absolutely and I agree that risingstar has a nice shiny object with that 1 millionstarbits card/quest.
As it is not easy to get that amount it has so far been a good starbits sink. However, as it is a big investment I fear a lot of people that get it will want to take profits on that. So I expect the selling pressure on the token to increase over time as more people reach that target.
Yeah, that selling pressure sure does kill a lot of games.
But there are a few sinks - like uploading records and record staking.
There's also the whole buying of new cards.
It becomes a bit of a pyramid after a while though, with us needing to attract new players who want to put some fiat or other cryptos into the accounts.
I wrote about this being part of a retirement strategy, but its a game and I have to remember that too.
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true, the connection with real music and staking on records is a very good way to provide a sink for starbits.
I must say that for me risingstar is one of the best ones out there in terms of keeping the token price stable. That’s not an easy accomplishment
I keep buying more starbits. For now I am staking them in records, by the time I get to level 50, I will see how close I am to the million.
I hadn't gotten blogging rewards in a while, so I have been very happy to move things around.
I staked on a new record today, I hope it gets lots of sales.
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the staking on records is an awesome feature. do you know if it helps the artist as well?
Artists have to pay 120,000 starbits to upload their NFT and then it sells 25 times.
I am not sure if this makes them a profit or not.
My husband is a musician and I am looking for a song my kids and I recorded once upon a time.
I have one of the MP3's ready so I'll be able to tell you first hand if it pays or not.
I suspect that its "for exposure" and fun more than anything, since your song gets played on the rising star radio.
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oh that’s around $25 or so. not cheap, but you could market it and then if it is a good stond make a profiti hope.
The exposure and getting play time on the risingstar radio is cool.