It may seem like not much is happening at the moment but believe me we are working away and also waiting for some time to pass. Why?

STARPRO Supply and Demand

We introduced STARPRO as a fixed supply token to combat the issue of STARBITS inflation. Over time we have added more and more use cases for STARPRO.

As you can see from the price chart above this has caused a steady rise in the price. Slow and steady is what you want, not "boom and bust" like many cryptos!

We continue to add more uses for STARPRO without increasing the supply. Recently we decided to only list boosters and other cards required to progress for STARPRO only. We are working on something else that will increase the demand even more.

Music Promoter

This is the ONLY WAY to mint NEW STARPRO!

There is a threshold at which it becomes more profitable to use Music Promoter than buy from the market (as it is now). In theory this puts a floor on the STARBITS price regardless of the inflation. There are no guarantees of course but we hope this is the case. We get closer to this threshold every day and if we had not seen such a dramatic fall in crypto prices we would already be way above that threshold.

We get a lot of people telling us that we need to reduce the STARBITS rewards and increase the pack prices. I'm sorry but I do not believe this will solve anything. In fact this will make the game less attractive for new players and that is not what we want.

I am 100% committed to our solution of using STARPRO as outlined above. Could I be wrong? Sure! But I think it has a better chance of working in the long run than anything else I have seen suggested or we can think of.

Raves

These are being tested by players all the time and we are almost finished on the coding side (just the final reward calculations to completed and some improvement to the 'look and feel').

However we are not in a rush to put this live because we have been building the reward pool in such a way that it will be sustainable. As soon as we go live the reward pool will not grow as quickly as we will be paying out SWAP.HIVE to Rave participants. The longer we wait the larger the initial reward pool will be.

Player Numbers Decreasing

It is understandable that we are losing players at the moment as the HIVE price has been trending down and touched 25 cents just a week or so ago. I know I always say it is only a game and you should only play it if you enjoy it but a lot of people (understandably) are only interested in making money from it and everyone has a point where they are just not making enough to make it worth their while. We are hopeful that as the crypto markets recover and also with the launch of Raves that people will return but even if we end up with 1000 players we will continue to work on new features as we love doing so and we love the community!

A Lesson Learned

The main thing this bear market has taught us is that Rising Star needs to be self sustainable and not reliant on an ever increasing number of players.
Thankfully we have been able to achieve this by investing some of the profits from the first two years into various schemes that provide a regular income to cover our costs and provide slowly increasing rewards for Raves and other features we may bring out in the future (thank you HIVE witnesses for the 20% on HBD savings!).

Thank You!

Lastly I would personally like to thank the amazing Rising Star community for your support during this difficult period and we hope you agree with our vision on how to move forward.

Let's all RISE UP!
Jux.