Hive is going to get very scarce from splinterlands and other apps.

in LeoFinance2 years ago (edited)



Splinterlands will drain RC in the future.





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Splinterlands is the top game in crypto and blockchain at the moment based on daily active users. Now, how many are bots and how many are people could be debated but what can't be debated is how many transactions the game creates on a daily basis.

Hive is currently the fourth largest blockchain in terms of transactions with an eco-system a fraction of the size of some others like WAX and TRON.



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The first thing that this did when the big wave of users hit in August was the team themselves were burning hive to create accounts at a ferocious rate but it's the long term effect of this growth that will have the biggest effect on the chain.

Resource credits will drive demand for Hive. Especially when RC delegations go live and Hive goes up in price as time goes by making it prohibitive for small users to buy enough to operate it will become cheaper to rent RC for operations than buying it to stake.

The knock on effect of having lots of accounts operating on the chain and creating transactions. Every account that plays games will need to either power up hive or rent RC from users that have RC to spare and willing to rent, markets depending.

I have a lot of cards built up over the years so the obvious play is to rent them out for additional income.

Originally I just set the prices myself and changed them a few times during the season but especially with the new splinterlands reward system that end of season pump is no longer there and it's more profitable to use a rental service to manage the cards and maximize the rentals.

I'm not sure how the rental bot works but it spends the time constantly changing prices and trying to get the best offer for your card at any given time. This involves a lot of Hive transactions to keep changing the price and make it work. So guess what.

This costs a lot of resource credits to keep the system working.

That means lots of Hive.

I have three rental accounts at the moment, two with a lot of cards and the third that I am slowly filling up with the chaos reward cards ever season.



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Account one has 410HP and at 29% RC.
Account two has 200HP and is at 39% RC.
Account three is on 20HP and at 68% RC.

That's 630 hive power need just to keep these three accounts renting out my cards.

And as I keep buying up more and more stock from my rental income this number is only going to go up. It won't be long before I need 1000 HIVE just to keep my RC above the line.

And that's just me.
There are a lot more and a lot bigger accounts out there.

And that's just splinterlands.
There will be a lot more games and apps in three years.

And that's just with 2m accounts.
There will be a lot more than that in a few years time.

At the moment splinterlands is eating up resource credits form all sides but over time there will be more games and more users that multiply these transactions by a factor of ten.

All of these transactions need resource credits to operate.

Resource credits need hive power.

Hive is going to get very scarce as we see more and more apps building on Hive. Splinterlands is still in their building phase and if they get it right we could see them 10x their user base over the next few years and drive the Hive price to the moon.

Until then. It's a good time to start playing yourself.



Try for yourself.



If you haven't played the game before then now is the best time to join. Today is much better than tomorrow and a lot better than later.

Cards worth a few cents now will have a much higher value in the future as the print runs out. We have a strong community and seen this happen every time as it grows with the game.

Link to the game here,



Splinterlands.



Posted Using LeoFinance Beta

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In that case you might want to stop that 21K PowerDown you started yesterday!

Nope.
That's to get some liquid hive if this strange pump keeps going.

It would be nice to catch one of the peaks before the price settles back down again and get even more hive.

It's always about getting more hive. Never less.

Posted Using LeoFinance Beta

how will that work? Take liquid hive and jump into HBD and then buy back or do you do it on an exchange?

I was tempted to take my liquid into HBD on the internal market last night and then buy back this morning but didn't. That's the only way I can figure to it lol.

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Take liquid hive and jump into HBD and then buy back or do you do it on an exchange?

Exactly this.

When hive is over 60C buy HBD, when it drops below 40c then buy back the Hive.

I've been buying for the past few weeks so now time to sell back to HBD if the price holds.

Try to earn some free hive off the internal market.

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I've been fortunate in having some swap.hive liquid for that, hope you're not too late.

I think HPUD might struggle a bit tomorrow!

I had some liquid hive and was buying all the time under 40c but then when the markets took such a dive i powered up since i didn't expect to hit a sell price for a long time.

Said it was better to power up and earn a little bit extra curation for a while before the random pump caught us all by surprise.

I'll probably miss the chance but it's easy to cancel the powerdown if price drops back.

