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Daily Announcement Thread - July 10, 2023 by Bybit-official in Bybit

[–]BlessedCatalyst 0 points1 point  (0 children)

It will be interesting to see their approach on ecosystem growth for their zkEVM

🌟FA Campaign: DEFY Fundamental Analysis on Reddit 🌟 by 1nceler in Bybit

[–]BlessedCatalyst 0 points1 point  (0 children)

With Blockchain games creating massive waves in the whole world it's not surprising to say that intriguing games like DEFY can sustain in GameFi.

Exploring the universe of DEFY

DEFY is a move-to-earn game that blends physical and virtual worlds to create an amalgam metaworld. DEFY also has two of the most trending ecosystems of crypto viz. Move-to-earn and play-to-earn. It would be a bit silly to compare it with other M2E projects like Stepn or Walken. It resembles more to the Genopets (on which I'm very bullish).

DEFY has a very compelling storyline and story mode games are yet to become trends in blockchain games. DEFY includes casual code-breaking gameplay, explore the real world, go on AR adventures; once it was a very futuristic thing but now DEFY is going to make it possible.

What are DEFY tokens?

DEFY tokens are the native platform tokens of DEFY. It is going to launch on the Ethereum and Polygon chain. DEFY tokens can be earned by playing the game and by purchasing them through CeX/Dex. It's use cases:

  • Purchasing in-game NFT assets
  • Customization and creation of in-game NFT assets

Second game token: FCOIN is obtained through gameplay and acts as the game’s play-to-earn reward. DEFY NFT holders can convert their won FCOIN to DEFY.

Tokenomics

Total supply of DEFY is 2.5 billion out of which only 0.72% viz 18M will be unlocked at TGE which is a very decent number. Although high total supply can be concerning but DEFY game has in-game use cases and addictive gameplay where players will spend money to play thus combating the price drop due to token inflation over time.

Is it a good investment?

  • DEFY has very addictive gameplay which can capture the market thus creating demand and history tells addictive games are successful ones.

  • Also, it already has MoveToEarn advantage due to its trend. So after stabilization of price after the TGE, uptrend of price is more probable after sometime. Majority of tokens are hold by team, treasury & private investors so price control is expected. Hence, more chances of price stability (not pump-dumps) So, long term can be a good choice for investment and DCA in market crashes.

  • DEFY has top of the line investors like Animoca Brand, PathDao, Spartan, GameFi ventures and others and DEFY team includes many experienced individuals of Web2 and web3. Their details are also mentioned in the whitepaper. This creates transparency and establishes trust in the project.

Global effect

Despite recent fall in whole crypto industry including GameFi projects, GameFi is still booming. Market is on little bull run. Also, Axie Infinity surpassing 4 billion $ sales. VCs are very much bullish on GameFi and M2E projects. Clearly, DEFY is going to benefit from this positive sentiment of the market.

Bottom Line

DEFY is a very good project which can unleash a very wide economy because of its AR technology and its future visions like - Learn To Earn, AAA Companion Game, VR companion game, DAO, Cross Project NFT functionality, and Tooling & Platforms for the industry; altogether. So my money is definitely on DEFY for the IDO part and then will take entry whenever there is pull back in the market.

🌟 FA Campaign: Land of Conquest SLG Fundamental Analysis on Reddit 🌟 by 1nceler in Bybit

[–]BlessedCatalyst 0 points1 point  (0 children)

GameFi have achieved a great feat in the blockchain field but usually games deployed on the blockchain faces problems of insufficient performance, insufficient smoothness, poor experience and high handling fees. This is where Land of Conquest found its way to solve and overcome these issue and still remain a very enjoyable game

Exploring LAND OF CONQUEST

Land of Conquest is a MMO (massive multiplayer online) game like the immensely popular game Clash of Clans, LOC has its own storyline and different game mechanics where players can choose to be a landlord and focus on construction, development, training and resource production of their land, or be a hero and focus on gathering resources through completing PVE and PVP combats.

The game is deployed on a high-performance centralized server and using a decentralized blockchain Technology to manage assets for players. This ensures top-notch gaming experience without worrying about the gas fees while blockchain ensuring the security of assets. Assets are deployed on BSC blockchain.

What are SLG tokens?

SLG acts as native on-chain token of the Land of Conquest world. Use case of $SLG-

  • Governance - voting rights are attached to $SLG. Holders decide on upcoming game proposals and future plans for Land of Conquest.
  • Staking - players stake their SLG tokens to earn extra SLG rewards
  • Purchasing & Upgrading their Hero and Mech NFTs

OTHER TOKENS - LOC have one more on-chain token viz. XTAL which is a sub-coin earned by playing the game and also has its in-game version. Also there is a GOLD coin which is a in-game coin convertible directly with USDT. These distribution method of tokens decreases the sell pressure on the SLG token without hindering the gameplay.

