To anyone posting links to earn gosh.
Can you explain what gives gosh tokens value in a single thread?
Then threadstorm what gives HIVE and LEO value.
To anyone posting links to earn gosh.
Can you explain what gives gosh tokens value in a single thread?
Then threadstorm what gives HIVE and LEO value.
Hmm for some reason I can only see one reply to this thread so I may repeat something, but it's kind of an artificial value on posh and gosh for now as @poshtoken will buy back tokens to somewhat maintain the price. -
Woops, a real reply just as I RTd.
Cheers :)
So right now its valued entirely by speculators and from you propping up the price from your own HIVE stack?
And as a large HIVE investor yourself, encouraging activity on chain is smart.
Early on that was true, but since it was a hobby project of mine with no pre-mine/team allocation I eventually got tired of "burning" hive buying it up so we created the "delegation for POSH" method...
So people delegate HP to a POSH Hive account.
The account earns rewards from the blockchain.
Then those rewards are used to buy/burn POSH to prop up the market?
Basically yes, they get POSH in exchange for their delegations. This also helped with passive investors who wanted to speculate on it but markets were always too thin/illiquid to buy into.
aside from paying devs and maintenance curation rewards and post rewards are now used to buy up posh and gosh through the @poshtoken.wallet account, we're not going to burn those tokens but have another idea in mind I wanna post about soon.
Plans are to build more things on top of the ecosystem though, sinks, utilities and hopefully a sprinkle of adrevenue from our website down the line when giving people a reason to check it out more often.
Whats the website that will be generating ad revenue?
Once front-ends actually monetise content from the blockchain and start using that to drive value to their layer-2 token, the game will change.
hiveposh.com, currently where people register their web2 accounts on, not much else there right now aside from a top earners list and recent posh eligible tweets list (maybe even gosh soon and place them onto their own tab)
but plan is to add more things to it to entice people to check it out at least once per day.
Interesting!
Well, good luck on your path to sustainability.
Outside money being driven into the layer-2 token is the key!
Yeah that is the long term plan, while we appreciate the use of the hive rewardspool for now due to the what posh attempts to do (drive traffic towards hive), we hope not to use that for too long for price maintenance.
Someone plz explain. I've done it twice just because. Lol.
Speaking of goshing.... Did you see the GM:FRENS announcement?
I have not. Where's the announcement?
https://alpha.leofinance.io/threads/view/l337m45732/re-leothreads-z3z9togj
Ayy, nice work!
thanks fren