Shimmy Shaq loves my move!
Admittedly, this was a bit of a snap buy decision for me. And I think it largely stems from the fact that the one thing I have come to know about the NEW Steem is that getting into any new project tends to be an awesome move.
But when I FINALLY had the chance to rationalize & read the introduction post for the project after snap buying up these stakes, I realized that I think I made the right move.
Intro post:
https://steemit.com/money/@onecent/onecent-new-strategic-token-investment-game-now-open
Was I buying up an exploitative scheme? No, I don't think so. What I realized was this:
I think when people come to think of it this way, ONECENT begins to make a whole lot more sense given how STEEM and all the new tokens work. The crazy part is this money manager offers an ascending stake in his business where those who move fast get a first-to-market advantage. I think that basically sums it up.
From the intro post:
All STEEM from the sale of ONECENT tokens will be invested in either the Steem Power of the game account, @onecent, or in other tokens that will generate income.
The game shall stop when, either 10 days have elapsed without a BUY trade processed, or 200 days have elapsed since the start date, whichever condition happens first. The start date is taken as 12 July 2019 so that the end date will be on 28 January 2020 at the latest.
The day after the end date, a final account reconciliation shall be published with the final price per token. All funds shall be distributed to token holders.
At the end of the game, all users still holding tokens shall be able to sell them on Steem Engine back to the game account for the final published price.
At the end of the game, ONECENT holdings such as SP and tokens need to be powered down or unstaked in order to be distributed. It is the responsibility of the token holders to check when tokens are being bought back and to sell their tokens during this final distribution period. Once such tokens have been bought by the game account they shall be permanently withdrawn from the game.