhedge, etc.). Others are designed to operate more or less like hive but for specific communities. They may have different mechanics than hive. If you there is a community that you participate in that also has a token then stacking that token can be worthwhile on its own.
Interesting, I already knew about using BXT as a way to mine or operate on DEX or something, thanks for your time to answer this post.
Every token is so different that you should decide on a case-by-case basis. In general, if you're active in a community then you might want to stack that token to a point. If it's an investment coin then stack as long as the investment makes sense. Generally, I will sell airdrops that I don't have a specific use case for. I have a bot that automates powering up and selling tokens for SWAP.HIVE depending on which token it is.
What an amazing guy, could you show me this bot? I would like to automatically convert some tokens to SWAP.HIVE
https://github.com/Stormrose/karaka
Be warned - this isn't a bot for beginners. You'll have to be okay with editing .json, setting up a nodejs server etc.
**No,😊 no...believe me ....no. Many of them are worth keeping in your personal portfolio - you can do staking or delegation with them (it's an opportunity). Look for example - at the #Cent #Proofofbrain #Cine #Waivo #oneup token (you can earn from staking, delegation or from those pools that you will find available on #Tribaldex and #BeeSwap )**
I had forgotten about the pools in tribaldex as I am using hive-engine a lot, thanks for the answer.
No problem man. Keep in mind that any token present in the #Hive #Blockchain ecosystem starts from an idea - an individual idea that seeks to evolve in this space. All the tokens in someway, it is worth keeping in your personal portfolio and of course discovering their role. It all depends on your strategy. Pools are a method by which you can get your hands on a part of the tokens present - in time you can get a small profit by providing liquidity to those pairs. It is important to be careful and of course to be patient. Always form a well-defined plan when you start allocating part of your personal resources. Cheers !PGM !LOOLZ !PIZZA !LUV
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