Secondary Tokens Is More About Influence

Looking at my Leodex wallet value more than half the dollar value is made up of other tokens that are not tribe tokens. This was not the case 2 years ago and shows how much the dollar value has dropped over a short period of time. At one stage I had around 20 000 Hive as an estimated value and that today is just over 6K Hive. This would have been far worse if I had no SEED and a few other tokens unrelated to tribes.

I think when the secondary tokens started to appear many thought that this was an extra opportunity to earn. Yes it is on some of the tribes, but the majority of those tokens are more about the influence and support they offer. Take the dollar value away from the thought process as if you are lucky enough many in your tribe also hold Hive value along with their tribe vote so you do still earn no matter what the tribe token value is.

The more you have staked the more you can hand out through the support you offer via curation and this ultimately helps the tribe grow. They may be worth next to nothing in comparison to Hive and most likely there is never going to be enough liquidity to ever cash out. Maybe "ever" is the wrong word to use as I am always hopeful at some point the tribes will blossom and expand through development as more users arrive.

There are one or two tribes that do offer value with their tokens and those are a totally different ball game as they have the numbers and also the liquidity. The development is already strong and there is a vast difference between Leofinance and the majority.

The ability to support others is the key to having stake and why it holds so much influence. Those with stake hold value as they have an interest in seeing tat tribe succeed. If everyone never held stake and sold out like many do there would be no tribe left to function and everyone would be back at square one prior to tribes having existed.

Someone who is active in a certain community for a prolonged length of time could easily become a whale and that is not the case with Hive. Hive would take you 2 or 3 times the length of time to achieve those sorts of numbers.

One has to see a community as a home base where everyone has a similar interest in the topics being discussed. We spend so much time on Hive that finding a community is imperative not only for the retention of users but also to keep things more interesting.

This is why using tools like the vote multiplier on Leodex is important not only for your own growth but for others around you. The more support you offer through your voting actions the stronger everyone eventually becomes. I may not visit some communities but still have stake and why the multiplier comes in handy as I am supporting them even though I don't even know I am. No one checks tags on posts or I rarely do as I am there for the article and to offer support.

The Leo LPUD day coming up is important in many ways as it is not just about you becoming bigger by having more stake, but the entire community growing together through staking. This offers more support and also should impact the price of the token as there is less sell pressure.

Just think if everyone staked for a period of time what it could do to price action across the tribes but that sadly will never happen. I am still hopeful in 5 years time that the communities will have sufficient numbers to have even more influence by also adding value by their token price but that is still a long way off.

Posted Using LeoFinance ^Beta