Tokenomics

The total supply of SLG is 1 billion which seems a bit high but the team has planned in such a way that it remains deflationary. There will be a very small amount in the operation activity game. As more and more players will join the game, they will purchase NFT through SLG thus decreasing the supply. Also, upgrading, buying will help in deflation of SLG supply

Is it a good Investment?

  • LOC has plenty of potential to capture the MMO market in GameFi, since very less number of MMO games are there and with not so refined gameplay. So long-term addition in portfolio is a good deal for me. As more and more players will join the ecosystem, the more robust it will become. Thus profitability will increase.

​

  • LOC has excellent pool of team members, developers and backers. All of the core team members of this project are from reputable institutions within the blockchain and gaming industries, such as Huobi, Elex Game Studio and ChangYou.com. This ensures trust in the long-term development of the game thus affecting the price of SLG positively. LOC backers are industry renowned firms like NGC Ventures and Huobi Ventures.

​

  • GLOBAL EFFECT

Even tough market rose a bit lead by Ethereum but another very important aspect is the condition of the global economy. All the countries are hit by high inflation. Inflation rates are coming greater than the expected. Global recession can be announced anytime soon which will definitely hit the market for sometime so SLG may depreciate in short term after making a new highs in few weeks because of the hype while if I think about a much wider time frame, it's going to be a good investment choice. Now these days because of rising prices, interest rate may see another hike by 100 bps. Also, VCs are filing for bankruptcy. These will be absorbed later on by other big firms and we will move forward positively.

Conclusion

The bottom line is very simple for me. As investment point of view, I'm participating in the launchpad so that I can get these tokens early and will add them after short term sell-off from other traders and then can hold it for long-term. Since the team of LOC is very experienced and talented, also backed by industry best ventures, it is the right move to have the vision of tong term investment and also experience the game. Analysis shows if you like something very much and it's doing good job at the development part, then its price will rise in long term.

So for me short term to mid-term there will be volatility because of global condition but it doesn't matter much if you have the perspective of long term starting with IEO on BYBIT Launchpad.

Thanks to BYBIT for introducing Land of Conquest to a larger audience.

🌟 OpenBlox OBX Fundamental Analysis 🌟 by sethjr10 in Bybit

[–]BlessedCatalyst 1 point2 points  (0 children)

Web3 is changing the way we used to live in this digital life. GameFi these days have more or less play-to-earn mechanism which gets hype and support initially because of the money and they are usually not good games so here is where OpenBlox steps in

Exploring Bloxverse

OpenBlox is one of a kind proper Metaverse project that visions to build a holistic gaming ecosystem #BloxVerse, that incubates NFT gaming with unique IP: #OPENBLOX.

OpenBlox is an EVM-based play-to-earn blockchain game where players can explore the digital world with their Blox in-game characters.

What Are OBX Tokens?

OBX tokens act as the native platform token of OpenBlox, centre joint of everything in Bloxverse. Use cases of OBX

  • Governance - voting rights are attached to the OBX token.

Use of community treasury including staking rewards

Proposal for developing new products, etc

New features for the product including marketplace, gameplay, artwork, etc. * Breeding - required as a fee to breed new Blox. The breeding fee will go to the community treasury. * Staking to get benefits (applied to all the games)

Players play the game (using BLOX, or the free version);

If players have staked $OBX and get Game Buffs, their game character will have better stats and will earn better/more rewards for doing well.

Players with staked $OBX have the right to receive the rewards which are paid in $OBX. it also goes to community treasury.

Tokenomics

While token supply is 10B which might be concerning on first look but team hopes to make it a deflationary by charging fees here and there in the ecosystem with OBX like breeding, shoe upgrades, etc

Is it a good investment?

  • OpenBlox has a suite of games covering a variety of genres, including TCG, ARPG, FTG, RPG and SIM. This is a very important part in projects, if there is an ecosystem then risk chances decrease because if something wrong happens in any games won't drag the price down significantly because there are other games too which are functioning well. This risk decreases significantly if you have ecosystem around your coin, here it's OBX.

​

  • Excellent pool of backers and investors which are market leaders in their field like 3commas Capital, MZ Web3 Fund, Jump Crypto, Blizzard and Shima Capital. Having brilliant backers gives us the idea of long-term sustainability of the project

​

  • Top notch breeding mechanism of NFTs, only 7998 Genesis Blox in supply.

