Firstly, the numbers: our total value is currently about 2794 STEEM (+5 STEEM), including 2135 STEEM within Steem Engine and a total of 19403 tokens in play. This gives ONECENT an ABV of about 14.39 STEEM cents (0.1439 STEEM), up slightly on yesterday.
A bit of light relief today, with a modest overall increase in STEEM fund value.
As I said yesterday, I think we may continue treading water around the 14.0-14.5 cents level for some days now. Even post income has flattened out. I've estimated a floor on this down-turn and it looks to be about 14.2 cents, so is very much a correction rather than a crash.
We continue to mark down some token prices as very few of them seem to be holding onto any support, however, they also still bring in some income, hence a reluctance to just clear them from the accounts. LEO is one exception that is slowly rising, but it takes a lot of effort to balance the obvious sell pressure. Luckily, a large part of our holdings is in other MAP FinTech programs and their effect has been minimal; indeed, some tokens such as MAPR continue to rise in price, albeit slowly, and we still get valuable upvotes.
Any opinions on this, please leave a comment.
Have a fine day!
It further notes that an ECB-backed digital currency could have “far-reaching implications” for the financial system. Not only could it alter the way monetary policy is transmitted, but it could also render commercial banks redundant as people would be able to open accounts directly with the ECB.
Exactly! This is what I've been saying about Steem, that users have an account directly with the Steem central bank - whether they use that way, or not, is up to the individual.
New York State Department of Financial Services (NYDFS) has approved SoFi's BitLicense application, allowing SoFi Invest customers in New York to trade cryptocurrencies on its platform through SoFi Digital Assets, LLC.
“Hodlers of last resort are insane,” Rhythm summarized.
According to the data, the amount of dormant BTC as a percentage of the total supply has sharply increased in recent years. The trend has remained intact during both bull markets and bear markets, signaling a desire among investors to save rather than spend regardless of profitability.
Rhythm report link can be found here.
This is quite a lengthy article, so just reposting this link:
Great summary of the state of crypto tech.
Now, to some prizes!
That random player will also be added to our automatic-voter (if not already there) and to our new TRENDO tipping token comments.
So, our winners today are... @rosatravels !
I hope you find the game interesting. Please post any questions or, better still, if you write any articles on the ONECENT experience, feel free to post a link in a comment.
ONECENT: The First Strategic Token Investment Game (STIG)
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If you're not, then you won't - but you could.
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