I've been on hive for a bit. I'm not an OG by any means but I've now spent a few years here and I've collected a fair amount of community tokens. I'm on the top 20 of many of them now and some I'm top 5.
But I still really have no idea what any of them do.
I know the line about we're early. And although bitcoin is almost as old as the iphone and older than instagram, the argument can still be made on the tech as a whole.
But when things are early, you see quick progress. Most of these layer 2 hive tokens haven't made any real progress at all. They come out, there'a little hype because they're new and then they just fall away pretty quickly from view.
Even when platforms like LeoFinance have made progress on their platform, not a whole lot has happened that integrates the token.
And to make matters worse, there's not any liquidity for most of them.
I picked up a lot of CENT token last year because the curation rewards were worth far more than curating hive. I was thinking I'd buy a lot and then sell some curation rewards to increase my hive stake. That fell apart when I realized there was not a bid to handle selling even half the curation rewards I got day to day.
So i've sold none and have still watched the value plummet against hive.
This isn't meant to be a hit piece on hive or any hive second layer token. I realize most of these community coins aren't working with teams of developers and big budgets but I'm just wondering where any of this is going because because out of hundreds of tokens, I haven't really seen the ball move forward on any of them.
I welcome discussion and your answer to the question of why any of these community tokens are worth owning. And if you have a favorite, please tell me what it is and why you believe it has a future.
