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RE: Dear World: How Would You Value STEEM Hunt? - A Mini-Analysis On The Token Economics

in #market6 years ago

Hype is really powerful in the short term and on-boarding new users is surely gong to contribute to that. So you are looking at a very good metric. @steemhunt is the only SMT that I'm fully confident in. There could be a sell-off when trading start because so many people got free tokens and market will have to slowly discover their prices. But that's more of a short to mid term indicator for me.

For the long run, all I'm looking for is the demand. One reason @ned was hugely bullish on STEEM was because SMTs create more demand for bandwidth and Automated Market Makers for liquidity and both require STEEM to be locked up. MCO cards require you to lock up 50 - 50,000 MCO for 6 months to get your card (except for the lowest tier one) With 31,587,682 MCO supply they can only issue 1260 top tier cards a best per year. They also buy MCO from the open market to pay cashback rewards and you can get credit upto 60% of the value of your MCO holdings. I want to see something like this in the SMTs to really start buying. HUNT Token is mostly a HODL for me at the moment. Until their other 2 platforms and marketplace pick up, there won't be much real organic demand.

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