Hive versus Hive-engine holdings: What's your Ratio?

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(Edited)

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  • Hive wallet worth - $2,531 (24.6%)
  • Hive-engine wallet worth - $7,753 (75.4%)
  • Total worth - $10,284 (100%)

The Hive blockchain is beyond being a cryptocurrency host, is a home for creativity, dapp development, tokenized communities and and socialmedia. Combining these multiple usecases and functions makes Hive stand out in the league of blockchains.

Year 2019 would remain strategic in Hive's history when the second layer idea was conceived. Within the last two and half years, hive-engine has proven to be one of the biggest additions to Hive's blockchain protocol as it provides for Smart Media Tokens creation, marketing, crowdfunding for Projects and layered socialmedia for specific contents. All these happen without the need for a degree in web development or programming. Just with a few hundreds to thousands of BEEs, the rocket science of SMTs become possible to execute in few clicks.

I had since discovered that tokenized communities are the future of Hive in terms of value addition and mass adoption. We all can see today the value that communities and tribes are bringing to Hive. Several cross-chain bridges have been possible through the tribes. A few to be mentioned are as follows:

  • @Leofinance linking Poly chain, Rune, Binance Smart Chain
  • @Nftstudios linking Axie infinity via ONEUP and ChiFibot
  • @Clicktrackprofit linking several affiliate marketing organizations
  • @Hivelist linking electronic and real products e-stores
  • Dieselpools Linking almost all other blockchains - Bitcoin, Ethereum, Binance, WAX, etc

My love for second layer investment started out with SPORTS token and later on, LEO, CTP, LIST, POB, ONEUP and more were added and today, being a hive-engine token curator gives me much joy as I can give more value in terms of upvotes while also earning much more in terms of curation rewards with an average of 100% APY.

Today, my hive-engine holdings far outweighs my HIVE holdings. In fact, 60% of my HIVE holdings are converted from hive-engine tokens and that means more. With about $8k worth of hive-engine tokens and $2.5k worth of HIVE. It's amazing how the next 12 months would turn out to be as I'll keenly watch how the ratios would adjust itself.

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About a months ago, I made a preview of the value that my staked hive-engine tokens give and it was awesome to see that the 7 tokens in my curation portfolio as at then pooled as much as $4.4 in full upvote while my Hive stake still gives around $0.1. While the comparison may be lopsidized, since the second layer depends on the main layer to a great extent to function, I am inferring to point how wide Hive is spreading through the second layer and that is actually how it's supposed to be.

It's an all win for Hive blockchain whether your holdings are heavier on the main or the second layer level. The value it all pools and the exposure it all brings to Hive and its products (projects, dapps) are all for the good of all users and investors. Looking at the 1UP community for instance, we can imagine the influx of new users that would come to Hive through ChiFiBots. Interest in NFT communities is growing larger by the day and we can see the Hive blockchain hosting a good number of them - Hive punks, hive folks, Spliterlands, ChiFiBots, Ragnarok, and more. I'm sure we can have up to 10 on that list.

It all gets better by the day that as the user base of Hive keeps growing, there is sufficient space for everyone. We can see Hive grading up towards the $10 price mark and that could seem so costly for new low-income investors. However, there are tons of tokens on the hive-engine that can make one rich and they actually cost less than a Cent in the Hive-engine. I remember when I started my Hive-engine curation business with SPORTS which was less than half of a $0.0001 then. Months passed and with consistency, I rose through the ranks in stakes and at some point, we saw SPORTS rise to around $0.001. I had long drawn ,my profits on the initial investments in SPORTS and hopefully, we could have a 1 Cent SPORTS and that would make some stakeholders richer by over 6-digit dollars.

In summary, Hive is growing everyday and that opens up more opportunities for everyone despite income and investment capacity. Stay where fits and be consistent there. Whether on the main chain or the second layers, Hive rewards your passions, consistency, skills, time, creativity and even financial investments.

Join Hive Here
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What is Hive?

Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source

What is Hive-Engine?

Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.

About me...

I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree programm due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.

I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
Let's connect on Twitter

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4 comments
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My ratio is flipped... much heavier on the #Hive side: roughly $12,500 Hive and $2500 #HiveEngine. My delegated Hive Power is leaning more towards the Engine tokens for reward distribution though, so that counts for something! 😏

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Wow, awesome on your end. Investing your HIVE holdings for Hive-engine tokens in returns is another powerful strategy. On the long run, you'll reach a balance.

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I think the Hive rewards still outweigh Hive Engine, just based on the size difference and added author rewards... but I still think it's a creative approach that helps keep things diverse. I appreciate you saying so though: a little peace of mind in this huge maze. 🙏 Cheers!

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