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This certainly took me by surprise!

Splinterlands is still in their building phase and if they get it right we could see them 10x their user base over the next few years and drive the Hive price to the moon.

I see this happening very soon, but then, we need to see some big win for splinterlands in terms of price again. Hopefully RC will be big business like it's being touted.

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I think that land will be the big game changer for the team.

I can see how a lot of the current developments all link together and that they need to build them one layer at a time for it all to tie together.

When land happens and it sucks up a huge amount of the current card supply then the prices will start to rise again.

Rentals are getting stronger and when the bots come back online this will go up even more. The path looks a lot stronger now than it was a month ago.

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I've always felt this but waiting for it has been tough. I remember how thrilled I was when resource credits came out. I thought that was the key to everything but nobody talks about them but @edicted

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This is just the first example of RC in action.

We still need a lot more users and apps to put them under strain but i'm hoping to see them come over the next few years.

Waiting can be tough but it's still very early days for the whole eco-system.

If we have ten popular apps it will make a huge difference.

With 100 there won't be enough hive to go around.

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I’m sure splinterlands will keep on growing and bringing more and more demand to hive but we need more projects like it! Projects that bring a ton of new people to the Hive ecosystem. The hard part is getting people on hive, once they’re here it is easy to find a ton of good projects to drain their RCs 😅

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Splinterlands is doing it daily.
Leo should keep bringing in new users over the next couple of years + project blank if it happens.
Ragnarock could do the same and after that there are a lot of half ideas and projects that might do something.

Outside of the main couple of projects it's hard to see where the next big thing will come from.

It could have been actifit but they never improved their app from the original version and made it easy to use.

I will be interested to see how HAF works in bringing in new groups to build here and if 3speak can add the new layer two communities which seem to have potential.

We're expanding but nothing at the finished product yet.

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I have to agree, actifit really missed out on a great opportunity… seeing stepn blow past them like that must hurt 😅

At the rate that YouTube is attacking and deplatforming smaller YouTubers 3Speak could become the next big thing! There’s TONS of potential there, let’s hope they can capitalize on it.

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The original idea was great but instead of making it user friendly and fixing the app they focused on defi and an internal market with nothing to sell.

It's a shame because it could have been brilliant. The biggest miss for hive over the years has been how many brilliant apps that have been built but never had the business side to make them grow and thrive.

They had the idea and built a beta version but never kept it going.

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Very interesting article. I agree the need for RCs will drive Hive. I am not sure Splinterlands will be the one to do that. Yes we saw a lot but they use Custom JSONs which are relatively cheap.

I dont know the plans of the team enough to comment intelligently. Perhaps they will drive a lot more traffic with upcoming additions.

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Custom JSON's for the game might be cheap but it's the rental bot that is draining RC's.

The amount of JSON's that it produces to keep changing the price of cards is quite big for a collection with a couple of thousand cards that keep needing to be adjusted through out the day.

So in essence it's not just the game that creates demand but the external economy that is also based on hive.

With the game splitting into two modes and crafting coming early next year on land i would assume that these will create even more transactions alongside the extended market and require accounts to need even more RC to operate within their eco-system.

Now we just need ten more apps just like this and things will get very interesting.

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The amount of organic growth that spl has added to Hive is one that's breathtaking. I can remember when more than 8k players were signing up daily on splinter land last year.

We are still in the building phase of course, in no time spl will takeover the whole Nft gaming world and Hive itself will be on the moon when that happens.

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It's amazing the growth that can be achieved when a team build's with a long term plan.
Has a proper onboarding system.
Markets the product.
Makes it user friendly.
Takes the blockchain out of it.

They have done a great job and those days were a great example of what can happen with the right factors lining up at the right time.

It did take years to get to this stage which most teams can't manage to do but hopefully we see a few more success stories going forward.

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Wen moon? 😄

I’m really curious to see RC delegation in action. Will there be multiple competing services? Will delegations be for set lengths of time with locked-in rates or might they be dynamic, with fluctuating rates based on demand?

Moon is the 11th May 2026. Then it all goes downhill from there as taskmaster is now a billionaire and tries a hostile takeover of the Ethereum network which fails miserably and crashes the hive price as he gets liquidated taking us all down with him.

