Community post
ENG taking a beating!
Will it bounce back to 1 STEEM as it has done so often in the past?
Block sells at .601 seem to have stopped, could be an opportunity to collect some of these?
Is there a time-frame as to when ENG will need to be staked by tribe accounts - 1 ENG per user per service, right?
Replies (3)
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Been wondering the same thing. I think the ENG staking rule is very loosely regulated (if at all).
I bought some ENG on the way down at .8, .7 ... may pick up some more up at .60. The main thing that worries me about ENG is that demand for the tokens are down so much because hardly any tribes/tokens are coming about these days.
I think it is an 'if at all' at present, and the driver for collecting them (for me anyway) was that tribes would be required to vest them depending on services/stakeholders.
As you say though, new tribes are not appearing in numbers and perhaps people are selling in anticipation that SMT will take over, reducing the need for ENG?