FARM & FARMGOV - Small Volume, High Value
As far as tight token supplies go, it's hard to imagine anything much tighter than what's going on in FARM & FARMGOV right now.
As I write this, there are only 518.5 FARM and 119 FARMGOV tokens in existence. But one thing that is further compressing this supply is the fact that in order to get FARMGOV, one must stake their FARM. And this further compresses the available supply of FARM available for trade.
As such, the price of FARM has effectively exceeded its theoretical peg of $1/FARM set by @aggroed as to what will be accepted as a baseline value in future HIVE projects. Seen below, FARM is currently priced at $2.23/FARM.
Sure, this may be based on low volume, but then again... maybe that's because there's only a total of 1.5 FARM available on the ask side of things. After all, there's a total of 480.499 FARM currently being staked out of the entire 518.5 FARM in existence thus far. Yup, that's 92.7% of all the FARM out there.
That's not to say that it takes much FARM to be an effective miner in FARMGOV. Indeed, the 15th largest staker of FARM only has 7 FARM staked.
Anyone looking to small-game a super tight token might have some fun here. Game on.
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Only problem is you need to spend a lot buying the mining cards to get FARM as I have noticed, because you need to compete against all the people out there and lots have higher mining power and cards.
Might up my chance by buying a bunch of cheaper ones and hoping mine gets picked out but no luck so far with 21 cattle ranchers. I will be staking FARM anytime I get some though.
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Theoretically could offer an outsized amount for FARM now to jumpstart FARMGOV production. But yah, would need mining tokens eventually if the goal was to get more FARM. Last FARMGOV sold for 45 HIVE tough.
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That is always the case with miners, regardless of what it is. A lot of mining power is required to get anything of decent size out.
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I like this fact that this is rolling into other games. That means the value can rise even further as more use cases are added.
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Worth noting that FarmFarmer itself already allows the use of FARM as a currency to buy mining tokens with... Although anyone doing that might be perceived as foolish in the moment.
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Yes. That is the great thing about what is being built on Hive, we have lots of ways to put different tokens to use and increase their use cases.
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@videosteemit, One thing is for sure and that is on Hive Engine we are experiencing Decentralised Tokens + Decentralised Minds = Tokenised Gamification.
Have a great time ahead and stay blessed.
Agreed, a robust ecosystem should be helpful in providing entrapped value that circulates around.
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Yes.
Any idea what real use FARM is for? If no utility, eventually this won't last.
Another FARMer.
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FARM's use is somewhat two-fold: an in-game staking token, and an outside peg.
Whether it lasts or not will really come down to Aggroed and his willingness to hold onto his commitment to accept FARM in future hive-based projects. He's stated he'll accept and peg FARM at a $1 minimum in upcoming hive projects.
In a sense it comes down to an "investment" into the valuation of future hive-related stuff. In a time in which they're pushing to expand use cases for Hive engine, FARM doesn't seem like a terrible place to earn some value.
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cool! didn't know that, thanks.
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