Firstly, the numbers: our total value is currently about 2823 STEEM (+5 STEEM), including 2216 STEEM within Steem Engine and a total of 19403 tokens in play. This gives ONECENT an ABV of about 14.55 STEEM cents (0.1455 STEEM), up slightly on yesterday.
ONECENT News
We have now reached the 75% mark of the ONECENT trading game, although it has turned out less of a game and more of a fixed-term investment.
The ABV at the start was about 0.09 STEEM, and we have now reached about 0.145 STEEM; this is an increase of 0.055, or 61% in 150 days, equivalent to an APR of about 149%.
The graph above shows the progress of actual transactions, hence is rather jagged as market activity has tended to be low. This, again, shows that this has been treated more as holding investment than the envisioned trading game. Never mind, I trust everyone is making a very good profit!
What appears to be a recent flash-crash is merely the artefact of a rather wide spread between the current sell and buy price. Indeed, let's look at the graph of the ONECENT token ABV.
A few features to note. The price flattened out immediately post-HF21 but, luckily we had some joy with the CATS and KITTENS game for about a month. Attention then shifted to the TRENDO token, which is given away free to many players; the actual tips have not been included in our calculations as those funds never touch our account, only the curation reward tokens are included. The most recent month has been somewhat flat too as many tokens have been priced downwards. However, we are now with two furlongs to go unstaking all our tokens and, with posting rewards still coming in, we look forward to a modest rise towards the finishing line.
I shall leave these graphs here for a couple of days as have no idea how many people read these.
Any opinions on this, please leave a comment.
Have a fine day!
Crypto News
ECB builds proof-of-concept for anonymous transactions using central bank-backed digital currency
Read the PoC paper here.
CRYPTO HOT TRENDS AND OPPORTUNITIES FOR 2020, MESSARI RESEARCH
and the actual {Messari report](https://messari.io/pdf/crypto-theses-for-2020.pdf).
Turning citizens into spies - into self-spies. The Intrusion of Technology (IoT) continues.
The DEX Top 10: Crypto Briefing’s Decentralized Exchange Picks
Twitter To Develop a Decentralized Blockchain-Based Social Media Platform
Ripple CEO: “99% Of Coins And Tokens Will Go Away ” – Here Is Why It’s Going To Happen
“Most of them, the vast vast majority [of cryptocurrencies] are going to go away, and it’s because a lot of them were created with either an unclear use case or a use case that hasn’t proven out. And you already see that to some degree because there is no liquidity. Ultimately in the digital asset space, liquidity is critical to success.”
Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030
And another bank! You have been warned.
European Central Bank May Launch Its Own Digital Currency if Cash Usage Drops
It further notes that an ECB-backed digital currency could have “far-reaching implications” for the financial system. Not only could it alter the way monetary policy is transmitted, but it could also render commercial banks redundant as people would be able to open accounts directly with the ECB.
Exactly! This is what I've been saying about Steem, that users have an account directly with the Steem central bank - whether they use that way, or not, is up to the individual.
This is quite a lengthy article, so just reposting this link:
Hard Problems in Cryptocurrency: Five Years Later
Great summary of the state of crypto tech.
ONECENT Freebies
Now, to some prizes!
That random player will also be added to our automatic-voter (if not already there) and to our new TRENDO tipping token comments.
Note that the tip token lasts for at least 10 days and is subject to availability, as a maximum of 10 can be distributed per day. Also, any user who wins while already receiving bonuses will have their bonus period extended by a further 10 days; this can happen as there are not so many players left who are also still posting.
Congratulations!
I hope you find the game interesting. Please post any questions or, better still, if you write any articles on the ONECENT experience, feel free to post a link in a comment.
Till tomorrow!
Building Steem's Fintech
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
Plus Some Serious Funtech
ONECENT: The First Strategic Token Investment Game (STIG)
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