The Tribal Coins Look a bit like a burning wasteland

The Hive account@buynburn account uses its precious HIVE to buy and burn #hive-engine tokens. I've only earned about 45 HIVE so far and have burned about a million tokens. I will produce a full report at some point.

I write each post by hand qualifying the project for the precious #proofofbrain tribe.

The tribal tokens have really taken a beating these last few years.

So today I decided to look at the tokens page on tribaldex. Tribaldex lists about 1,250 tokens. Only 49 of these had trading volume over $1.00 per day.

I wish the page showed the hive value of the tokens. It shows the USD price. It does not calculate the marcap for tokens that trade under $0.00001 per share.

These struggling tokens still have a marcap. For example, PEPE was trading at 0.00000014 HIVE. There is a supply of 5.4 billion #PEPE. The HIVE marcap is 759 and the USD marcap is $53.13. I could have calculated the marcaps manually, but it was not worth my time.

For the table below, I sorted through the tribal tokens I recognized. WAIV, BEE and ALIVE are still doing great. Several tribal tokens are still stumbling on.

NOTE: One of the things that I dislike about Hive-engine is that it is difficult to tell what a coin does. Some of these coins might not be tribal tokens. I may have missed a given token. Please let me know which tokens you want me to follow.

I suspect that many of the tokens will recover after the current market slump. You can check out my wallet to see the burns I plan in the future. Several tokens have zero bids. It looks like I will be in a great position to buy and burn tokens this quarter.

NOTE, I avoid buying coins from myself. There are many cases where i place a sell order with my primary account and a bid with Hive account@buynburn. This tightens to tighten the spread for the token.

The Night Cafe Image shows a burning wasteland.