@Mykos has a lot of trust in the BTCMYK project; so much so that he will be taking 100,000 liquid HEX and dedicating it to the project. The crypto sphere is complex and full of schemes and terrible projects. Sometimes what we need to do is have some faith and hope that projects will pay off.
As a curator of BTCMYK my only objective along with is to help struggling authors with a little more 'give'. The BTCMYK token is gaining some strength even with such small volume on the Steem-Engine platform. We are hopeful that BTCMYK will be growing enormously by the end of the month.
I know how hard it is to start off as a minnow and we are trying to proliferate this token strictly through manual curation. Manual curation is very time consuming. Some whales may receive the token, but we are trying our best to focus on lower rep accounts who have excellent posts. We will continue to drop these tokens but only now 50 maximum at a time.
What makes a token valuable? Well this question has probably a million answers to it. Sometimes it's nostalgia, sometimes it's speculative growth. Sometimes it's utility. At the end of the day many apply a tokens worth for what you can get for it. In this day and age it's the grand-daddy of crypto; BTC.
I have no relation or investment in this HEX which runs on ETHEREUM. To be clear there is a ton of controversy with HEX; one in which I am not here to debate at all. I am not shilling HEX or trying to pump it!
What I do know is that whatever the initial reaction to HEX will be; we want BTCMYK to benefit. Mykos has generously given 100,000 HEX tokens for the BTCMYK project. He is trying to put his crypto where his mouth is.
The plan going forward is this:
Every 30 day's from this point forward Dec 10, 2019 BTCMYK will stake 100,000 HEX coins.
- BTCMYK OWNS these tokens.
- BTCMYK will stake for 30 days at a time
- BTCMYK will withdraw the HEX tokens generated after 30 days and re-stake
This cycle will continue for minimum 1 years time. This means there will be approximately 6,000 liquified HEX per month that will be exchanged no matter what the price of HEX may be.
After the initial 30 day stake is over the HEX generated will be sold and we will be purchasing STEEM with it. We are not only helping BTCMYK but STEEM as well! That STEEM will be used to purchase BTCMYK.
We have team members that share the public BTCMYK wallet for HEX. Nobody will run away with the HEX as it's not in anyone's interest to do so. Plus it is staked for 30 day's at a time.
Again the main objective is to reinforce BTCMYK tokens.
If HEX goes to $1 then $1600 USD will go into BTCMYK. If Hex is only 0.01 cents then $16 USD will go into BTCMYK.
We hope to grow BTCMYK and make it valuable. Did we mention every transaction burns more of the token? So BTCMYK is not only being backed with another crypto asset; it is also deflating as time goes by. There will be no more 'printing' of this token. If you have any questions or concerns please feel free to comment or contact us on Discord.