After a lot of hard work...https://www.psyber-x.com/ is alive.
We are skilled game developers. Because of the Founder Starter Kit sales, we arranged for a web developer to get the website going. You'll notice that there's a link for the Marketplace. It is not live, yet, but believe us...it will be soon.
On the site, we have links to discord, Hive posts, the White Paper, and to our Studio's website, Royal Reptile Studios.
Commercial Plots
There is less than 3 days until the Commercial Plots go on sale. This will be the first time LVL will have been used to purchase something within the Psyberverse. We are excited to roll out the commercial plots and wanted to make sure we had the LP in place to help stabilize the coin a little more before offering them with LVL. When we announce the price on Friday, I think you'll enjoy the discount we'll have for you, if you purchase using LVL. Until then, my lips are sealed and my gun locked and loaded in my holster.
Liquid Pools...Simplified
If you've been around crypto for a limited amount of time, you may have never head of a LP, or Liquid Pool. Simply, it is a way for interested parties to provide liquidity for the market. Often, those creating the liquidity get rewarded. Here's how it works:
PsyberX creates a Liquid Pool pair. In our case, we paired LVL with Swap.Hive. Swap.Hive represents the Hive cryptocurrency within the Hive-Engine (HE). Once the pair is mated, people can put in equal amounts (in value) of each side of the pair.
This is called, "Adding Liquidity."
At the time of this writing, 1 LVL is equal to 0.00227008 swap.hive. In order to participate in the pool rewards, I have to add both. As you enter one value on one side, the other side automatically populates because the values must remain equal. Here is an example of someone's placement within our LP:
Based on the image, this person has entered 3.49...Swap.Hive and 1538...LVL into the LP, worth ~ $7.39, and their reward for doing this is a daily payout of all those coins on the side, with a value of approx. $0.026, for an annualized rate of return around 128%. This will fluctuate. Also notice that there is a bonus. Each day or two, depending on how the LP is set up, the person putting tokens into the LP will be granted a bonus percentage to increase the payout.
A huge benefit of having the LP is that you can now buy, or swap, one token for the other very easily. Notice below that 0.00227577 Swap.Hive will be swapped for 1 LVL.
There is a fee for this transaction, so you will receive approx. 0.99499...LVL. The fee goes to the marketplace. In these images, the fee goes to http://beeswap.dcity.io and those fees get paid out to people who stake BXT.
This is the liquidity pool:
There are $4,552 worth of rewards available. Currently, there is 3472 Swap.Hive and 1529786 LVL inside the LP-Over 1.5 Million LVL.
When the commercial plots go live, you will be able to use the LP to purchase LVL to get the discount. If there is not enough LVL in the pool, your swap will purchase LVL at the market rate (based on my understanding). There was a whale that accidentally swapped over 2.4M LVL in a different way and it caused him to accidentally sell over a million LVL for around 0.29 Hive...so you may want to try it out in chunks if you're not sure what you're doing. Do your own research. If you want financial advice, get it from someone who is a competent fiduciary. All this information is to assist you in your research, be we do not give any financial advice. Instead, we offer you this gif:
If you have no idea what PSYBER X is, and want to do a deep dive? Check out any of the links below for great summaries from our awesome community members!
- What the Heck is PsyberX? A Summary
- PsyberX-The Next Level Blockchain Game
- The PsyberX Awakening
- PsyberX continues it's march towards release. A Play2Earn FPS on the blockchain? Yes, please!
- A Little Different-You Win by me Entering this Contest
- Deep Dive into LVL Tokenomics-Not for the Weak Minded
@dagger212 @scholaris @khan.dayyanz @bobthebuilder2 @haveyaheard
A special thank you for great content.
Big Thank You to the PIMP, THGaming & BEATCZ communities for their support and gracious rewards added to our Diesel Pool!
LVL Token can be found on the hive engine, or any hive dex. Unless noted otherwise, all images either belong to PsyberX, are in the public domain, or permission has been granted to use them. Please reach out to us in Discord if you have any concerns in this matter.