Since we're nearing the end of the year, I decided I'd perform a Hive-Engine Layer-2 token audit. Which tokens do I hold, and which ones do I want to continue to hold going forward?
I'm glad I took a look. I currently hold 73 L2 tokens, and some of them I have no idea how I acquired them. Heck, I have no idea what many of them are even for. Do they have utility? Where is the value derived from?
I'm certainly not against L2 tokens. Some them I actually like having (hello LEO). Others, I can take or leave them. But, being that it's near the end of the year, I'd like to ensure that I'm keeping ones that will likely appreciate in value or at least provide some utility. If they do nothing or hold no value at all, then I'd just as well dispense with them. You know, trade them for a token that is likely to appreciate in value or provide some type of utility. Maybe even convert them to HIVE and powerup, or to HBD.
The question is, which ones do I keep and which ones do I throw? For that, I'll ask for your input. Below are a list of tokens I'm considering dropping. In the comments, let me know if there is any reason why I should a specific token.
The list is broken into two parts: Red Flag Tokens and Yellow Flag Tokens.
Red Flag Tokens are tokens that I've had since the beginning of the year (or before) but I have not accumulated more than just a few. In some cases, their associated websites appear defunct, which implies the tokens are inactive and therefore worthless.
Yellow Flag Tokens are tokens that I might be accumulating in small amounts but I have no clue what they're for or how I'll use them going forward. Probably, in some cases, I know I wouldn't use them.
The tokens on this list are tokens I have just a small amount of and haven't increased since I first acquired them. I've held most of them for a year or longer, and I'm not gaining any more of them. Why should I keep them?
@polarmystro, who hasn't posted to Hive in four years, the small amount of this token I have is staked, but I see no benefit to staking it. Should I keep it?
@broadhive-org, a user who hasn't posted to Hive in three years.
@hashkings has not posted to Hive in over a year.
@build-it last posted to Hive six months ago.
@foodiesunite is still active on the blockchain. But I'm not a foodie. I have no interest in this token.
@hug.bot, who hasn't posted in two months.
@borniet is active on the blockchain.
@craftink, who hasn't posted in over a year, I have no idea what this token is or what it is can be used for.
@crrdlx posted two days ago, but this token has some level of usefulness. I guess the idea is to tip people if you like their post, but you have to hold at least 10 tokens and all I have is 8. Help!
@saltyreptile hasn't posted to Hive in four years. Is this game still active? Does anyone play it?
@minnowsupport hasn't posted in four years.
@pesos hasn't posted to Hive in six years.
@pizzaexpress) joined Hive four years ago but has never posted.
@terracore hasn't posted in two years. Is anyone playing Terracore?
@dcitygame hasn't posted to Hive in seven months.
@cryptocompany posted to Hive last month.
@atomcollector hasn't posted to Hive in two years.
@jim-crypto hasn't posted to Hive in a year.
@thiagore joined Hive three years ago but has never posted.
@winex, who hasn't posted to Hive in three years.
@wrestorgonline) appears to still be active on Hive. But why should I want some WOO, the governance token for a community I'm not a part of?I'm open to pitches. Tell me why I should want these tokens? Otherwise, I'm ditching them. Make a convincing case and I'll consider keeping the ones for which someone can make a good argument.
This list is shorter than the first one, but I'm still wondering about these. This list is full of tokens I continue to accumulate in small amounts, but I wonder why.
@bradleyarrow, who appears to be active on Hive, I don't know what this token is for. The Hive-Engine description says the goal is to have 1 BBH equal 1 Satoshi. What then? Why? What does it mean if that happens? Why do I need Bitcoin Backed Hive? Is it truly backed by Bitcoin? If so, where is the Bitcoin wallet that holds the bitcoin backing this account?
@hive-112281 created this token and last posted 3 months ago. The situation seems bleak.
@raymondspeaks on Discord back in the day before the infamous Steem-Hive hardfork. His Brofund was created then and appears to still be active. I never really got into it, but I did enjoy watching him build his community. What do you know about BRO? Should I keep it?
@cinetv, who hasn't been active in almost a month.
@taskmanager hasn't posted in two years. Meanwhile, my DHEDGE tokens have stopped accumulating. This should probably be on the Red Flag list, but it sounds intriguing. Does anyone receive dividends for holding this token, or is it a dud?
@reggaejahm hasn't posted in four years? Active token, or another dud?
@hivephoto hasn't posted in two years.These are the tokens I'm on the fence about. Should I keep them or throw them? Make a convincing case and I'll consider keeping them.
Your turn. Convince me to hold these or I'm ditching them.
