That is also where a lot of the selling pressure comes from. And I do not blame them, If I could pay my rent with battle rewards and go eat in a good restaurant with my blogpost rewards I would do it too. We desperately need new strong purchasing power in all aspects of the HIVE economy.
Check where your opponents in Splinterlands send their tokens to a lot of value is leaving the ecosystem. Offramps: SPS to crypto.com SPS swapped on UNISWAP, sps and DEC swapped for swap hive and withdrawn from tribaldex then sent to Binance @binance-hot on hive and its gone... sold on the exchange and spent on groceries. Selling pressure on all sorts of tokens frome HIVE to DEC and SPS
But I am sure the offramp of hive from blogging rewards is also quite the flow...
That is also where a lot of the selling pressure comes from. And I do not blame them, If I could pay my rent with battle rewards and go eat in a good restaurant with my blogpost rewards I would do it too. We desperately need new strong purchasing power in all aspects of the HIVE economy.
I didn't even think of it from that perspective - thanks for that.
Check where your opponents in Splinterlands send their tokens to a lot of value is leaving the ecosystem. Offramps: SPS to crypto.com SPS swapped on UNISWAP, sps and DEC swapped for swap hive and withdrawn from tribaldex then sent to Binance @binance-hot on hive and its gone... sold on the exchange and spent on groceries. Selling pressure on all sorts of tokens frome HIVE to DEC and SPS
But I am sure the offramp of hive from blogging rewards is also quite the flow...
the numbers may be wrong, but if 20% from userbase are just selling - its puts huge pressure on the game.
00%
More here: https://www.lootrush.com/crypto-gaming-market-2023
#splinterlands