POB token on sale? A look at HE-Tokens - VIBES

almost 3 years ago (Edited)

Today, POB is 88% staked. That is still pretty good imo, I think we should keep it above 80-90% so stake your liquid POB tokens and distribute POB through curation. The buy and sell market for ProofOfBrain token has gone through some turbulence recently, as it reached a higher valuation than Hive. Users see $$ signs and start cashing out, just like Bitcoin.

Remember selling your BTC for $100? Rinse and repeat. A little value goes to peoples heads, and there has been some intense drama unfolding in the community as a result. Some users attacking others because they have a big stake, or they have a big following. People spreading fear and dumping their tokens as the price drops. If you want to get out, all you have to do is post a sell order that matches a current buy. I look forward to users selling POB 0.50 so my buy orders fill. Maybe it is all over. Maybe panic selling POB is a good idea.

Will POB fall even further? Maybe. If users decide their POB is worthless and they just want to dump it, all the power to them. I still see value in the community and the token, and am staking my rewards. I have written about this before in my previous posts, What is Proof Of Brain exactly?, and Why POB is worth more than HIVE. I just checked again and you can see.

I don't sell more than half the POB I earn through curation, but I won't sell it for less than 1 HIVE. And with the price of Hive at $0.21 do you really think POB is only worth two dimes? Let's take a closer look. How much POB is there anyways? Well only 0.037 % of the supply has been issued so far, and it is being distributed through curation, so you need to stake it.

There is only 92,544.74 Liquid POB in circulation, not burned or powered up. That is enough for 5000 Hive users to have 18.5, if it was all for sale. On the books right now there is only 1252.429879 POB available, for between 1 and 1.13 Hive.

That is really not that much (cheap) POB.

Look at all these users trying to get POB for 0.1 Hive, it is not going to happen.

I am only suggesting that this token, that represents the very concept of all our Hive-Engine tribe tokens, is worth more than some think. In fact it is worth whatever we believe it is worth.

Let's take a look at the max supply of other HE tokens to compare.

Ok I have to remove BLURT from this LOL

And SPORTS too I guess. I can't even compare these high coin count tokens to the smaller ones because the graph is too small, or is the number just so unfathomably huge?

I have nothing against these tokens, I am just looking at MAX supply. I like BTC because it is scarce, I was a bitcoin skeptic for a long time because Silver is real and digital money can be unlimited right? I didn't understand how Bitcoin was mathematically limited.

There are some clear winners here with low max supplies, and I think that gives them an edge.

So it really looks like POB and VIBES have potential due to their Niches, POB as a concept of tokenized communities, and human meaningful efforts, and VIBES as the MusicForLife.io token for musicians. These two tokens have a max supply of 21m tokens.

You can see there are far less VIBES tokens circulating than POB,

however a comparable amount of VIBES are staked as a % of total circulating supply.

And VIBES have burned more tokens than POB so far, 1.24% of VIBES vs 0.4% of POB. I am just trying to look objectively at these tokens to understand them. If POB drops below 80% staked, I don't think the opportunity will be quite the same. MusicForLife actually looks like it is going to give POB a run for its money. Everyone loves music!

As you can see, VIBES tokens are still trying to discover their value.

Thanks for taking the time to look at these charts I just whipped up. If there are any inaccuracies I welcome input, what factors should we consider most when evaluating tokens?

Staked % of total circulating supply

LEO is also in this league.

I can forgive their max coin supply due to the use case they have built, with the LeoBridge and CubDefi. LEO is probably one of the best projects here hands down. Not to mention LeoFinance.io which keeps improving as an interface. LOOK AT THIS!!

Which HE tokens do you think have upside potential?

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leofinance proofofbrain musicforlife broadhive neoxian hive tokens lassecash pob

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10 comments

@thatcryptodave

almost 3 years ago

I like your perspective! And this is an important discussion to have alongside (or instead of) the political controversies. The supply, stake and burn of these tokens really does help paint a picture of the overall tribe trajectory... although I wouldn't include in-game currencies like STARBITS and SIM in the same discussion, as their supply needs to facilitate continued gameplay.

Thanks for shining your light on the bright side! :)

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@abimbola753

almost 3 years ago

Wow. Good analysis. I believe we can achieve 90% stake as long as we can get 80% now there is nothing hard for a determined mind. This is a good news for pob holders. When i first join hive community pob was sold for $0.6 but right now it is at $0.35 i still believe the price can still bounce back.

_{Posted via proofofbrain.io}

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@automaton

almost 3 years ago

With success will come the divide and conquer bunch. They like to create fear and doubt. And it is so easy to spot them. My advice is to ignore…They couldn’t stop Bitcoin and they sure won’t stop Hive.

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@chorock

almost 3 years ago

Great analysis.

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@allcapsonezero

almost 3 years ago

This is a nice look at the statistics. Thanks for putting it together.

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@hivebuzz

almost 3 years ago

Congratulations @hivecoffee! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

	You made more than 1000 comments. Your next target is to reach 1500 comments.

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@jersteemit

almost 3 years ago

Love your analysis and perspective of things. Wouldn't want to regret selling off this precious gem for peanuts, the reason I stake more. Better days ahead for POB

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@hivecoffee

almost 3 years ago

I am just explaning what I look at. It will be whatever we make it, but high staked % reflects high confidence. However one concern I keep reading about is the centralization of stake in the hands of a few. The distribution currently is like this. The top 7 accounts have a minority stake when compared to the 93% of other users who are going to continue accumulating more tokens as POB attempts to emulate Bitcoins halving mechanism and scarcity, applied to Hive.

No matter what chain you use this distribution will unfold. The pareto principle states this always happens. I am fascinated that we now have multiple communities with varying centers of power. No longer will users with large amount of HIVE be the only whales, there are now POB whales and LEO whales, VIBES whales and LOTUS whales. There are now many communities competing for your attention (and participation) across the Hive chain.

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