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Stackin up with ya, but hard to even try and catch to some of the phat accounts out here.

!PIZZA

If you hang around long enough you will get there.

It's fun to pass out each account one at a time just by outworking them.

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Nice article! Resources Credits seems to be the backbone through which the platform thrives. That being said , I don’t understand how Hive will go scarce because of activities of gamers on Splinterlands ? I’m a bit confused!

Resource credits are generated by having hive power.

If I need more rc or more people need rc to use the blockchain then more hive needs to be powered up by all of them to produce the rc and reduces the hive supply on the market.

Less supply, more demand always ends up with a higher price.

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Crystal clear now , thanks for shedding more light .

This is a very good point and one that I am loving as had no idea it chews through so many RC's.

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I didn't realise myself how much rc the bot would need until I moved a lot of cards onto it. I had to keep increasing my delegation to the accounts so that they could operate.

The more games and accounts that we have here the more it's going to come into play going forward.

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This is a use case I am waiting to see how it enfolds.
This is what business entails, provide service for folks that do not care of holding Hive.
Can't wait to see this part.

!BEER

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Exactly.

Hive will get recognition when it's not about holding hive.

Hive will be for investors in the eco-system but regular users will just be signing up to the different apps and start with an account and a small RC delegation never having to worry about the blockchain itself.

Now we just need more apps and more users.

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This!

While all the recent price hype is nothing more than a pump/dump on that Korean exchange, there's no denying that long term value is being built thanks to the requirement that anyone playing Splinterlands needs Hive Power.

The more success dApps running on Hive have, the less HIVE supply there will be sitting on exchanges.

It's as simple as that :)

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The latest pump is nice to get a bit of visibly but doesn't change anything.

The real price increase will come when the system sucks up all of the hive form the exchanges to feed the aps and users that are built here.

It won't happen this year but over the next few years if we can get a few more big apps to onboard people and create that value it will begin to happen gradually.

Splinterlands is leading the way and i expect them to double their user base in 2023 which will take even more resources.

The biggest question is where will the next project come from. I'm hoping that HAF opens up the chain to a lot of new development if we market it to the right people.

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I'm an avid Splinterlands player myself, but the truth is that Hive needs something else besides Splinterlands. The game will keep growing, yes, but the ecosystem needs something else: other games, more posts on the social media, more token transactions etc. All those things, together, will bring the RC usage up (together with Splinterlands, of course).

In other words, I don't feel safe that 90% of the transactions on the Hive Blockchain are related to a single app: Splinterlands.

!1UP

In other words, I don't feel safe that 90% of the transactions on the Hive Blockchain are related to a single app: Splinterlands.

Valid point and while it's great to have splinterlands leading the transactions we do need to see more apps bringing in users and growing.

I do think that leo is doing it too but with a blogging site it's going to be a lot slower growth compared to a game.

Games have a lot more growth potential but it takes years to get to that point and a lot are still in development.

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One thing that I'm liking to see is the growth of 3rd-party apps related to Splinterlands, like Rental Bots and Playing Bots.

Yeah, they're related to Splinterlands, but they're NOT Splinterlands themselves. They're new services and platforms being developed on the Hive, using the Blockchain to sell a service to their customers.

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I have seen the RC cost go up over time and I think the price increase for WAX was one of the reasons why I stopped being active there. It just seems like there was no way to stop the price increase because there is only so much traffic that can go through. More users mean less bandwidth for other users.

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More users mean less bandwidth for other users.

That's a good thing for our system here to an extent. As long as it doesn't go too high.

More users means more hive needs to be powered up or else apps will need to rend RC to keep their transactions going which gives us an incentive to buy more hive and make a return on it.

Over time this will drive up the price and the demand for hive.

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Good point about the growing value of RCs. I didn't know that service drain so many RCs. That can have major implications going forward.

It depends on how many times the bot needs to change the price to get it rented so if the markets are quiet it uses a lot more RC but in the busy parts it has a lot of the cards rented and doesn't need to make as many transaction.

Plus I do have a lot of cards out for rent.

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what rental bot? am I missing something here?😐

Thanks for sharing! - @yonilkar

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