BBH Token Analysis
Bitcon Backed Hive (BBH) is a Hive Engine token created by @bradleyarrow.
The goal is to have 1 BBH equal 1 Satoshi. With a combination of Bitcoin holdings and hive-112281 account growth.
Supply (Circulating / Total / Max)
99989973.00 / 100000000.00 / 2100000000000000.00
Interest
@bradleyarrow sells the token for the value of one satoshi, and sends SWAP.HIVE, LEO and ALIVE tokens to BBH holders every Saturday. He runs a tipping bot @bbhbot that reacts to the !BBH command by sending 1 BBH to the tipped author.
Considering that the token is designed to be one satoshi worth and would gain value, I gave it a small try and bought 250k BBH a while ago.
Risks
@bradleyarrow owns almost the entire circulating supply, 97304630.33 BBH. We need to trust him. The value of the token depends on his honesty, his wealth and his longevity.
250k BBH will take a long time to sell at a good price. The Hive Engine 24H volume is very low ($5), the spread is wide, and most buy trades are about a thenth of HIVE.
Backing
@hive-112281 owns 452 HP, 81 HBD, $550 in Hive Engine tokens. No evidence of bitcoin holdings.
The total account value is about $770. This confirms the value of 0.027 BTC of BBH sold to investors, or approximately $755.
Holding Experience Report
Here are the drips received from @bbhbot for holding BBH over the last 4 weeks:
| Date | Amount | Currency | Market Bid Price | Hive Value |
|---|---|---|---|---|
| 10/07/23 | 0.52774059 | SWAP.HIVE | 1.00000000 | 0.52774059 |
| 10/07/23 | 1.177 | LEO | 0.11946010 | 0.14060454 |
| 10/07/23 | 11.2904 | ALIVE | 0.02700002 | 0.30484103 |
| 09/30/23 | 0.52759217 | SWAP.HIVE | 1.00000000 | 0.52759217 |
| 09/30/23 | 1.171 | LEO | 0.11946010 | 0.13988778 |
| 09/30/23 | 11.238 | ALIVE | 0.02700002 | 0.30342622 |
| 09/23/23 | 0.52915585 | SWAP.HIVE | 1.00000000 | 0.52915585 |
| 09/23/23 | 1.177 | LEO | 0.11946010 | 0.14060454 |
| 09/23/23 | 11.2936 | ALIVE | 0.02700002 | 0.30492743 |
| 09/16/23 | 0.54021486 | SWAP.HIVE | 1.00000000 | 0.54021486 |
| 09/16/23 | 1.204 | LEO | 0.11946010 | 0.14382996 |
| 09/16/23 | 11.5471 | ALIVE | 0.02700002 | 0.31177193 |
| 09/09/23 | 0.54141036 | SWAP.HIVE | 1.00000000 | 0.54141036 |
| 09/09/23 | 1.205 | LEO | 0.11946010 | 0.14394942 |
| 09/09/23 | 11.5518 | ALIVE | 0.02700002 | 0.31189883 |
| Total | 4.91185550 HIVE |
I own 256,098.99 BBH, it is worth $72.678. The USD value received during this time is $1.546.
The monthly ROI is 2.12%.
It's a good return, but I doubt it could scale well.
😎🤜 that's a cool token and a great ROI!
It's a good return just for holding. But I wouldn't bet much more than that. !BEER
View or trade
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Suggestions are always welcome.
I hope you will do more analysis every month or two to compare.
I will have to explain the BTC holding issue again in next post. To let newer people know.
Thanks again.
!BBH
Thanks for the drips. Information on the BTC holding will be interesting. !BEER
I have written about it in the past. But I will do it again. Short version. Compromised Keys. Account drained. Been rebuilding since. Never gave up.
@droida! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. (41/50)
View or trade
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