Supporting Liotes Community in @risingstargame With Hive NFTs Spotlight
I like supporting community projects on HIVE. We need long term users that are on chain regularly. It is great to see multiple communities work together to help each other grow. The network effect can be powerful. That is why most people don't leave their familiar social media or get stuck with WhatsApp for their communication. We need strong enough communities on HIVE to make sure the users don't run back to the far worse Web 2 alternatives.
Introducing S107 Len
This launch is a collaboration with @liotes community created by @ph1102 and @achim03. Both of them have been on HIVE for a long time and has skin in the game.
I'm using Hive NFTs marketplace for this task. One could consider similar to OpenSea, but on HIVE and exclusively focused on games. In other words, these NTFs being sold on Hive NFTs marketplace has real utility. If you remember collectible card game (CCG), also called a trading card game (TCG) such as Pokémon, Magic: The Gathering, etc. you can think of as these NFTs are Cards put on a blockchain. They cannot be worn down and the games don't have to happen at physical locations.
Official Announcement
When I saw the price in STARBITS, I checked if the Card was available for LEN (Liotes Energy). Turns out this was the case and the next objective is to see if there is a difference in prices. This is very easy to do once you learn to navigate the UI.
Same Card; Different Prices
HIVE-Engine does not have a stablecoin as a primary trading pair. That is not going to be a problem when analyzing relative value of a certain number of Tokens. Having priced in a volatile cryptocurrency such as $HIVE is a problem when analyzing the change of prices over a period of times. Most of the world is operating under fiat money (which is guaranteed to loose value over time). Since the loss of value for strong fiat such as USD happen very slow, they can appear relatively stable.
IIRC, the value of a million STARBITS was close to 500 $HIVE few years ago. STARPRO has been doing great for a long time now. If anyone aims to invest, STARPRO is what I recommend. Keep just enough STARBITS for ongoing use cases. For an example, I maintain at least 1 million STARBITS balance for STARBITS Millionaire Mission.
I did the calculation and found out that purchasing S107 Len with LEN is 2.29X cheaper than the STARBITS route. One could attempt an arbitrage trade of buying the Card with LEN and then selling it at a profit for STARBITS. Considering the liquidity and non divisible nature of NFTs, I won't recommend it. Buy the Card for yourself as I did.
Easy to Use Shopping Cart
There is no need to buy Cards one by one. For those who are only looking to buy one Card, the shopping cart experience may seem like an overkill. If the feature wasn't available, anyone who is not a minnow will have trouble as they deal with more Cards at once. If we need to make the lives easier for the Whales invest more in Rising Star, we need to make it easy to trade assets.
It was a simple piece of work and now I have my Stats improved as following (while supporting a collaboration between two long term builders on HIVE):
- 100 Fans (I have enough)
- 100 Skill (I need more)
- 5 Luck
- 5 IM
The best part of the entire investing process is @risingstargame developers not having to spend their resources on building a great marketplace for the Cards. Decentralization allows permissionless development to make the lives easier for both developers and players. When there are third party marketplaces for Web 2 games, they are often met with hostility. That is one more reason we are better. Blockchain gaming is the future of multiplayer games. Single player should remain unchanged. Web 2 multiplayer games are broken. Hence they need the fixing. There is nothing to fix on single player games. They only need better creativity and smooth gameplay.