AMA recap: Only honeytraps always go up
The current drastic fluctuation in the cryptocurrency industry did cause some distrust in the GameFi communities. In the last AMA with Crypto Wolf News, we took the chance to point out some facts to be weighed when making an investment in a blockchain gaming project.
Don't fall for a honey trap
Q: Too many projects promise miracles but never deliver a viable product or generate income within a reasonable time frame. Is this the case? If not, please tell us what distinguishes it from other projects.
Based on the experiences of a team with 5+ years in cryptocurrency in particular and financial investment in general, there are always ups and downs in the market. The difference between a trader and an investor is that an investor looks for long-term growth and a solid roadmap. That’s why the Crypto Piece team put extra effort into developing our products, defining a clear route for an ecosystem and fulfilling what we have planned.
Only honeytraps go up no matter what is happening in the market or promise “overnight miracles”. Behind the scene, we are working hard to make sure the delivery of not only games but also our own blockchain, DEX platform, etc. Those who are patient enough will get rewarded in the long run.
There are so many scammers out there claiming to build real projects but are actually out to get investors money and vanish, give me strong reasons why I should believe in your project and invest for the long term?
In our private sale and IDO, we have successfully raised 1 million USD, which makes us be accountable for ensuring the benefits of our investors, partners, VC and community members. The stakeholders who trust us with hundred of thousands of dollars are experienced business owners and financial investors themselves. After carefully examining the business model, planning and the potentiality of our human resources, they chose to trust us, so I don’t see the reason why you should not. Also, you can join our social communities first, following the Crypto Piece updates to see whether you should invest or not based on what is actually going on with the project.
Actions speak more than words (& short-term numbers)
According to the project’s roadmap, what are your most important next priorities of the project?
At the current time, we are planning for an expansive marketing campaign for the next game TreasureShip. The main focus is to pump back the $Belly value and increase liquidity by selling in the Belly-USDT pair.
Meanwhile, the dev team is working on our DEX platform, where our users can stack their tokens and receive many benefits such as being enlisted in our upcoming projects' private sale and whitelist.
Most people judge a project by its token price. So, what is your plan to maintain the token price? Will there be some kinds of burning/buy-back program.
According to the plan, there will be a burning mechanism for $Belly in future game projects. 1% of trading in tax will be used to buyback and burn $Belly.
Is there a NFT lending or leasing mechanism? In order to earn passive income?
Yes, we are developing a similar function to Axie’s scholarship. For those who want to play2earn without buying NFTs, they can collaborate and share the profits with gaming guilds or other NFT owners.
