Tribes switching over to Hive-Engine....

rehan12 (73)in OCD • 6 years ago

The recent activities of Hive Blockchain has increased. If you have probably noticed we already have https://hive-engine.com/ and different tribes are switching their activities completely to Hive than staying on Steem Blockchain. Following that Neoxian.city, Leofinance, CTP and some more Tribes have done their token airdrop at the rate of 1:1. So if you had 1 Leo token in Steem-engine you shall have 1 leo token in Hive-engine as well. Some airdrops are still ongoing and I suppose other Tribes have their plan of making a move, which we will get to know in the next few days. In other words, while the witching has been made from Steem-engine to Hive-engine, the token trading or anything related to Steem-engine have been shut down for that particular token. All the activities have been resumed to Hive-engine as usual.

Taking that into consideration, it is a nice approach from the tribe owners to make such a decision which will help the eco-system of Hive to grow even more. The amount of volume in some of the tribes token trading is very high and are growing everyday. Which definitely makes it worth while to invest upon those tokens.

On another contrary I have been using Dex of Steemleo for depositing and withdrawing for steem on/out of steem-engine. But as of now the rebranding of Dex have been completed and now Hive users have https://dex.leofinance.io/ for transacting/trading of Hive and Tribe tokens. I use it as it is comparatively faster and cheaper(in deposit & withdraw of steem, and now Hive I suppose). Each deposit and withdraw shall cost you 0.25% fees which in Hive-Engine would cost 1%.

Check the announcement post of @steem.leo or their discord server for more information.

Nevertheless, various tribes have formed on Steem Blockchain. Some were successful, while some are struggling to survive while some have just vanished. Creating a token is not that big of a deal but giving its value is what matters the most. Unless the tribe owner thinks otherwise. The prime focus of giving the token its value should be the concern of tribe owners. We have seen some Tribe owners going above and beyond for their tokens while some T.owners are nowhere to be found, what will happen to those tokens? What is the nest step? many question are unknown.

It is understandable how different projects will evolve in the coming days and how as users/investors we need to be on our grounds to make proper use of them. That is why DYOR at all times while you are investing or giving your time in any form of investment.