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RE: Tokenomics 101: Creating a Hive-Based Cryptocurrency for Your Business Using Hive Engine

(edited)

Site is loading fine. It is ran on the Hive Engine servers, so if they have node issues it can effect our site.

Screenshot 2023-10-28 at 10.43.04 AM.png

As far as the COM tokens are concerned. I have been reworking the payout bots to work with the new Hive versions because the payouts were Erroring. This has been fixed and payments will resume on November 1.

The project is just a community project. The original creator of HiveHustlers created the original HUSTLER token, but then burned 80% of the supply because he didn't know how to work the tokenomics and was using it as a money grab. When the new party took over, we tried to go a different direction, but some damage had been done already.

Essentially, you earn the HUSTLER token, and if you stake it, you earn the Hivecommerce token which when staked pays out a portion of our SWAP.HIVE rewards from posts and curation. This number is set on a monthly basis, so when things got thrown off due to the base blockchain upgrades, we decided to pause payouts until the first of the month because it was a few days before we caught the issue.

We made an announcement on the Discord server about the pause.

When you are purchasing the tokens, you are NOT supporting our account because we don't sell any of the tokens, but the community itself. Anything purchased from the markets is sold by the community. And essentially we are just giving away our posting and curation rewards, really for no reason other than to try and build a community of entrepreneurs.

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Well, we are aware of Hive-Engine node issues, especially lately. Still, it was a bit odd to us that we are such bad-luck guys, so every time we tried to access the site, it would be some HE node issue. We tried different browsers before. Therefore, after reading your reply, we tried to investigate it with a different approach, and finally, we found out what is the issue. Our operating system, as well as our virus and other malware protection software, rate your website security certificate as "not trusted" and, therefore, blocks it automatically. (We don't know why, and for now, we didn't investigate it further, as it could be for many different reasons, such as too strict configuration from our side or security certificate expiration from your side, etc. But at least it explains why we could access the site before, and for quite some while, not anymore.)

For the rest, thank you very much for your very comprehensive reply and the provided info. We believe that Web3-educated and prepared entrepreneurs may play a big role in the future (especially if they "arrive" there before big companies), and at the moment, it seems to us (with due respect to rare pioneers) as quite untaped and undeveloped field as on Hive the same on some other blockchains. Therefore, creating such a community and helping it to develop in this new environment is a good initial step for some future development.

Apart from that, when it comes to announcing some changes (inside your project), maybe you can consider or reconsider announcing it here (on your main account), as well. Although we know most users, or at least many of them, use Discord, there would still be those (if nothing, following the HUSTLER token description) who would still search for some news here first.

However, thank you for your reply once again!

!ALIVE | !PGM | !PIZZA

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