The last couple of weeks I wrote around my profits with trading spot with the new up and coming tokens that have come mostly from the Solana chain which is the flavour of the month so it seems. Solana is popular because the fees are low (not free like Hive) and some tokens that have launched on the Solana blockchain have taken off and unless Ethereum solves its expensive gas prices issue then it looks like other blockchains will take over. Other blockchains with lower fees or no fees like Hive for example.
So having $400 made from trading I have taken $100 to hold a couple of tokens. I decided to hold $TIA and $DYM tokens mainly because if you stake these tokens then you will receive future airdrops of other potential moon tokens. $TIA holders were allocated $MANTA recently and now it is sitting at around $2.50 per token. They were also given $DYM which is quoted as being TIA on steroids so let us wait and see. It is currently sitting on $7 so it has a while to go yet before it hits the $20 that $TIA has hit but it is looking like it. These were all free tokens if you had staked $TIA. I have staked most of my $100 in $DYM and a couple in $TIA just for the giggles.
Historically staking these tokens used to bring me nothing but misery and I do believe that I will lose a couple of dollars here as well but I said I would try the old hodl for these two tokens to see what happens. It's the hope that kills you. I decided to start taking a deep dive into Solana and what tokens they had on it. I downloaded the new Phantom wallet which I was quite impressed with actually and I completed a couple of quests and swaps on the platform so when this wallet brings out its own token then I am in like Flynn. But while some things on SOL got me excited I couldn't help wondering is why Hive has not designed a multi blockchain wallet yet like this Phantom wallet that takes Solana , Eth and Bitcoin. I also did a few free quests with tokens like , JUP , Jito, Pyth, Meteora ,Mayan Finance, Pryzm, Particle , Magic Eden and staked some HOMER coin which I found funny.
Source
But Solana is a minefield also . You gonna watch what you sign up to and I was scammed of 0.1 Solana when I signed the wrong contract which is a mistake I learnt early on and inexpensively. A tener down the drain but a lesson learnt. Now I know many people are spending fees on tokens that might make it big so I kept in mind to do this as inexpensively as I can . Now the money going through Solana is mind boggling and what really opened my eyes up is how much defi is after taking over in a way and the new tech is here. But I also found we at Hive are a bit off the pace. We like to talk about it but we are not really when you think about it. We were first to go that way but apart from the lads over at Leo Finance, with Polycub but we have not really embraced it as a blockchain. We are the baby boomers of Web3. The world has moved on and we are left behind I think.
I started playing Heroes of Mavia which is basically the web3 version of Clash of Clans and it is really really good. I think these guys are looking for a blockchain because ETH is too expensive so the high gas fees are making it impossible for anyone to claim their tokens unless the tokens are worth over $100 so they would need to spend $20 in fees. I reckon Hive would be perfect for them. But the game is well designed and really really addictive and suits play 2 earn down to the ground. Like Splinterlands they have their bot issues but the game is excellent. Gaming is going to be huge on web3 and its the next big thing like NFT's were back in 2020. This is why Hive would be perfect for them. You have your couple of whales on Twitter trying to coax them over with the usual spiel that Hive is the future. So instead of spending money on amateurs going to conferences with pens,tshirts, caps , maybe it would be good to send a delegation of our devs to where ever these Mavia are based (in real life) and securing them for the Hive Blockchain. This would be money well spent. Last week has been an eyeopener for me in terms of web3 and learning how much behind us at Hive really are. The people spouting on about Hive being web3 don't know what they are talking about. It's a buzz word people like to use. But we are quasi web3. The diet coke of web3. A little bit web3. Yes we may be the first blockchain to go that way but the new kids on the block have overtaken us and we are not cool anymore. Blockchains such as Solana have tokens such as the $TIA'S $JUP, the MANTA'S, the ALTLAYERs. the BONK's. All these tokens are driving the SOL price up to around $100. This is the SOL blockchain we are talking about. Last year it was trash and it was lucky it stayed active. Hive has Splinterlands and Leo Finance maybe Genesis League and the Arcade Colony is the new one. Zing is coming but we don't really know what this looks like for gameplay yet. All games by the way with the exception of LEO. So you can say that Hive is a web3 gaming blockchain for all the world. This is where we need to be focusing on. Getting the best web3 games to Hive. Mr Aggy has done this and we will wait and see how Arcade Colony kicks off creating the link from a web2 based game to a web3 based game. This is how Hive will survive in the long run I imagine so it is essential that we bag the likes of Hero's of Mavia while it is still in its infancy. But because Hive is decentralised. Who is in the negotiating seat. I dunno. Is it the Venezuela contingency taking all our marketing budget? . Is it myself? I dunno . I just moan about things? Surely its the largest stakeholders. But do they want new tokens coming in taking a piece of their pie? For Hive to grow , they need to or otherwise we are only going one way. It's an interesting one. Who is in charge of this sort of thing? Decentralisation may not be all its cracked up to be. Looking at the Splinterland's DAO and they can't agree whether the sky is blue and they are currently debating whether the grass is green. Simple things around getting SPS onto a major exchange is causing so much debate that they missed the boat on adding it in when SPS price was over 2 cent and now the price has fallen , it is a much higher cost. So much so that the difference in the value out weights the cost of putting it on the exchange. Decentralisation is tough to get consensus in and this is why I think Splinterland's made a major error here in making a DAO. Someone has to take things by the scruff of the neck. Everyone needs a leader , whether it is Steve Jobs at Apple, Michael O Leary at Ryanair. Companies never got anywhere without a capable leader. Splinterland's SAO appointed a person to run their DAO which was a move forward. Hive need to do the same. Someone not taking from the honeypot . Otherwise we ain't going anywhere and we will be left behind.