What can the HIVE Engine be used for? E=mc2

The Hive Engine is a relatively new feature on the HIVE blockchain. If you're not yet part of this socio-financial (SoFi?) network I'd highly suggest that you join for I consider it the largest crypto investor database and the most complete blockchain ecosystem to date.

To be quite honest, I haven't even used Hive Engine yet. I received a couple of unsolicited tokens, some of them arrived in stake-mode as default which caught my attention, and I have taken steps to learn how to manually stake others.

Other than having learned a little bit about LeoFinance and what they do, I don't know what anyone else is doing with this feature.

For those of you who have no idea what I'm talking about, the HIVE Engine can be accessed from your HIVE wallet, at least through Peakd.com, and it appears it enables people to easily create crypto tokens on top of the HIVE blockchain and even integrate those tokens to a non-custodial marketplace for trading.

Now, what can you do with these tokens?

The real question would be, what can you not do?

If you're new to the crypto world then you probably don't know that what blockchain is really good for is facilitating cooperation. If you've been wanting to create a token, or if you are interested in investing in any crypto initiative, first you need to understand how they intend to make money...assuming money is the goal.

Why would you invest if you don't plan to get anything out of it? Why would you invite people to invest in your token/company if you don't plan to do anything with their money?

Tokenomics! That is the name we have given the economic circle of sustainability in relation to blockchain business proposals.

The first thing you need to find out, or figure out, is how money can be made with your idea or the idea you plan to invest in.

Someone recently asked me what the HIVE Engine was good for, but again, the real question is, what isn't it good for? I could probably come up with a tokenomics strategy, a whitepaper, for every single business there is and figure out a way to propose a way to incentivize cooperation to get whatever needs manifesting done.

One example I provided to illustrate this point was tokenizing scientific research. HIVE users who have an interest in becoming involved in the medical industry could create a token to financially incentivize scientists to conduct research into specific areas of interest. Then, based on that research which could even be entirely or, partially shared with the public using one of many other tools available on HIVE, they could develop medical solutions to officially patent them and sell those patents...you don't even have to create the solutions, just sell the formula.

Say you're not very science-oriented, suppose you're a dirt-under-my-nails type of guy. Well, why not find a business that you do believe in and that is operationally profitable like a local bodyshop, present the acquisition opportunity to others using a HIVE-based token as an investment vehicle, and then buy that business with the money collected?

Sure, you gotta watch out for the SEC if you're in the United States or plan to do business there. If that's the case, depending on the nature of your tokenomics, you might need to file some permits. But if you're not in the US or an overly regulated nation, you've basically got the most flexible fundraising mechanism and trading marketplace enviroment to provide both the visibility and capital needed to make any business fruitful.

sell the formula

Anybody in the mood to sell some math?

I say we can call the token SCIFI. What name do you propose? How about MEDFI? With HIVE Engine the sky is no longer the limit!