Hive Goals A Recap Of Things To Come
It's been a little time since I've done one of these posts and being that it's a Sunday and news is rather quite and there's really no big updates with Hive lately to go over it seemed like a fitting time to write one of these up again.
Please note this article is in no way meant to put anyone down or show off. What it is for is to show others what is possible with continued time, worth ethic and building connections right here on hive and InLeo.
Many of my own personal goals for the year have already been meet so right now we are kind of in stretch goals or refocusing a bit into other areas which I'll go over below.
$HIVE
Goal: 200,000 Current: 106,579 Needed Per Day: 334.84
This is a stretch hive goal really my main goal would be around the 150,000 mark but that's also going to depend on a few factors. For the last few months I've been stacking LEO tokens faster than hive and focusing mainly on there. Starting tomorrow though hive will start building faster as I swapped some things around.
My main goals here are mainly to just keep stacking Hive I really have no plans on selling it at least not until it's holding above $1 or more then I'll start taking some profits here and there. I've been building this thing for nearly 8 years now so I think it's time to take some profits later in this bull run if Hive can manage to push higher.
Outside of that HBD is starting to become a main focus now. Mainly because it's so liquid and earns a good amount. Hive gets locked up for what feels like forever and earns a fraction of what HBD does right now. Plus with small price movements in Hive and nothing really showing me a main push higher yet it seems like a decent play.
$LEO
Goal: 150,000 Current: 134,601 Needed per day: 57.45
At the moment I'm on pace with this if not growing a little faster. I could have pressed this further but decided to change up pace a bit when the price of LEO started to climb to $0.12 per token and the rewards started to fall by a rather decent amount.
I'm unsure of what will happen next week when Leo opens the floodgates for a new defi liquidity platform. Either a lot of people are going to use it or it's going to end up like Cub and Polycub were no one uses it. My hopes are it gets used and we at least see a return of $0.25 per Leo or better that stays steady.
The reason for that is it would feel more like the last bull market at that point. Where posting on hive was generating $50+ a day from a single post and not even threads. So it would of course be nice to return to those levels again.
SPS aka Splinterlands
It feels like some people are bailing on Splinterlands lately. I guess having a DAO where people don't agree on things creates tension and when people don't get their way they have a fit and sell off lol. I mean whatever honestly it's up to them. However for myself I feel like we are at lows now where the investment is so small that the risk to reward ration is massive and I mean massive in a good way.
With SPS now being under 2 cents and the rest of the markets doing pretty decent the though process of a 100% gain means SPS only needs to have a bump to 4 cents. This is where risk vs reward comes in. I could throw 9k fiat into the game and hit my SPS goal and if it comes crashing down I lose 9k if it doubles though I just doubled my money.
Splinterlands has a number of issues at the moment.
A result of hyper inflation on cards, packs and DEC primarily are the main issues now that are keeping prices so low. We should be hitting the mark here soon with SPS the the print values will be starting to fall as we reach past the half way mark.
Lower player count. A lot of the above was the result of welcoming in new players, mutli accounts and bots. This resulted in a high inflation while the players where around but as that died off and these accounts stopped playing, buying and ultimately started to sell their assets it's resulted in a price crunch.
Miss management of company funds with over spending and not planning for the future has resulted in one of the hardest hits to the company ever which is going to take a while to come back from and in a way it almost feels like this is somewhat still happening. My hopes are it's not but times will tell.
GLX and Colony
To be honest I thought that the moon kart game was going to be out within a week after launch. However yet again there seems to be delays after delays and GLX honestly hasn't had a lot of love. I think once we saw the first game play footage people kind of got turned off wondering why it looked this way after over a year of planning and tons of funding in the bull market.
Outside of that I'm still building my GLX and Colony tokens because why not. The team has been putting in the work, show commitment and also show the willingness to address issues as best as possible which I feel over time will end up being a benefit to the ecosystem rolling forward.
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Thanks for sharing your insights and point of view.
I moved out of HBD to Hive earlier this year in anticipation of the bull market and a spike in price, but so far I am still waiting :)
But I think of it as a chance to stack before the crowds come.. :)
I didn't know all these things about Splinterlands, but I did notice I was winning more !! LOL so the competition is definitely down..
I wish the rewards were better though, 0.06 SPS when SPS is two cents is not much reward, niether dollar value nor stacking value.
I know it's higher in the gold and diamond ranks, but I wonder if the bulk of the players are in the lower ranks?
The lower ranks of beginners are not being incentivized to play with such low rewards.
I was stacking SPS by buying it with my Cub rewards, but that is gone now.
So I need another plan. It's harder to get money into the ecosystem now with the loss loss of centralized exchanges and the changes in buying crypto with credit cards and paypal. But I press on.
I think your right that a sizeable investment into SPS right now is a very doable way to increase my SPS stack at what are historically low prices, but I have some concern about it's ability to rebound when the rest of the market takes off.
It feels like for SPS ranking rewards that SPS is far too consecrated in just champions. I'd honestly love it if the team could show us a breakdown.
I agree, I think they decided to shift the rewards upwards, perhaps to reduce rewards to bots. But it also shifts rewards away from new players and I think stops the flow of new blood into the community. I know it must be difficult to run a game like Splinterlands, and every decision has pros and cons. I just wish the decisions would always balance the need to suppress bots with the need to encourage and incentivize smaller new players.
I understand the need to reward longstanding players, but I have been a player for a while now, I just can't make any head way with the way they set you back every season even though I like to play daily. If they wanted to reward players for longevity, reducing the amount of poijnts they take from you each season would be a helpful reward for longer term players. They could ven require a decent number of cards, as I think it is easy to accumulate cards playing the game.
I don't know much about GLX the game or the token, so I will look around Hive for some articles.
Thanks for mentioning it, if people are down on it, it may be a good time to purchase tokens.
I agree with the problems you listed regarding Splinterlands.
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You've got a lot of goals, how can you manage to achieve them? Do you buy or just pure content creation and curation rewards?