Become a Token Millionaire: Exploring Hive-Engine’s Hidden Gems.
Become a Token Millionaire: Exploring Hive-Engine’s Hidden Gems.
Hive Engine is an integral part of the Hive. I guess, there is hardly anyone in the Hive who is not exposed to the Hive or any Hive-Engine tokens. Either you are part of a tokenized community like LEO or Neoxian City or you might be playing a game in Hive where the game's actual Play2Earn token exists in the Hive-Engine. With almost 5 years of Hive-Engine has seen many tokens, tokens that exist in Hive-Engine but with no use case, as the Dev team/creator of the token has already abandoned it.
In total, Hive-Engine currently shows 1143 tradeable tokens, In this list of 1143 tokens, there are some "SWAP" tokens, that represent that instead of Hive Layer2 tokens, they are tokens of other blockchains like SWAP.BTC to represent BTC in Hive-Engine.
Today, I decided to check a few tokens in which you will become a millionaire by spending just 100 or even less than 100 Hive, so let me share my list.
1. SIM.
SIM is the token of the Dcity, play2earn game in Hive. Game mechanics are almost passive, but game development is still in progress and team associated with game, has created other useful dapp on Hive like "Beecity" a UI interface that is similar to tribaldex.com but has more features. Let see how much SIM you can buy for 100 Hive.
For 100 Hive, you can buy 1312752 SIMs, almost 30% more in millions. Having SIM in the wallet pays HIVE with fluctuating APR between 19% to 25%. Having SIM power (SIM balance average of 30 days) makes you the exclusive member of SIM club that has other benefits also. You can check or no more about this project by hopping in there Discord
2. SPT
SPT is associated with the number one Blockchain game Splinterland, as a content creation reward token for the content that got published in Splintertalk.io.
100 Hive currently buy 1.07 million SPT. At current Splinterland team focus is on DEC, SPS and play2earn tokenomics, so SPT not directly the part of game ecosystem is largely neglected. I calculated and it look like curation APR of SPT is close to 50% because most of the SPT is now in liquid stake and very few are curating.
Not sure about the future development for this token, but free-falling price, 50% curation APR, and the hope that the Splinterland development team will create some more use cases in the future will motivate you to hold more than a million SPT?
3. STARBITS
When it comes to Starbits, you do not even need 100 Hive to be Startbits Millionaire. A simple investment of 10 Hive will do the trick. At present 100 Hive will fetch more than 28 million Starbits.
Starbits is the play2earn currency of the RisingStarGame. Game mechanics can be considered idle as it is more like a Dashboard system and you do mouse click to perform missions.
At one time, I used to play this game a lot, and still, my profile picture of Hive is taken from this game NFT. You can give full marks to team for successfully running the game for more than 5 years. When I visited the game, I can see that lot of development still happening in the game. As far the game token STARBITS is concerned, I see putting in a defi pool of Swap.Hive:Starbits will earn some 15% APR.
Since Starbits is play2earn currency of game, so you can buy NFT from game shop for Starbits.
Hope you have enjoyed this post. Do you get plan to get hold million of any one of these token? Do share if you know about other tokens in Hive-Engine that are so cheap but development is still happening on them.
Posted Using INLEO
I think DCity and SIM seems fine, but I think STARBITS is running into a few issues. They introduced STARPRO, but that was the thing keeping value while the STARBITS priced tanked. They have been making quite a few changes to the game lately so it feels a bit different as they try to deal with the inflation issue.
But still it is great that they are able to keep game alive.
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There was a time that holding SPT earned some incentives on Splinterlands. However, after my initial test, I switched to other Hive Engine tokens. BEE is one that is not easy to become a millionaire, but I find staking BEE and curating content on tribaldex.blog more profitable.
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BEE is nice token, I am also building my BEE stake and have end goal to have 50K BEE, but not chasing hard.
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That's big! My immediate goal is 1,000. I now have 595.
It's fun to have a punt on these, but they can go to zero!
They are too cheap, losses are minimum if they go zero.
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SIM is fine but I see SPT and STARBITS in free fall.
I hope both Starbits and SPT get some high.
If you are in Rising Star, then you should convert part of starbits into starpro.
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