Hive Engine Token Reviews: A Closer Look at CHARY

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The Hive Engine token allows you to add a layer of donating through the token: Chary which is bought and traded on the hive engine.

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The Chary Interface allows those who are looking to receive financial help to mix with those wanting financial help.

Those who are looking to receive extra funds to support local projects, post through the Chary App. The curators go through the posts and vote on the ones which they believe in.

Those who are giving help can do so in two different ways:

  1. They can send Chary, to any of those posting with their needs

  2. They can upvote the posts of those who they wish to help.

Those who receive Chary, then go to the Engine, trade their tokens for HIVE and then sell the HIVE as they see fit.

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The price is stabilized by the founder of the group buying Chary, as he has mentioned in his posts. It is also stabilized by those who want to give charity when they buy the tokens.

The Chary tribe gives the writers most of their tokens as the curator/author split is 5/95.

I bought a few Chary tokens myself and am glad to HODL them as a way of giving Charity on the Engine.

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7 comments
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Yeah, CHARY is a great token with huge prospect and has the capacity to aid onboarding as off-chain beneficiaries could have to give a second thought. It's a project that requires great support at this stage and in the future, could be a opening for adoption of Hive blockchain by the masses.

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I like the 5/95 split. You can give to charity and keep your tokens, but you won't be making money off of someone else's charity project.

Thanks for commenting.

Posted Using LeoFinance Beta

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Yeah, really a cool tokenomic for Charity. In the first place, buying and staking some good amount of CHARY to curate charity blogs is already a huge support to the project.

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Yeah, really a cool tokenomic for Charity. In the first place, buying and staking some good amount of CHARY to curate charity blogs is already a huge support to the project.

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