Why i bought the Legion Token

avatar

image.png

I have been on the hive blockchain for over two years now and in my short time here I have never been an avid investor in hive-engine tokens. Reason being a lot of them have plenty drawbacks like little to no use case, low supply and liquidity, no investors, a couple of them have rugged, and so on. The list of hive-engine tokens is endless, but the list of hive-engine tokens that actually thrive is super short. As a result I have steered clear of most. But then, there are a few that are actually thriving and have showed signs of promise in the long run. I'd like to list them all out, but then the major purpose of this article is to focus on one of them, and that is the LEGION token (LGN).

image.png

The Legion token is the successor to the BRO token. The BRO token wasn't easy to acquire and because of its price it was a bit too rigid for day to day commercial activities which is why LGN was created to fill in those gaps. Legion was created to be the all inclusive token. The token where anyone can come in and invest whenever they want.

As far as utility is concerned LGN has just a hand full of utilities. For staking LGN you're entitled to a daily share of 30 hive depending on your stake. It may not seem like much, but drips add up over time so that's nice. Remember little drops make an ocean.

Then if you hold up to 2000 legion you gain the centurion role on their discord which gives you priority voting from the @wearelegion account, access to a special room in the Mancave server, as well as priority access to the discord game Serfdom and Sorcery.

@stickupboys are also doing their best to support the token. If you delegate to @stickupcurator you earn legion tokens. They are also selling their NFT records on rising star marketplace for only LGN.

image.png

My major reason for investing in the legion token, and I'm sure it's the same for a lot of people, is because it is the successor to BRO. A lot of people have seen how successful the BRO token has been and on hearing that a new token within the same ecosystem has been launched, there's some fomo in play so they invest. I am also one of this people who gave in to this fomo and so far, as far as hive-engine tokens go the Legion token seems to be doing relatively ok so far. The bear market has seen it struggle to maintain its 1 hive per Legion price, its still really close to that so its all good.

While the Legion has been an ok investment so far, I must say that it has still not yet reach some of the heights I thought it would have reached by now in terms of both use cases and value as well. @raymondspeaks, the creator of the token has said that a lot more use cases are coming to the token so I'm pretty confident he's working on that, but then it's been almost a year and I have not really seen a huge difference between LGN and BRO as of now. Hopefully some of his collaborations work out and LGN really takes off and becomes what it was created to be. As of now I'll continue to build my bags in anticipation of a brighter future.

~THANKS FOR READING~

image.png

Disclaimer: This article is just me sharing my thoughts. This is not financial advice. Please do your own research before investing in any token. Thank you.

Cover image is a property of the Mancave projects

Posted Using InLeo Alpha



0
0
0.000
4 comments
avatar

thanks for this, I think LGN has use case coming. Essentially Ray released it a year early to let people buy in. I know one thing though he will not stop developing it!

0
0
0.000
avatar

Oh that explains it. Yeah Ray's a pretty hardworking guy and LGN still has lots of potential. Looking forward to the future

0
0
0.000
avatar

ye there is also a buy back system in place making it essentially deflationary as well....just a long haul in this market lol

0
0
0.000
avatar

I am also planning to invest in LGN token. I would love to start investing there for the new year. Thank you for sharing your opinion and let me know about your thoughts.

0
0
0.000