It's time to say goodbye [The Terra.sinkhole Project Shuts down]

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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.

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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:

  1. Undelegate all HP (7 days)
  2. Ustake Total 'HP - 10 HP' (13 weeks)
  3. Convert Hive into swap.hive
  4. Swap Hive for scrap
  5. 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?

statisticvaluechange since last report
HP310.072+29.184
Delegations1,242-38
Hive account value$88.15−$3.43
Scrap burned00
Scrap in LP334728+222293.5182
Hive in LP11-4

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There's an interesting idea

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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:

  1. Proves Hive usecase,
  2. Shows and proves (if succeed) the solution to issue of game token depreciation,
  3. Takes some Hive out of circulation - staked HP is not on the market being sold.

by @jocieprosza

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3 comments

This post has been supported by @Splinterboost with a 5% upvote! Delagate HP to Splinterboost to Earn Daily HIVE rewards for supporting the @Splinterlands community!

Delegate HP | Join Discord

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This post has been supported by @Terraboost with a 90% upvote! Delagate HP to Terraboost to Earn Daily HIVE rewards for supporting the @Terracore community!

Play Terracore | Delegate HP | Join Discord

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