Will Tokens hurt the Steem Price ?
If we have a look at steem-engine we can see more and more Tokens beeing created everyday.
But what influence do tokens have on the Steem price?
Are they taking away value from Steem or are they even adding value to it?
If you ask me, Tokens are very good for the Steem price. The reason why I think they add value are the following:
1st: more users: Tokens brought up many new Projekts for example: Steemleo, battlegames.io palnet.io and many more.
All this projects will bring new Users to the Steem Blockchain.2nd: more Transactions: All transactions made with token require SteemPower because they use the Steem Blockchain. It's comparable with Ethereum, that is needed to send ERC-20 Tokens.
3rd: Trading: If someone whants to buy a token on the Steem blockchain, he will most likely have to buy Steem before. This is compareable with Bitcoin, that most people have to buy if they want to have Altcoins.
So all in all I think Tokens will help Steem to gain a lot of value within the following years. That's why in my opinion Steem is one of the most undervalued cryptocurrencys at the moment.
Feel free to share your opinion at the comments :) @elbiasto
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can't say about it at this time but it will be a thing to rhink about steem in future if this time survives
so far Steem/BTC still is in freefall
well tokens are just getting started. Let's give them a few month and I'm sure Steem will rise again.
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