Token Economy

The Hustler Miner token is a Hive Engine smart contract token that was one of the original tokens of the HiveHustler ecosystem. It was used as a ‘mining’ token, meaning that it distributes the Hustler Dollar token, which was originally meant to be an ecommerce token for the community.

A little history…When the tokens were originally issued by the initial creator, @nulledgh0st, the miner tokens were airdropped to holders of the CTP and LEO tokens. The issue with the release of the token, is that it came before a use case. As several attempts at a use case were attempted, it never caught on. At some point, @nulledgh0st, burned approximately 90% of the miner and 80% of the dollar tokens, leaving only 10% and 20% of the original max supply left in circulation perspectively. The markets for each tokens took a big hit along with the community when this happened because burning that amount of tokens didn’t really look good for the faith of the project.

In the beginning of the community creation, many partnerships were created, including a partnership with the Hivelist community and it’s creator, @thelogicaldude. At first, the beginning was inclusion of Hivelist into the HiveHustlers Discord server, then Hivelist gave the Hustler Dollar it’s first use case as a method of payment in the Hivelist Store.

In the beginning of 2021, @thelogicaldude acquired the HiveHustlers account which included the issuing account for the HUSTLERM and HUSTLER tokens and took over the community development. In this period of rebuilding for the HiveHustlers community came some decisions on how to handle the Hustler tokens. Thoughts were to do a token burn and swap for the Hivelist Token, but would have been a difficult process. So a new use case was brought to the Hustler tokens to try and revive the value in the community with some adjustments to the smart contracts… Mining tokens for The Hivecommerce Token.

You can also now earn HUSTLER Dollars by posting and curating on our community at https://hivehustlers.io or using the #hivehustlers #hustlern or #hivecommerce tag on your posts! If you stake the rewards, it adds to your COM mining abilities.