It's time to say goodbye [The Terra.sinkhole Project Shuts down]
This project has given us the answer to question whether grassroots project with little funding can make a change for web3 game on Hive.
The answer is: the Hive blockchain has given us tools that make that possible, it's me who failed. Of course one might mitigate his failure with points about the @terracore lack of development or paste any reason here, but it's all just excuses.
I don't think I used tools provided by Hive in wrong way, but I guess I used them not often enough. Maybe if I was more active and put more time into, the Project would have been in a different place. However, even if I did, it still would be hard to keep up to secure the price of a token loosing it's value 15-fold... Yes, it's ÷15 in comparison to Hive. It's even worse if you count it in USD. The game itself also suffered because of it - the game was never about profitability, the dev made that clear from the very beginning, but some parts of the game became inaccessible for most of the players. Me personally, I hold the top 28th position of the game and I am unable to mint crates, get new equipment, do quests nor explore planets. This post isn't about the game's economy though.
There is one thing I want to boast of - This project has over 3% of scrap liquidity in pools.
You also should take into account that diesel pools with scrap have transactional volumes greater than liquidity and I think it is uniqe.
So what's the plan?
I guess it's an end so I suggest the following:
- Undelegate all HP (7 days)
- Ustake Total 'HP - 10 HP' (13 weeks)
- Convert Hive into swap.hive
- Swap Hive for scrap
- Burn scrap (I was wondering if transferring the funds to my player account would be a transgression), for now - even though it's tempting, I will simply burn it all aby sending it to @null
You can read about the rules of the project here
How did we do?
| statistic | value | change since last report |
|---|---|---|
| HP | 310.072 | +29.184 |
| Delegations | 1,242 | -38 |
| Hive account value | $88.15 | −$3.43 |
| Scrap burned | 0 | 0 |
| Scrap in LP | 334728 | +222293.5182 |
| Hive in LP | 11 | -4 |
There's an interesting idea
Why should you care?
For those playing the Terracore the answer is obvious - it may help your game. Those not playing might benefit from this Project as well, because it:
- Proves Hive usecase,
- Shows and proves (if succeed) the solution to issue of game token depreciation,
- Takes some Hive out of circulation - staked HP is not on the market being sold.
by @jocieprosza
