Crypto Projects are worldwide projects, and people from all around the world invest in these idea.
For these reasons, people who live in California, where $15 an hour is minimum wage can "easily" invest in crypto projects.
Minimum wage in California leaves you hurting at the gaspump, crying at milk prices, and forced into sharing housing
But because the entry price for crypto is set to the worldwide scale, Californians can buy in using only a tiny percentage of their income.
The current magical unicorn I am talking about is a project by @hivebuilder
This project is based off of a Hive Blockchain game called Splinterlands which is a card collecting monster game that grew and grew and grew. Those of us who were there at the beginning and invested time and money have watched to opportunities for wealth building grow.
Currently there is an investing opportunity that has to do with governance of the game. This opportunity has a steep start up cost so the @hivebuilder team are pooling funds together to get some governance.
In crypto speak, they are buying a node.
Its one of the coolest things that happens on the blockchain
When a bunch of "little guys" come together and become a "big guy" therefore making (and splitting among themselves "big guy money").
In this case, the payouts will be in a crypto based on the splinterlands game, and we aren't exactly sure what the profits will be like.
This is one of those investments where the interest rate varies, and sometimes there is a loss.
The team is backing the possibility of a loss by having a buy back program in which they will always buy back the token at the same price they initially sold it for.
Opportunities on crypto are abundant and its hard to know which ones to invest in.
Here are some of the reasons why I think investing in this is a good idea.
1) @hivebuilder has had succesful past projects
I myself bought into their hive-builder program. I don't remember the specifics, but I remember feeling good about putting my money in their hands, and receiving appropriate compensation.
2) The basis of the project makes sense
Their announcement is simple enough to understand. Splinterlands is a strong project. @hivebuilder is a good team
3) The entry point is super super low.
You can get started with less than a US penny. You can earn that US penny by blogging. If you are already part of the HIVE Blockchain, this is an easy thing to invest in
4) The Market is bleeding, it is a great idea to invest in something that will create income during a bear cycle.
The project they are investing in is based off a community that plays a game. That community plays during bear and bull markets.
You might see small payouts, but you will see continued growth even if the market keeps going down (unless the project fails) which brings me to the cons
5) I have had great experience with crowd funding or mutual funds on the blockchain
My main love @spinvest has grown into a multi-headed monster that keeps growing in bears and bulls.
I bought many of those shares when they were worth just 0.13 USD each.
I can brag about their growth.
Reasons you should NOT invest
my favorite investment is bleeding, and so are many others. its just like that sometimes
It is always best to be transparent. I will be buying into this token, but in small bits and pieces, since I have other current goals going on.
These are basic reasons. They aren't meant to scare you, they are hard truths.
1) There are no guarantees in crypto
I invest here, but, there is nothing backing up your money. There is no FDIC insurance, there is no other insurance of any kind, and you CAN lose all your money by simply losing your wallet
Thi is true of any project
2) This is not a decentralized project
One of the coolest things in crypto is that there is no head, and there is no center.
In this specific chance, there is a head, which is the @hivebuilder team. And they are investing in a project that also has a head, which is splinterlands.
I am ok with this, because I trust both teams. I won't give them my mortgage payment, but I sure will throw some of my crypto dollars their way.
3) Although it costs less than 1USD to get started, its really hard to "get" 1 USD into the markets
Most people have to buy cryptos off exchanges, and buying 1 USD at a time is not really possible.
But you can easily earn it right here on this blockchain. Here is one of the teams that can easily help you get started