When do you know you are deeply involved with Hive blogging platform? The answer could be different from different people. For me, it is when I start to explore a coin that indexes top 10 Hive Engine Tokens.
I recently purchased 100 INDEX tokens. I don’t have all the details on the coin yet but I really liked the concept. The high level description of what the team is planning to do lured me to invest around 100 Hive.
I have been involved in the stock market and indexing popular companies is a common practice. When I realized the CTP team is indexing best performing 10 HE tokens then I decided to join the ride for fun.
Here is the HE-Index website if you want to have a look and join the party.
There are two benefits I see on this project.
1. Passive Income
I don’t have to worry too much about all the coins that are performing well in the HE market as this coin will manually index the top performing coins. The team is also promising to share 80% of the rewards (mining and curation) to token holders. I have not received anything so far other than the tiny amount of SIM. So, I cannot say much about that until we start to receive the full rewards.
2. Supporting Hive
The project is trying to help the blockchain grow by providing users/investors the investment opportunity. The more the projects are based on Hive blockchain the more the engagement is and will have a multiplying effect in retaining users. So, by supporting this initiative, I think I am helping the platform and minting rewards as well.
Leofinance has demonstrated how second layer tokens and projects can drive the momentum. I know that @ctp team is active and @jongolson is doing amazingly well with recent updates. And, there are other active Hive/Leo members supporting this project.
By the way, the index token made me aware of two of the tokens I have been avoiding so far - BLURT and DEC. If they are among the top performing assets in the HE market then I should definitely get into them. See, how you are being pulled into projects when on Hive. You are being pulled in every time you try to get out :P