Here I talk about the We Are Alive tribe and our ALIVE token, and what I do to build a market support level for it, and it is great to see that more people are joining the effort.
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Hi there and welcome to my vlog, my name is Erik Gustafsson and I go by the handle @flaxz.
We Are Alive - Building Market Support For The ALIVE token
The rewards token of the We Are Alive Tribe on Hive-engine is called ALIVE, and right now we are busy building a support level for it.
So far we have a very wide trading range, from about 0.041 Hive in standing buy orders to 0.4 Hive in standing sell orders, and people are actually making a few market orders in both directions right now.
As for myself I am adding limit orders to buy ALIVE tokens, and to get the current level up in a long term sustainable way, and others are also adding standing buy orders around those levels, which is really great to see, thank you very much.
I do not know where we will level off and the buy orders we put up will start to match the sell orders that are made, but I think we have a bit to grow more, and by adding more standing buy orders and slowly raising the level we can also support it long term.
Now this level is also separate from the buy wall that I am sustaining at 0.02 Hive, which is my promise, and that is there to make sure that the price the founders paid for ALIVE tokens is the cheapest that they will ever be.
Right now the use case of the token is as a rewards token that can be staked to use for curation in our tribe, but I have big plans to increase this a lot going forward.
And one thing that is being built right now is the @aliveprojects account, I earlier donated my dCity to that account, and I am busy building a financial income machine there using a combination of DHEDGE and BRO as the base, and then using half that income for compounding and the other half to buy and stake ALIVE tokens that will be used to delegate ALIVE Power to tribe member projects once token delegation has been enabled.
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