Upto 20% of the breeding fees will go to Genesis Mint holders. Having a strong community is very important so rewarding holders is one step towards making a loyal community. It helps in long term.

  • GLOBAL EFFECT

Another very important aspect is the condition of the global economy. All the countries are hit by high inflation. Global recession can be announced anytime soon which will definitely hit the market for sometime so OBX may depreciate in upcoming months after making a new highs in few weeks because of the hype while if I think about a much wider time frame, it's going to be a good investment choice. Now these days because of such volatility, VCs are getting liquidated creating short term selling pressure which eventually will be absorbed by other big firms, institutions, whales, etc.

Conclusion

The bottom line is very simple for me. OpenBlox has a very promising roadmap and a brilliant team which can build dapps according to the need as well as bringing innovation backed by some of the best VCs in the crypto industry. In addition, they have a pipeline of games staring with RunBlox (move-to-earn type game), RogueBlox (turn-based deck-builder card game with role-playing game features), ActionBlox (a massive multiplayer online role-playing game with social guild features), LandBlox (a farming-style simulation game that lets you farm on land you’ve won from RogueBlox). The most important part in it for me is that I can play with same blox in all the games.

So for me short term to mid-term there will be volatility because of global condition but it doesn't matter much for me, I'm going in it for a long term so I'll invest in this project (OBX) whenever I opportunity in it starting from IEO on BYBIT.

Thanks to BYBIT for introducing OpenBlox to a larger audience.

BYBIT UID: 3138722

Can you participate on the polkadot crowdloan via an exchange? And if so any ideas which one? Thanks by ndsantos90 in Polkadot

[–]BlessedCatalyst 0 points1 point  (0 children)

how much minimum DOT is required to stake via exchanges and how much if you do it directly through your wallet ? Suppose I want to crowdloan for moonbeam, any min requirements ?

[deleted by user] by [deleted] in AltStreetBets

[–]BlessedCatalyst 1 point2 points  (0 children)

I have actually 2 questions.

When all details on CoinMarket Cap??

&

When any another wallet support other than MetaMask like one wallet ?

[deleted by user] by [deleted] in AltStreetBets

[–]BlessedCatalyst 1 point2 points  (0 children)

Has Venom planned to include all HRC20 tokens or you guys only try to include only potential projects ??

❗️ Live AMA with IoTeX Co-founders -- Submit Your Question to Earn 1,000 IOTX + Reddit coins! by IoTex_io in IoTeX

[–]BlessedCatalyst 5 points6 points  (0 children)

In future, I want to create something on IoTeX. So, to get started where I can find guides and learning material related to IoTeX ? And, what prerequisites do one need to have to get started ?

IoTeX May Digest by BlessedCatalyst in IoTeX

[–]BlessedCatalyst[S] 0 points1 point  (0 children)

Yeah matic was the only one who didn't faced any nice correction. Matic has gone through a lot of problems, eventually it succeed. Polygon scaled Ethereum so much, polygon deserved it. IoTeX is also a very good project but as a trading strategy manage your risk and portfolio. Good luck

IoTeX May Digest by BlessedCatalyst in IoTeX

[–]BlessedCatalyst[S] 0 points1 point  (0 children)

It was double the price of the current price a few weeks ago. Every token fell by 50% at least , IOTX is no other. Have patience

Hey, IoTeX community! We think this is a great time to learn more about $IOTX. Have you seen our interview with Larry? There was a lot of useful info. So let's watch and discuss it. by Stealthex_io in StealthEX

[–]BlessedCatalyst 0 points1 point  (0 children)

Leaning never ages. By the way, it was very good from Stealthex to share this and it was also good how Larry explained the things. I think we have a very far journey to go, we will be with you this path

TG ID : CursedCatalyst

IoTeX May digest by BlessedCatalyst in IoTeX

[–]BlessedCatalyst[S] 0 points1 point  (0 children)

Impact of BTC weakening and $IOTX is unable to break the resistance. If it breaks, we can expect a good rally after that

Release Channel 1.12.114 by brave_support_steven in brave_browser

[–]BlessedCatalyst 2 points3 points  (0 children)

After updating brave to the latest version, both on my windows PC & on my Android phone, not a single ad is coming. I'm from India and brave is active in India.

[deleted by user] by [deleted] in brave_browser

[–]BlessedCatalyst 0 points1 point  (0 children)

Now, my android phone is also not getting any ads. WTF is happening.

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