Stay cool while everything collapses, Utopis Update
Good afternoon, Chrono here with some updates on Project Utopis. I Mostly have been updating in my Discord of the changes and updates, Sharing details of what's been going on.
I am catching up on the missed rewards and rewards have been switched to Hive with this Bear market and it's getting more bearish daily.
With these times, and the inflation the FED hikes the economy is showing signs of weakness, not enough purchasing and not enough dough to go around, 2020-2021 was a magical year for everyone sure COVID was on a rampage* but governments where tossing money like sprinklers on a hot summer day. Walstreet was booming, Crypto was mooning GIG work was looking like it would never end the massive profits the massive amounts of nonesense tips.. Everyone had money..
Now, it is the opposite and many are comparing these years worse than 2008! Many basis points and the FED is just getting started.
Utopis
That past months, weeks due to high gas prices and inflation costing much.. It has slowed down drastically and trying to cope profits have been a struggle, I and many other gig works have had the need to add additional gig apps, Doordash being the one to slow down the most since I dashing was all that was needed make the profits and boom, now doordash seems like an elephant graveyard, Instacart and AMAZON Flex are the new IT apps to earn on these gig app.
Missed rewards, Lack of communication is deadly.
With the decline in rewards and slow down, the profits slowed down and rewards where missed not sent out, Not communicating on the reduced profits and lack of funds (Real World) hit me real good I would like to keep it going and thus I am catching up and missed rewards as batches and looking over my markets and adapting.
The Summer slow down has been a tragedy. With either not enough orders or too many Gig workers.. None the less, I have resulted in having 5-6 apps open at one time, while taking only the reasonable ones.. Can't be cherry picking any more its a struggle, it will pass for sure but for now, Low profits and keeping it real.
Markets bleeding and not enough profits to dish out and pay bills, I have many things running here on Chain, witness servers mostly. My Project Utopis and I pay a Dev to keep and maintain these for me.
Gig work is still slowing down. Out here figuring out a new market. Be ready for a gnarly recession.
Updates!!!
50,000 Utopis BURNT!
I have burnt the last of the 50,000 that I held, I kept 6,585.58668478. The Utopis is free market now and has been for some time now, lowering the supply of Utopis allows me to focus and manage The project at a smaller scale than originally anticipated. Thus allowing for a closer grip and smaller and quick buy walls when able to, according to funds.
I was able to pick up a handful of Utopis on the market,
I will be keeping an active presence in my discord, I am catching up on missed rewards most are aware of the missing rewards, those are being caught up as batches they should be completed by end of Next week, than moving forward Monday's will be grate again.
Missed Rewards
Batch 1 has been sent..
Batch 2 has been sent...
Utopis Auto Voting for Holders..
Now active we are tweaking the % being given according to Utopis "10 UTOPIS gets 1%."
Once I am able to get in the groove of all these apps and new markets, you sure will see a difference.. Having Pure Hive rewards and earning profits like before should be a nice comeup.
I will make Utopis Great again
Join me in The Discord for daily updates, Batch 3 Of missed rewards going out tonight.
https://discord.gg/EYs5cGFR
Keep up the good work man
Part of me thinks we are seeing the bottom right now. THe other part is terrified that there is a very long way down still.
I would have liked to have seen you hold those utopis and used them to grow thte project when the market started to come back, but everyone needs to figure out their best way to do things right now and I'm glad you're able to think this through and find what works.
One thing is for sure. Whatever happens next, we're all going to feel.
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What do you think about making combination between LEO projects with Hive and Utopis. I think it's a good idea to beat the market decline.
Leo projects which ones?
You can pick
In light of crises and conflicts between European countries we will face problems in terms of profits, I do not know how to find a solution to the lack of workers in Gig applications.
Nice update on Utopis token. I think I have 10 so I can auto vote. I have received my payment the other day !
Hi @chronocrypto
I see you get downvotes from markymark
This Guy have a Fokus from the german Comunity
You can tell your Questons about this under
https://peakd.com/hiq/@hiq.redaktion/gereng-still-hiq
Im not agree with this downvotes from markymark
You make a good work!
Hope we can help you!
So it wasn't my idea but from the established magazine @hiq and the same version in English
For the german issue follow @hiq and for the english version @hiq.magazine
markymark gives an interview in which he wants to answer all the questions why he behaves like this
You can ask your questions anonymously in encrypted form
I appreciate the update... it's definitely gotten (going to get) hairy in terms of real-world economics. I've already been forced to trim my entire crypto portfolio down to Hive, game assets and a few strong hopefuls-- to pay the bills.
You seem to be in a good enough mental space to do as you say, and I have faith that projects like yours will pull through. Best of luck to us all! 🙏
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@chronocrypto, @thatcryptodave(3/3) sent you LUV.
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Aha great thanks for the update. Utopis to the moon 🎆🥂🎉
Keep up the good work bro. I am new to utopis and bought a couple of utopis yesterday.
I just have some questions... does only stake utopis count for the upvote? like 10 staked utopis = 1% or even liquid utopis counts? how about those being sold in the market?
Cheers!
!PIZZA
No the stake is for the 10% bonus on Hive. Holding Utopis gives the vote. Utopis on Market does not count towards Rewards.
Since we still have a little time left and don't want to procrastinate all the time (Editor's note: the weather sucks anyway. [Editor's editor's note: At least in Austria, lool.]), we'll give you the opportunity to send us questions for
themarkymark.
To be accepted by us as a true HiQ Insider, you must send your questions to @hiq.redaktion via encrypted memo. All questions that we accept will be rewarded with 1 HIQS.
To send an encrypted memo, you must send at least 0.001 HIVE or 0.001 HBD to @hiq.redaktion. Just put your question in the memo and the text must start with #.
Since we still have a little time left and don't want to procrastinate all the time (Editor's note: the weather sucks anyway. [Editor's editor's note: At least in Austria, lool.]), we'll give you the opportunity to send us questions for
themarkymark.
To be accepted by us as a true HiQ Insider, you must send your questions to @hiq.redaktion via encrypted memo. All questions that we accept will be rewarded with 1 HIQS.
To send an encrypted memo, you must send at least 0.001 HIVE or 0.001 HBD to @hiq.redaktion. Just put your question in the memo and the text must start with #.