Hello Fam!
I hope that life is treating you well wherever you are in this part of the world.
In the Moonkart game, I have been trying to accumulate some tokens and stakes to build my holding. Staking is a process that we call powering up, and once it is staked, tokens are locked. This game has got two tokens, and these are script and colony, whereas script is a stable coin in the game, and colony is another token which is similar to the SPS in splinterlands. You may call it the governance token of the game, which is a valuable token, I believe, because this will bring multiple use cases in the system.
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If I talk about my colony tokens holding, then it is more than 150K as of now, and I will continue to grow it further. Because the game has multiple digital assets, including cards and tokens, the right strategy would be for me to grab them all slowly and gradually, and that is what I am trying to do. After having a good quantity of the colony tokens, I thought I should try for the script as well, and this is the token that is going to play an important role in fuel generation. Fuel is required when we play multiplayer, and this is the format of the game that is required for us to play if we want to earn a reward. The single-player game is like a practice game where you do not lose anything, but you also do not earn anything, so to earn a reward in the game, it is important for any player to play a multiplayer game.
This is the price for the script token, which is $0.35 as of now, and I believe that since it is considered a stable coin so the value is pretty much low. Low price brings a buying opportunity. It is not any sort of financial advice that I am doing but I believe that this is a good time to pack some coins from the market when the price is low and when things grow in the game probably we will get to see a lot happening around so this value will also appreciate over the time.
This is my current balance. This balance is low, so today I am going to add some more tokens to this balance, which I am going to buy from the market, and we'll be using the keychain application for that. I find this app pretty easy to use, and I do not need to follow a lengthy process because all I can do is just perform the swap using the application, and it gets done in a very short amount of time. The amount is deducted automatically, and the relevant tokens are credited in the Hive Engine wallet, which is indeed a convenient method, I believe.
I have entered the amount and the token I want to convert, which is script, so for 10 HPD, I'll be getting approximately 27.79 SCRIPT current market price.
I just need to confirm the transaction that I did, and after that, the processing starts for the swap, which you can also call conversion.
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So now this conversion is successfully completed and I have got the token in my wallet after deducting the fee, which is minimal, but obviously it is understood because there is a protocol running behind and it needs some cost to keep the operations running.
Now I'll transfer these tokens to my game account, and I hope everything goes well because earlier I went through the note problem that took some time for the token transfer to be done. I just hope I do not face that problem today, so if everything goes well and I get the tokens credited in my game account, then I will go ahead and take all the tokens, which will start generating some fuel for me.
Now the balance is updated, and I have got all the tokens logged in my game, which you can also say that these tokens are staked. I don't know why the usd value is not updated, maybe there is something behind, but I'm not sure why it is. However, there is no APR reflected on this page. But there is some airdrop programme in place, and I hope this holding will be getting me some reward later on, but I'll check how to get it and what the best way would be to benefit from the token holding that I have in the game. There are many things that I need to figure out and learn how they work, which I will do later on, but for now, I am trying to have some skin in the game because I believe this will help me have a better gaming experience later on.
In my experience, I can say that joining the project in its early days is beneficial, and this has happened with most of my crypto projects that I joined, so I hope that because this game is in the early phase so it will bring better profits and a better gaming experience for the early joiners. There are very limited players available as of now, and sometimes there is no player available because I can see this in their Discord server.
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This situation will hopefully improve in future, and that is the time when the demand for these assets will also grow, so the people who hold those assets in the game already will benefit more than the people who will come later on. There is no such guarantee, I believe, but it's just something I think like this, and if it goes like this, then surely I will benefit more and for that, I am on my way to grow my overall digital assets holding in the Moonkart game. The market is down, and a similar impact can also be seen on the gaming assets.. This is why I believe it is a good time to buy and accumulate a good number of assets, which I am already trying and you can see me doing this here.
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All images are sourced from https://moonkarts.arcadecolony.com, hive-engine, and the keychain app.