Tomorrow morning, Splintershards (SPS) should start trading on Huobi, which is a top 10 exchange, but with 1B in trade volume, does about 7% of the volume of Binance, which is by far the largest in volume with 15B traded daily currently and is also the most highly rated. But, 1B a day in volume is nothing to sneeze at and it puts in a similar ballpark to Coinbase. And, it is about the same volume that MEXC does a day, which according to Coinmarketcap, is the highest volume exchange for SPS and has done almost 600K in the last 24 hours, which is about 40% of what has traded on all exchanges listed.
If Huobi was able to get around the same, that is a fair trade amount moving backwards and forwards each day and should generate some additional trade interest on SPS and hopefully, on Splinterlands itself.
The more listings the better and, the larger the exchange the better too of course, because it gives trading access to an increased number of people, as well as spreads the trade volume further afield, bringing a little more stability. Not price stability, but stability through decreasing reliance on individual trading points. I don't use Huobi, but I am hoping that it will increase interest and pressure on Binance to list also, which I do use.
I think that at some point, while they can warn all they want, exchanges are going to come under more scrutiny over the role they play in the various pump and dump scams, as well as the token hypes that have no product behind them. Because of this, it could be that they will start being a little more choosy with the tokens they list, from even the ones who pay them to get listed. This will hopefully mean that games like Splinterlands and platforms like Hive where the tokens are based on "real world" activity, not just trade speculation, will be more readily added to exchanges because they have business potential and community support beyond Twitter hype.
while the "wild west" of crypto is necessary at this time, for the industry to evolve to become mainstream, it will have to solidify through regulation and self-regulation is better than forced regulation. Due to all of the scams and hype losses in crypto, forced regulation is going to increase and it will capture the market, unless the industry itself decides to do something - with the industry being us.
One of the reason that these types of scams can run with rugpulls left and right is because they get support by capturing into our FOMO and greed mechanisms, as we chase the best return of the moment, relegating security or longevity into the background of importance. Even when we know it is not longed to survive, we ape in believing we will be the ones who will get out in time, with gains. It is not healthy for crypto as a whole, yet how many care about the industry as a whole and, how many are really only interested in securing their position on a higher rung of the fiat world?
The fact is, that while some tokens might be able to survive as standalone currencies like Bitcoin, the majority are just not going to cut it, unless they are tied directly to business activities in some way. This is because there is essentially no cost to making a cryptocurrency, but it is enormously hard to add lasting value to it. With it tied to business models where there is some kind of consumer demand, the token value comes through the demand of the business, and as long as there is demand on that model, the token can be traded for other tokens and currencies.
Splinterlands has successfully done this and it has successfully proven the viability of Hive to be a platform of enablement for business models that are standalone products, but are still part of a larger ecosystem and economy of diverse community transactions. It might not have been done in quite the same way as it was envisaged with "SMTs" six years ago, but it has still been done and has brought in a host of new growth development opportunities as well, which spread ever further into the blockchain world and across multiple chains and communities.
It is pretty crazy that with all of the trash out there, especially around the NFT world, Splinterlands doesn't get a lot more demand pressure put on it. But, it will come, because not relying on the hype means having to rely on the product and the demand it generates from the user community. This is a more complex and difficult approach, because while users of course want an ROI, they also want to have a product they enjoy using. Pretty much all other tokens out there have taken the easier path of ROI only, with very little put into the product experience, or building a model that has longevity.
While I am not expecting it based on this exchange listing, I would like to see a pump in SPS prices to create some more product hype, especially before the upcoming Splinterfest event. But for me personally, also because I want to grab another node with some of the SPS I bought cheaper than today. Or if it really gets moving - perhaps some cards I am missing too. Once the hype starts though, I think pretty much all the Splinterlands assets are going to move strongly upward, so even though there will be variation on which was the "best" path for ROI, everyone will benefit.
This is the thing with all-time highs, all the holders are up.
But, what will generally give the better return aren't the ATHs, it is the consistency of growth and development that sees continual demand on the product that keeps engagement high, and the willingness to spend continuing. That's a business and in crypto, we can also be owners of what we use, not just consumers.
There's Hype, there's Hope and there's Home.
Keep a roof over your head and own your home for life.
Taraz
[ Gen1: Hive ]