/biz/ - Business & Finance

>>22799280
This.

Plus HNY is 1HIVE's governance token. Honeyswap is one of 1hive's projects, it's not all of it. There's gonna be farming on 1hive.

pic related.

>>22780747
$HNY is the governance token for 1hive, not just honeyswap. 1hive are about to release farming on xDAI. pic related.

>>22718269
>till it got discovered

I think this is an important point. This thing has no coingecko, no coinmarketcap and the telegram has around 100 members. nothing. So on that front it's great because we're still under the radar.

The inflation doesn't worry me too much. Last time rewards were sent, it was 0.16 HNY to less than a hundred addresses, of which very few sold immediately. If I understand it correctly, the faucet rewards should decrease per address as more addresses use it.

What worries me is the marketcap is already somewhere between $7m and $10m. How is this gonna pull off a 10x or 20x from here? I've seen price targets thrown around that imply this...

On the other hand I've also read rumors (on telegram) about the supposed farming mechanism that will be launched shortly on HNY. That could be the catalyst we need for real growth. pic related.

TL;DR, I'm still holding.


t. $220 avg-buy-in bagholder