RE: Chart Of The Day: How Many Tokens Do We Have? Crazy
Dear @deathcross
I'm very sorry for such a late comment. I bookmarked your post a while ago but I didn't really managed to read it through until now.
It's not very surprissing that so many new tokens and tribes are being launched, considering how well steem-engine has been done, how intuitive it is and the fact that it's very cheap to launch your own token.
So people do that, often just for fun and mostly to get some experience (which may be useful in the future, once SMTs will be released).
Any idea if buying/selling those tokens do have any impact on price of STEEM?
Very well. I wish my wealth was growing so quickly, but the prices of the particular tokens are mostly falling.
Current prices are not backed up by demand. So they can very rapidly go to zero.
But I suppose Steem-Engine should make some classification. Distinguishing between serious community tokens and tribes, and experimental, individual, private, joke tokens.
That's an excellent idea. Are you perhaps in touch with anyone behind this project? Mostly Steemit Inc should learn about it.
Yours
Piotr
SE is still a prototype. I hope they will do some updates soon.
Like: charts, buy and sell prices, sowing actual amount and value of coins owned.
It's simple things but they have a big impact on the experience.
Indeed @bluerobo
I also miss the chance of seeing charts and some basic graphs.
In a newer post I proposed market-making activities.
Steem-Engine is treasuring the Steem people are depositing in exchange of other tokens. That reduces the inflationary effect but as the tokens itself have an inflation (I have read about 10-20 percent p. a.) In total I suppose some inflation effect must be exist.
I suppose another negative effect is that people are paying attention to tribes, curating and not Steem. Are trying to get more SE tokens than Steem.
Positive effect is many are more active than before.
Hi @deathcross
Thank you for your kind and prompt reply. Appreciate it a lot.
Another positive effect is the fact, that those tribes are creating so called "sinks" where they burn tokens.
Yours, Piotr
So, sinks are a perfect solution to solve the problem of tokens which wouldn't exist without the tokens. :)
Or, with other words: Why to make so much money if you must burn it after? Make less.