Do you like dividends?!

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Image from nectarbytes@nectarbytes

I would argue that everyone loves that in one way or another!

There are quite a few tokens that offer this right here on Hive. But which one is the best?


Recently, I have noticed a new token on the rise: ELIXIR (View on TribalDex)

The purpose of this token is to provide nectarbytes@nectarbytes with HP to give good curation for the Mildly Infuriating community.

The community (and the nectarbytes@nectarbytes account) is created by the respected Hivian bulliontools@bulliontools.

The ELIXIR token is created by the nectarbytes@nectarbytes account, which is in line with the whitepaper also being authored by the same account.


As per the whitepaper:

Sales of ELIXIR will be done in tranches. All HIVE income generated from this will be powered up.
10k @ 1 HIVE each
50k @ 2 HIVE each
20k @ 3 HIVE each
20k @ 4 HIVE each

This is somewhat similar to other tokens around the Hive-Engine and has proven to be a pretty solid strategy.

There are, at the time of writing 2815,556 ELIXIR left in the 1 HIVE tranche.


How to get ELIXIR

You can, of course, go to TribalDex or Hive-Engine and buy directly from the market.

Alternatively you can delegate you HP to nectarbytes@nectarbytes and be rewarded weekly with ELIXIR.
This is what I am doing with a small amount of HP - I started at 250 HP delegation and am getting about 0,25-0,3 ELIXIR per week.

Using this method with such a small delegation will take time.

Once there is enough ELIXIR to earn dividens by staking, I will be staking ELIXIR. Until then, I might keep the token liquid (not staked).


Unstaking

The unstaking will be done in a single transaction and will happen 7 days after the unstake has been initiated.

NOTICE

If you enable the autostake feature in the keychain (either app or browser extension), be aware that whenever you open the keychain, it will instantly stake the token in question.

If you unstake, make sure that the token is not set to auto-stake.


The future for ELIXIR (and me)

I believe the structure has been well thought out, and the purpose of the token is fairly obvious.

No hidden agendas, transparent numbers in the whitepaper.

I predict a good future for both the tokan as well as the Mildly Infuriating community.

If you have not set yourself up for the ELIXIR token, I would suggest doing this when you get the chance.

fnzcmd@fnzcmd chaosmagic23@chaosmagic23 friendlymoose@friendlymoose geneeverett@geneeverett luchyl@luchyl


Thank you for your attention and for reading 馃槑


alright flux'in

Do you like dividends?! | Ecency