For quite a while I was wondering what to do with all those weird tokens that I get for... Yeah, actually, I still don't have an idea why. They just appear in my Hive-Wallet. Some are tip tokens, some are community tokens, and usually I can't trace back where and why I got them.
Now, those tokens are not worth much and it's probably the best to just leave them bee and not care, as even the time to sell them is worth more than the token. But I can't. It just doesn't look clean. I like my wallets organized, and those coins create chaos.
At first, I staked and delegated the stake. Then I heard that one can receive up-votes and shares if keeping the stack. Recently, one of the tokens that I gathered quite a lot of announced a big Liquidity-Pool, with a lot of rewards.
That's when I realized that there are many different pools that one can put those coins into, and forget about them. They disappear from the HIVE-Wallet. Unfortunately, some produce more alt-token-rewards, so it's tail chasing.
Azircon made a nice post about pools and the asymmetric risk in them, if you're serious about pools, read them - I'm not serious. I'm trying to find ways to keep my wallet clean.
Anyway, I am a curious person and wanted to play with this a little. Some tokens have pools with each other. A lot of them have pools with swap.hive, but I do like my swap.hive to buy SPS and DEC, I just want to get rid of the rest. Here's how.
Get to TribalDex or your favorite pool manager and find the "Pools" listings.
Type the Coin you want to make disappear into the "Search" field.
By clicking on the yellow "LP Rewards" you can see how much and what rewards are distributed on daily basis.
Great. A whole lot of more weird coins that you get proportionally to your input.
3, Go to "Add liquidity", find the pool, throw the coins in there. Done.
This is even more work than selling them. And it creates more work. And I still don't know why all those tokens exist, and I really tried to find out.
With tip-tokens such as Duo, pizza, PIMP, BBH and things like that, it's fairly easy - the more you have, the more you can tip. I doubt that it's really worth it or creates any extra wealth, probably just clogs up the blockchain costing more resources to be used than the coin is worth.
There are curating tokens I think, like POB, LEO, SPT. The more you have of those, the more likely you get up-votes from the attached curators. But I'm not even sure about that.
A lot are just remnants of dead projects. The websites are dead, the HIVE-accounts inactive, probably set on auto-vote.
Is there an overview or something, where one can see the utility?
Still, I have no clue about the rest. Maybe I should just leave it there - it seems to be more trouble than it's worth to waste time and energy thinking about it. And I doubt that there's a golden coin, a ticket to golden toilets among those.
Anyway, I'd appreciate any comments and help! Thank you!
