Yes the $SCRAP token has declined considerably in the last few months. The problem is that it's so easy to earn SCRAP in the game, especially for the biggest investors into Terracore (whales). Some ideas to help @terracore with their Token Price :
- Implement more Token sinks into the game so that people will want to spend more SCRAP rather than selling it.
- Attract new players in with promotions and partnerships.
- Institute a 'Staking System' to enable reward claims when robbing other players (the way Splinterlands is about to do with SPS) perhaps on a Tiered system [100 SCRAP Staked = Bronze = 10% rewards, 1000 SCRAP Staked = Silver = 50% rewards, 10 000 SCRAP Staked = Gold = 100% rewards.].
- Introduce Guilds into the game, perhaps with Land and Buildings that gives players more protection from being Robbed.
- Reduce the amount of SCRAP being minted (Mine Rate).
- Introduce some sort of strategy into the game so that it becomes more than an idle mining game. Mining game Tokens have not been doing well in this bear market!
@enginewitty anything to add?
Anyway those are a few suggestions of mine. Happy 4th of July!
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