Posts

Blockchain Gaming Traction: LVL token makes a 4.5x Price action in response to PSYBER CRATES Airdrop announcement

avatar of @uyobong
25
@uyobong
·
·
0 views
·
4 min read

While curating gaming contents this morning, I noticed this announcement post by @psyberx concerning "CRATES" airdrop coming up in 60 days for all LVL holders. The post gained some good traction of comments and that showed how much people are eager to participate in the PSYBER X game that is still in build. This would be another #play2earn game added to the Hive ecosystem, with its token built on the hive-engine protocol.

Crates will be airdropped to those that hold LVL token. For every 200,000 LVL token in your wallet over a 60 day average you will receive 1 PSYBER Crate. For example, if you have an average of 1,000,000 LVL tokens over a 60 day average you will automatically get 5 PSYBER Crates every month until the limited supply of the crates are gone.

Image source

The announcement post made me dig a little more first to know more about the PSYBER X game as well as the LVL token. The module of the airdrop has a way to make the LVL token become a high ranking asset in the hive-engine market sooner as well as giving more value to the PSYBER X game that is expected to launch sooner.

PSYBER is a cyber punk themed battle royale created by the Royal Reptile Studios. The game is envisioned to open up opportunities for the gaming community, artists, and content creators. PSYBER X is expected to feature NFTs in the form of power up cards (Speed, experience boosts, increased damage), weapons, cosmetics, and housing for the gaming experience. PSYBER X players would earn LVL token in the game, which can be exchanged for HIVE on hive-engine. Contents about PSYBER X would be another addition to the bulk of blockchain gaming information, data, reports and tutorials that would be read on 1UP community and Hive posts.

PSYBER CRATES airdrop would qualify holders an additional benefit of having a 30% discount on all CRATES purchased which would be possible with HBD/Hive. The price of each CRATE is predicted to start at $20, however, the airdrop qualifiers would stand a chance of purchasing CRATES for $14.00.,.

Further, it's awesome to see that PSYBER also plans to incorporate commerce to its gaming ecosystem. That would provide additional usecases fopr the in-game assets as well as HIVE. The below quoted paragraph speaks volumes on this.

A sneak peek into the cyberpunk world shows a Center of commerce that doubles as a tourist destination. The once beautiful edifice stands covered in rot from top to bottom and now a shadow of itself. Although it's a shining façade that conceals the horror, yet the reality of it being a battleground stares people in the face. Everyone tries to be the next master of Zeelis. Bandits, outlaws, rogue robots, mechs, and other villains fight in the open for a battle of supremacy. These and more reveal the highlights of the game. In phase two of the game the MMO aspect will take hold. Players will have the liberty to be an officer working for the peace of the land. They can take up any role of interest ranging from teachers, DJs, or entertainers. Players are also at liberty to rebuild their version of the city but only as overlords. Whoever has the most power will reign supreme. source

LVL hive-engine market

In response to the LVL airdrop announcement, LVL token has already received a market boost in terms of price and volume barely 72 hours after the announcement. That buzz shows how many are getting aware the potentials in blockchain #play2earn gaming as a new way to sustainable income.

From less than 0.0002 HIVE per LVL on December 5, the token market experienced a huge demand which raised the token price to 0.0015 HIVE each. As at the time of creating this post, LVL recorded a 24h trade Volume of 3,651 HIVE ($6,644.66). That is already a huge profit for hive-engine token traders. While LVL looks small in price, the huge trading volume opens up opportunity for trading profits.

I first noticed LVL token as part of LP rewards for ONEUP dieselpools. Though I couldn't tell its potential. Now it's been revealed to be a gaming related token, it deserves some attention. Many hive users who bought into DEC and SPT from the inception can tell how profitable the decision was. Thus, even non-game players can still profit from the buzz around the LVL market.

source

Tokenomics of The LVL token reveals its Prospect

Report has it that LVL token will only ever have 500,000,000 tokens(created on the HIVE blockchain). Out of that supply, 50% would be distributed to the community perhaps through the airdrop. Part of the token supply (20%) will be secured on the game platform as a reserve for players for in-game transactions. Asides PSYBER X, there are also plans to expand the use-case of LVL to many other gaming genres.

source

What is Hive?

Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source

What is Hive-Engine?

Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.

About me...

I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree programm due to funds, yet i do not regret growing the courage to start my buzsines from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypoto while learning.

I am your favourite Hive Tribes Promoter and Curapreneur! I am @Uyobong. Let's connect on Twitter

Posted Using LeoFinance Beta