Proof of Brain boom

It's another week done and dusted on the Hive block chain with significant market volatility on the Hive Exchange. But as we have now hit mid year we're starting to get to see a clearer picture of what communities and tokens are emerging.

Proof of Brain emerges as more than just a tag with its token price rising to 1.8 Hive per token. Community contests and initiatives to lift engagement and build the community evolve and more people are starting to use the tag and post within the community.

Since proof of brains inception battles have emerged between top spot and who will retain the PoB highest token count. With a completely anonymous creator that people still haven't been able to identify, PoB is proving to be Hive's go to community for creating content.

As with all things community, factions have commenced emerging and people have been disputing each other over voting trails. Early adopters like myself have seen significant growth in the value of our token holdings with a small amount being able to mint a number of tokens.

Those on the higher end of holdings are able to create and contribute a significant amount of wealth to the Hive ecosystem. In summary my 1500 holding is able to mine just over 2 PoB at 100% upvote. PoB sitting at 1.8 Hive per PoB equates to almost 4 Hive per upvote. That is over $1 per upvote closer to $2.

For anyone on the block chain being able to mint $2 per upvote at 100% and if we follow the current voting power mechanic's and not vote more than 10x to remain above 90%. That is an astonishing $US20 per day. To deliver that with Hive alone is in excess of 50,000 Hive.

So as PoB rains down cash upon users it continues to surge moving up in the recent @arcange data. As the community grows and more Hive users adopt the tag and community group this may flood the market with cheap tokens and putting sell pressure on the community group. However, this will be some time still as people rush in and buy up tokens to increase their upvote power.

PoB has come to rise at a time where Leo and CUB have suffered UI issues, token price drops and whale exits. Market confidence has been shaky, I still remain focused on building my Leo position and CUB holdings but many have since left.

Noting UI issues still occur with LeoFinance where notifications and responses do not adequately show up. I've noticed this issue hasn't only just impacted me with dropping in my engagement but many others too.

CUB Finance has showed an increase in token value and Total Locked Value continues to rise since the launch of Kingdoms. I personally see a wonderful future for the Kingdoms project on CUB Finance as it is an easy access rout for Hive users to Defi. The ability to increase your holdings and return to Hive Power is a lucrative option.

PoB lags behind with use cases and UI but as previously mentioned a UI based on Ecency is in the works. As well as possible purchases through online stores.

The growth of both tokens will interesting to watch develop over the coming months.

What are your thoughts on PoB, is it here to stay or will it fold?

Image source- Canva Pro Subscription

Posted Using LeoFinance ^Beta