I didn't know shutting down the Terra.sinkhole Project would take this long. I have added another 230 HP to unstake. Unfortunately I didn't know it would mess with current undelegation so this week pay out will be postponed (I guess). I will gradually put everything into swap.hive:scrap pool as mentioned in set plan. This project is currently proving over 15% of scrap liquidity. And despite game being abandoned, the 30 day trading volume in swap.hive:scrap pool exceeds its liquidity - which means someone is still playing it. If you consider HP in pools this project's full impact weights 4 million scrap - which is 6% of token circulating supply.
I still do play it myself however I don't swap the tokens anymore because I see little chance of price going up. I keep playing the game out of momentum not because I see any sense behind it. I haven't really decided if I should pull everything out of it and focus on other things, yet.
Even if the final step is to burn the remaining tokens, the Terra.sinkhole Project can still live on in the community’s memory as an example of a grassroots initiative that managed to sustain itself and have a real impact on the market – despite the lack of support from the game’s creator.
So what's the shutdown plan?
I guess it's an end so I suggest the following:
- Undelegate all HP
- Ustake Total 'HP - 10 HP'
- Convert Hive into swap.hive
- Swap Hive for scrap
- Burn scrap (I was wondering if transferring the funds to my player account would be a transgression), for now - even though it's tempting, I will simply burn it all aby sending it to
You can read about the rules of the project here
How did we do?
| statistic | value | change since last report |
|---|---|---|
| HP | 310.072 | - 68.7 |
| Delegations | 1,035 | -207 |
| Hive account value | $53.83 | −$34.32 |
| Scrap burned | 0 | 0 |
| Scrap in LP | 2179000.75815845 | +1844272.75815 |
| Hive in LP | 18.9 | +7.9 |
