Record Staking, STARBITS vs STARPRO Price and The Need for Frictionless Purchases in DAPPs
If you are part of the @risingstargame player base and still have not tried out Record Staking, you are missing out on some passive income that can be captured with very little effort. It can be a simple staking that you setup once and forget about. I prefer to take a slightly more active effort checking out my Record Staking few times a week while I play the game everyday. New players can start here. Most commonly recommended way use HIVE DAPPs is through using Keychain extention available for both Chromium and Firefox based browsers.
Keep An Eye on New Releases
When new Records are released, there is only a small amount of STARBITS staked on it. The artist behind the NFT may b\go into marketing mode and their fans and investors will come and make few purchases very early on. This is why I have STARBITS staked on the latest Record, but not on the few that came before it.
As you can see it is possible to have 100% of the pool for yourself. Whenever a Record is sold, a part of the 100,000 STARBITS pool is paid out and split across based on the share of the pool each staker has. If the NFT sales happen early enough, it could mean several thousand STARBITS and technically this could be gained by staking 1,000 STARBITS in a best case scenario.
Screenshots 1 Day Apart
Many things can change in a day. New Records get released and old Records see some sales. The profits from these activities are very low (especially because this is a bear market). The price of STARBITS is soft pegged to $HIVE via Booster Pack sales. The method is similar to how $DEC is soft pegged to USD.
STARBITS vs STARPRO Price
I do not recommend anyone invest in STARBITS. There is little demand for STARBITS. The use case for STARBITS mainly come from Booster Pack sales and some NFT trading on @risingstargame market. 3 second transaction and feeless nature of HIVE provides a ground for a good experience that is accessible to small investors coming from countries where an Ethereum transaction cost more that a day's earnings. None of that make big waves when there isn't enough users. HIVE needs to have more users trying out the DAPPs. Free to play games like @risingstargame are a good starting point for them.
I have invested in and profited from STARPRO. I may do the same in future. There is little trading volume and those with a large portfolio may not find a trade big enough to make a difference to their portfolio. On the other hand, a patient trader with a small investment might find a good opportunity with STARPRO.
Pay Over 7 Networks
Integration with other blockchains can be a very positive thing. The bridges can have the occasional hack and security risks. Simple payments do not have this problem. Cryptocurrency is not merely about trading. I want to see $HIVE on THORChain. Being able to pay for product and services using HIVE, HIVE-Engine Tokens or even other hundreds of Tokens backing various projects is at least as important as DEX integrations.
I have said this again and will repeat this again: Marketing can get users hyped about a project. Great technology can allow developers to build amazing DAPPs that are faster than Ethereum and have the fees that almost all the blockchains, DAGs etc. have. These are all early parts of the funnel. If we mess up the final part where the prospect make a purchase, most of the previous efforts go to waste.
It is good to see @risingstargame handle that last part of the funnel well. More DAPPs should make it easy to make purchases with whatever the fiat or crypto the user has. Mind is a fickle thing. The person who is hyped enough to throw in a $100 may not feel the same the next day. Now imagine this was an investor with an American Express Centurion Card ready to spend $10,000 or more.
I can keep speculating more scenarios. The important part is that we must make it easy to for people to spend their funds on HIVE DAPPs.
Happy Gaming! Happy Investing!
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