News From The Hive Ecosystem
The crypto market has not calmed since CZ announced on November 6 that Binance would sell its FTX coins. There is hardly a day that we do not hear a central exchange, fund, or custodian is experiencing financial difficulties. The Hive blockchain is a safe haven for me in this turmoil.
It would be over-optimistic to suggest that the Hive is unaffected by the general state of crypto. Weakening demand for digital assets has resulted in Splinterlands reducing its headcount by 45%. On the other hand, building in the ecosystem continues at full speed. Teams are announcing new products developed and features introduced one after another.
Genesis League Sports
On November 7, Genesis League Sports management token GLX began trading on Leodex and Tribaldex. From this date, we also started to be able to stake GLX. GLX's staking APR was over three thousand percent in the early days. This high staking yield has created hype around the GLX. So much so that, at one point, a GLX became more valuable than a Hive. As of today, the GLX price has dropped to the level of 11 cents. This level of GLX price is reasonable. That's why I started staking the GLXs I get daily via airdrop instead of converting them to Hive. After all, the GLX still provides 1266% APR and has a bright future. We can track GLX's APR level via Splintercards.
PsyberX
As of yesterday, the founders, including myself, can navigate the pre-alpha version of PsyberX. I like the designs of PsyberX, a cyberpunk first-hand shooter game. In addition, the sci-fi ideas developed in the game also contain original elements. The game was planned to be launched at the end of 2022, and this plan is still the same.
There is a stable trend in the game's NFTs and reward tokens. After the publication of the renewed white paper, the horizontal course of the game's coins and NFTs may be replaced by an upward trend.
Lux Vega and Runi
Last week, Splinterlands' neutral summoner, Lux Vega, went on sale and sold out in less than two minutes. I use the summoner in question by renting it.
On the other hand, Runi, a neutral card, was offered for sale on the Ethereum network. It is currently sold on Opensea at a floor price of 0.2 ETH. On the other hand, it is also possible to mint new Runes by paying 0.38 ETH. The Splinterlands product team aims to have Runes available in-game by the end of the year.
Cubdefi Locked Staking
Cubdefi, the yield farming application of the Leo Finance team, now offers more diverse investment opportunities. Investors can stake their Cub tokens flexibly if they wish. In this case, they get an annual return of 12%. In the locked staking option, earning up to double this return is possible. With this feature offered on the Kingdoms menu, long-term investors get extra rewards for their loyalty.
Conclusion
Of course, the developments on the Hive are not limited to these. Land design and integration studies continue in Splinterlands. The story of the Splinterlands tower defense game continues. Short-form video improvements have been made to the 3speak application.
Work continues on the development of the Leo Finance application. Micro-blogging app Threads is getting more user-friendly as time progresses.
All these developments make the Hive price follow a firm course.
In the chart, we see Hive's Bitcoin-based trend. For the past two years, Hive has been rising steadily against BTC. It is essential that the upward trend also covers the year 2022. Even during the bear season, Hive's uptrend against BTC continues.
Thank you for reading.
Posted Using LeoFinance Beta
