Why Hive social media tokens or community tokens are very underrated?
SMT's smart media tokens and community tokens of Hive blockchain have a lot of hidden potential but right now these tokens are hidden within the Hive ecosystem. When a new user joined us from any dapp and Frontend bulid on hive he asked many questions about hive communities and smart media tokens, like where to buy or sell these tokens, how to create a token on hive, which wallet supporting SMT's etc
Thats why I decided to write about this topic why i think smart media tokens are just getting started these tokens are still undiscovered and most underrated tokens, even not all hive users have complete information about these tokens
You may don't know it will cost you only $12 to create your own smart media token on hive blockchain with few clicks.All you need to have 100 BEE Token to pay as a fee, After buying BEE token from tribaldex.com Click on create token and put some basic details that's it
You can also buy BEE token from
hive-engine.com and leodex.io or any other decentralized exchanges bulid on hive blockchain but for token creation you have to use tribaldex.com. If anyone knows any other exchanges where we can create smt tokens please share with us
As I said it will cost you only few dollars to create a token on hive blockchain, tokens creation process is also so simple as compared to all other blockchains, All you need is to enter total supply of the token, token name, token samble and website then click on create that's set you have your own token on hive blockchain
So now you have your own token on hive blockchain so what is the next step,if hive blockchain have very simple and straightforward process to create a token it's doesn't mean you create token without any use cases or plain. Because without liquidity or demand any token is almost useless
If a smart media token have real use cases and project behind it users will definitely buy it like Leo token and sps token etc, currently we have hundreds of SMT's smart media tokens created on hive blockchain and listed on hive-engine.com but only few top have some good trading volume
Now the point is social media tokens and community tokens have a lot of potential, these tokens are the backbone of Hive ecosystem, but still we have to remember it, not only on hive blockchain even on ethereum and binance smart chain or any other blockchain, token without proper use cases and demand are worthless
If you don't put extra work or effort to make your token valuable enough to buy nobody will buy it, just creating a token is not enough. another thing is currently hive blockchain social media tokens are not supported or listed on any exchange or wallet outside hive ecosystem that's why many people do not even know about it
I personally think as time passed we will see more and more successful dapps and communities will create or build on hive with their own tokens like @leofinance and @splinterlands. Hundreds and thousands of users within the Hive blockchain community and from other cryptocurrency communities eventually will discover these hidden gems of Hive
All we need is to keep building or growing hive blockchain ecosystem, like @splinterlands set an example not only created a real use cases for their own community tokens like sps they also able to listed and introduce SPS token to many other cryptocurrency and blockchain communities by listing sps on some top exchanges in the world. All we need is to learn a lesson from @splinterlands which is a most popular game on hive and their tokens sps, DEC are most valuable tokens created on hive. Same is true for @leofinance and its Leo token
Note : leofinance community celebrated 15th of every month as a LeoFinance power up day LPUD in order to encourage and appreciate their community members and users. so next LPUD is coming in two days on 15th January 2023 all you need is to power up your LeoFinance account with minimum 150 Leo tokens in order to participate in LPUD or in order to won a lot prizes and benefits in Leo power Delegation
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https://twitter.com/992897738810580992/status/1613606372310147073
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