What is Duo?
DUO is a hive-engine (2nd layer) token, which entitles the holder to a variety of benefits.
DUO stands for: DIVIDENDS, UPVOTES and ONBOARDING
The purpose of the token is to encourage new users to the platform (onboarding), helping build accounts with daily upvotes and rewarding top holders with daily dividends.
DIVIDENDS
By becoming a DUO holder and ranking as a top DUO stake holder, you will receive daily liquid HIVE rewards. This is a brilliant way to build your account just by holding a token!
I currently have 300 DUO staked and I just received 0.05 HIVE as a daily dividend for ranking 21st. If I up my stake, I could also climb the ranks and up my dividends!
UPVOTES
By staking DUO token, you will receive one upvote per day, the weight is determined by your stake. This is a great way to help build up your account.
Holding 300 DUO stake, I receive a 45% upvote. The curation account is growing it's HP every week, so the vote becomes more and more valuable over time. The curation account has just shy of 13K HP. This will continue to grow over the coming weeks, months and years.
I get a $0.044 daily upvote for my DUO stake.
ON BOARDING
Funding produced from this investment venture, when you purchase DUO tokens, goes towards buiding up HIVE POWER and curating newly onboarded new users onto the HIVE platform. Details are in the DUO Whitepaper.
Learn more about the "HIVE ON BOARDING COMMITTEE" check out their community page here.
But Wait, There's More!
In addition to supporting onboarding new users and upvotes and dividends, the DUO token can be a tipping token also!
If you stake 500 DUO, you can tip the token using the !DUO call. The user will receive 0.1 DUO and spread the word about this fantastic investment opportunity.
Cost
DUO is currently sold at 1 HIVE, as the first batch (0.5 HIVE) sold out. Once this batch sells out, we will see the DUO price go up to 1.5 HIVE and then 2 HIVE.
https://beeswap.dcity.io/tokens/DUO
https://hive-engine.com/trade/DUO
https://tribaldex.com/trade/DUO
Spread the Word
I'm tagging five people who might be interested in this project:
@pepetoken
@pepe.voter
@tydynrain
@trumpman
@fermentedphil
Conclusion
After reviewing the benefits of the token, it seems clear that this token is set up for success. Because of the mechanics of curation and dividend rewards and increasing token value, all of these factors work together to make a token with a good ROI.
How long before actually profiting from this token? It all depends on growth! The more tokens that sell, the more HP and curation rewards (given as dividends) and the more valuable the token becomes.
Getting in "on the ground floor" allows HIVIANS to purchase the token while it's affordable. Once it reaches 2 HIVE each, reaching those higher benchmarks could be a challenge.
I hope this has been informative and insightful. For further questions or details, I would refer you to the DUO Whitepaper.
Have a great day!
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