Hello and Hive Fam!
I hope that life is treating you well wherever you are in this part of the world.
Hive is a blockchain platform where numerous gaming projects are running, and this is beneficial because, as a user on this blockchain network, we have the opportunity to explore these projects and join some that we think are good and align with our interests. There are different types of gaming projects, and they offer gaming and reward experiences. My gaming journey started with the Splinterlands game, and later I also started with Moonkart, and by that time I was not aware that both games fall into the same ecosystem. So Arcade Colony is the umbrella under which some of the games are listed, and both the games I mentioned just now are part of it.
It is a Web 3 gaming where every game project has got their token, which can also be considered as in-game currency because these tokens can be used to buy different assets. So I have some of the coins on my bucket list, which I keep on buying from time to time, and grow my token holding gradually. Currently, I own tokens from two games, and both games are Splendorland and Moonkart. Splinterance has got the SPS token, whereas the other game, called Moonkart, has got the Colony token.
SPS (Splintershards) token
This is the token of the Splinterlands game, and we can also earn this token by playing the game, which I'm already doing. There is another token also called DEC, but that is just a currency token that we cannot earn in the game now. Coming back to the SPS, which I think is a valuable token of the game, and this is the reason why I continue to buy more.
Currently, I have 115 KSPS tokens, but I'm growing my balance consistently. I plan to grow my token balance from what I have to 200K within this year and also more in the next year but I don't know what the price will be because we are expecting the bull cycle in the market and hopefully that will also boost the price value for this coin so in that scenario it might not be easy for me to buy more. The good thing about SPS is that we can earn approximately 11% of APR with whatever number of tokens we hold in the game, and there is no threshold on the reward, so I think it's a great idea to own more tokens and earn such a Nice APR on the SPS portfolio.
COLONY Tokens from MoonKart
This is another token that I am holding and still have planned to grow it more, which is like 500K tokens this year or maybe more, that depends upon the market situation. Currently, I have close to 250k tokens in my game account, and all these tokens are logged starting with SPS. We do not have any earning reward mechanism for this coin. There is also the USD value not displayed for the balance. We can see the dollar value with SPS, but not with colony, which I think is OK because maybe this feature will be coming soon, but the good thing is that the entire ecosystem is growing, so the demand for the colony token will also grow over the period of time. The target that I have in my mind for the colony is 500K, and I expect that this will be achieved by the end of this year.
I'm hoping that once I have a good balance, it will also help me in the game, where my rewards will be higher, similar to what we see in the sprinter land game, where the people who are holding a lot of tokens are getting better rewards, and they can play in the higher league. Even I can play in the higher league, but my reward will not be increased if I do not hold a minimum threshold of the tokens, and that is why I see that a lot of people are buying a lot of SPS this time because the price is low. Similar to that, the demand for Colony is also expected to grow, I believe, because the game has started, and the team behind Arcade Colony is trying to build an ecosystem of gaming where different types of games will be available for the players. Recently, they have released a game called StakeHouse of Den, which can also be a reason why the demand for colony will rise.
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I will try to improve and enhance my game portfolio, but it requires a lot of time to study the project and figure out whether I should continue or not, so I will take time before I join any other game. I have realised that the gaming is going to be such a big segment in the market and it is not even started this time So the potential is high and opportunities are endless if we choose to join the right project at the right time and on Hive the kind of gaming projects we have are valuable and hope they grow nicely over the coming years. Thank you!
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Image Courtesy: Splinterlands and Moonkart Game website