Transparency: This is a cross-post from Hive before we made this account.
Roughly 3 months ago we made a post on Hive stating that we will be creating our own token for our community/network. The token was going to focus on creating a stable UBI for people within our private network and we were planning on releasing it on the Binance Smart Chain (BSC); We also had an idea that we were going to release it on the Hive Second-layer chain.
Over the few months of our discussions, we were inching a little more towards supporting the Hive Ecosystem and taking a major loss just to establish this ecosystem on Hive, but due to recent developments, we're scrapping the entire concept for both BSC and Hive.
The reasons why we're moving away from BSC are quite simple. The fees are a little too high for our liking. We would have liked to work with Hive because of the lack of fees for transactions, and the extra amenities that allow us to distribute tokens outside of our network. Honestly, we would have had no issue taking a major loss at the start of the gate to pay for enrollment on TribalDex but it is very clear that there are questionable individuals with a lot of influence over the chain. Surely, it was a dealbreaker for us.
Now that Dogechain (Dogecoin's second-layer chain) has been released and developers are flocking to the project, we are prioritizing Dogechain for the new token ecosystem. Now, this project is still in its conceptual phase. We're still working out the maximum supply, and how coins will be distributed within our private network, while also being publicly available for those who'd like to hold the coins. Of course, distribution will remain on the private side of our network for stability reasons. There are still more details to come, so please follow for more.
We will still remain actively curating on Hive, and soon we will also be curating on Blurt as well. Hive (and soon Blurt) will be the location where you can get more updates regarding the token. If things go as planned you can expect to see the token live in Q1 2023 or Q2 2023.