You are viewing a single comment's thread from:

RE: The Importance Of Token Distribution

in LeoFinance4 years ago

Cheers for the interesting post! It's certainly important to focus on the distribution of tokens as well, as you've said, since the most of us are continually looking towards the price all of the time. This is especially true with DeFi becoming an ever growing ecosystem, and with platforms that run on a Proof-of-Stake model.

There's a lot of potential in the future, and you're right in that there's more variety and widened distribution of wealth across DeFi, compared to the traditional order of finance. What we need to see now is increasing diversity in how tokens are held, between the whales and the minnows swimming along. If it keeps going the other way, then DeFi will be no different than having to face the inequalities of wealth that we see often today.

Thanks, and have a nice day :-)

Sort:  

Certainly, the DeFi world, as it is termed today, is moving more towards centralization. Of course, if we look beyond the "traditional" DeFi such as those on Ethereum and focus upon all the financial aspects of crypto, then we do see a move the other way.

On Hive, while not a lot of true DeFi, we can see a lot of wealth being generated outside the main Hive node. Obviously, most is not worth a lot in fiat terms at the moment but that could change in the future. It also could result in a lot of wealth when priced in HIVE.

Posted Using LeoFinance

Ah, interesting. The Ethereum chain is indeed growing ever larger and more diverse, and it'll be intriguing to see what happens when ETH 2.0 rolls along later. For now, HIVE isn't worth much on its own, but with good growth and further adoption coming soon, we might be nearing an end to seeing $HIVE being priced in the cents. That's the hope, and my goal anyways :-)

Cheers!

Some of the tokens on Hive-Engine are starting to move as they find more adoption.

There is a lot taking place outside the main space.

Posted Using LeoFinance

Oh, I'm just learning about this now, though I haven't checked it out since I pretty much left Steem-Engine on its own. Cheers!