First Payout From Cryptobrewmaster: Illustrates The Future Of Hive
Hive is becoming the blockchain of opportunity. We are seeing an increasing number of ways to be rewarded for out activities. While it started as a blogging platform, we now see many more options. The user base is free to choose what they get involved in and how they pursue the growth of their accounts.
We all know gaming is becoming a bigger feature on Hive. The success of Splinterlands is well known. However, it is not the only game in town (I guess pun intended there). There are others that are progressing in their development. In my mind, this only provides a boost to the entire Hive ecosystem.
@cryptobrewmaster is one such game. Introduced about a year ago as well as being highlighted at the last Steemfest, we see the game quickly becoming a favorite with Hive users. The simplicity of the game makes the learning curve short while providing a payout to users that can easily be converted.
The game is still in Alpha. I started playing it as soon as it went live. It is one that requires only the pushing of a few buttons throughout the day.
In one of their recent updates, they added the ability to withdraw the game's currency, CBM, to one's Hive-Engine wallet. They set a minimum level of 1,000 CBM for this feature to be utilized.
Yesterday, I was able to conduct my first "payout".
I will state that this is from nothing more than my activity in the game. At no point did I put any money in to buy the different ingredients which would help in my rewards. For the first trial, I simply wanted to see what would result by getting involved in the game from scratch.
Here is the important point. Looking at the price of CBM on H-E, we see it is roughly .05 HIVE.
Using some non-advanced math skills, we see this equates to roughly 50 HIVE. That was the reward that I received for playing the game.
While 50 HIVE is not going to make anyone rich, it is an avenue for people to grow their HIVE holdings. Many assert how they cannot get any of the rewards because few upvote their posts. Here is an example of a way to accumulate HIVE with very little effort. The CBM can be converted over and then powered up.
This one round of activity which looks like it can be done in a bit over a month, could assist smaller accounts in gaining power within the Hive ecosystem. In other words, doing this for a year will bring someone to Minnow level if all is converted and powered up.
Is this approach going to make anyone rich? Obviously not. However, it does show what happens if we look at the totality of what is being offered within the Hive ecosystem. This can be considered one piece of the building blocks utilized in the growth of one's Hive account.
Certainly, from the developers' perspective, having a game where everyone cashes out the in-game token is not ideal. Thus, we have to focus upon the tokeneconomics of the game to determine what opportunities lie ahead. At this point, I do not know the plans that the team has. However, it only makes sense that they are going to incorporate more use cases for the CBM token in a manner where people can "invest" in their brewery to generate a better return. This is speculation on my part but it is a logical step.
What if, for example, the users can re-invest the CBM into their brewery and generate 100 HIVE per month instead of 50. Over a year's time, this would increase the payout to 1,200 HIVE. At present pricing, that is a few hundred dollars, not bad for pressing a few buttons throughout the day in an online game.
They say one of the best ways to build wealth is through multiple streams of income. Most rely just upon their job to make them money. In this scenario, their stream numbers a grand total of one. If there is a spouse, we might see the number jump to 2.
Here we can see the future of Hive. I firmly believe that people will have the opportunity to generate dozens of streams of income just from this ecosystem.
Over time, we see the exponential nature of things. A few tokens from different projects might take off. Our activities could be multiplied in terms of the return by a token doubling or tripling in value. In the example here with CryptoBrewMaster, if the price jumped to .1 or .15 HIVE, we would see the mound, in HIVE, that is paid out for each batch of beer growing by the same factor. Suddenly, one is getting 100 or 150 HIVE for 1,000 CBM.
Spread this same concept across a couple dozen income streams and then we are getting somewhere. Of course, not all have to be active, many can be passive. Thus, the ability to generate, not only an income, but wealth remains a viable opportunity in the future. Obviously, the level required by each person will vary. Nevertheless, as a means of tapping into abundance, Hive is starting to offer that opportunity.
CryptoBrewMaster is just one piece in the larger puzzle. If you haven't played it yet, give it a shot. It is worth the time.
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Posted Using LeoFinance
