RE: New Game Launch in 19 Hours: Get In Early - Ponzi Style Win
Excellent insights, as always! Unfortunately, I also came across this clone site before you wrote this, so I wasn't able to use your referral link. I'll hopefully get you on the next one. The thing that troubles me about this site, and its COSMOS clone, is that you can buy the token for much less than the value of buying the in-game collectibles (at least that's what they want us to believe them to be).
For example, I just purchased 100 SHIPS tokens from the market, which cost me 2.4 TRX. If, however, I purchase the Class 8 ship within the game, I only get 50 SHIPS tokens, which costs 50 TRX. Since I have not purchased any in-game collectibles on either site, I'm not sure how the dividends are distributed for those who buy in-game. Are you getting 47 TRX a month for the 50 you spent?
I actually prefer the long-term games. It's easy to see that this is not a long-term game, but rather as you rightly call them a ponzi-like scheme. I'm still a huge fan of TronHives, which I learned about from your excellent post High Yield Investment in TRX: Tronhive Your Way to Riches, which I highly recommend your readers have a look at! They seem to have created a successful formula for success, which I'm hopeful that perhaps someone on the Steem network could copy... maybe call it SteemBees! ;D
Hello... The Bee one also has a ponzi model, it will run out of funds when new people stop joining.
The ships and cosmos give you a 48TRX return for the 50 TRX purchase but the ships augment in profitability as you go up. The SHIP tokens only give you dividends of daily transactions, which is good now in the start, but usually they are like 0.01 TRX as daily investments soon come to a halt.
I tend to prefer the ships.
Thanks for the excellent comment and the link to the hives post, but be advised it is also a ponzi, albeit a more successful one, and will run dry as soon as people stop investing.
I'd like to offer another perspective, if you don't mind. Firstly, I agree with your concern, it could very well be a ponzi, and the well could run dry. However, what makes this investment game different from, say, those that I have seen in the part that offered DOGE or LTC or BTC, is that this is a DPoS coin, which means that the incoming coins can be staked. This would create the possibility to not be solely dependent on new players for funds. Also, TronHives at the moment has about 1.7 brillion TRX that has come into the game, with 776 million TRX that has gone out in rewards. The 1 billion TRX difference can easily be invested in other projects that earn more rewards, allowing the game to stay above water. Now, whether or not the developers use this strategy, I don't know, but if applied in the way that I have described, STEEM could use this model to create a fun and successful investment game, using the formulas from TronHives. I'm not good at coding on the blockchain, otherwise I would definitely give it a try. I'm copying the model and saving it, in case the sight goes down. I believe, however, that if they are wise, they could continue to be profitable, and outlast the other TRX games.