Welcome to SIO Episode 1: The Genesis Post
Steemit Interesting Opportunities will be a weekly post that will present different interesting opportunities to the Steemit community. The reader can then discuss the presented topic, or something related to the presented topic. When each user replies in the discussion, their first reply can also post their Counterparty address. For each SIO episode they join the conversation, the reader will be rewarded with STEEMITSIO tokens. These tokens will be redeemable in the future and I would like you help on what great ideas the Steemit community would like to see the token redeemable for. So reply below on what different uses the STEEMITSIO token can be used for, and don't forget to post your Counterparty address in the reply.
A future episode will be to announce the creation of the SIO website. Once the website is created and hosted, a Steemit post will release the URL. The URL will also host a submit button to tie your Counterparty address to your Steemit name. This will be used to make tracking your posts to earn STEEMITSIO easier by not requiring you post your Counterparty address to every episode you reply to. You simply reply and we will bounce the user list of replies per episode with our list of linked Steemit/Counterparty Address data.
What are Counterparty tokens, and how do I get a Counterparty wallet address?
Counterparty is a data layer on the Bitcoin blockchain that allows users to create their own tokens that are sent through actual bitcoin transactions. So, each STEEMITSIO token you receive or send is sent as a part of a tiny bitcoin transaction. There are many Counterparty tokens that represent many different goods or services. There will soon be ability to use smart contracts on Counterparty. You can already use Counterparty tokens in token vending machines, on mobile wallets, google chrome extension wallets, web wallets, a desktop wallet, in iPhone and Android mobile games, and you can also trade different Counterparty tokens on exchanges like poloniex, bittrex, swapbots, and the Counterparty DEX.
Counterparty wallets must hold some Bitcoin as well. Since each transaction for any Counterparty token must require a small fee in Bitcoin, always keep some Bitcoin in your wallet for future sending transactions.
Check out more info about Counterparty wallets in the links at the end of the post.
Now where were we.... interesting opportunities for Episode 1: The Genesis Post.
Interesting Opportunity #1
Spells of Genesis. SOG. The mobile phone game that is combining trading cards and blockchain digital assets like BITCRYSTALS, and many, many digital tokens that represent the cards that the players use in game. This is the future of gaming and tradable digital assets. When users hold token assets in their Counterparty wallet address linked to the game, the card is playable in game.
Based on SOG's latest newsletter:
with the soft-launch knocking on the door, SoG is being endowed with a new, fresh, visual identity. After the logo, our new website is coming soon...
And their prior soft-launch announcement:
SPELLS OF GENESIS APPROACHING SOFT-LAUNCH
Recently the game benefited from a revamped card design and user interface. The implementation of several new features is now being finished and will be deeply tested afterwards. After a period of intensified internal testing, aiming to discover and to immediately fix all possible bugs and exploits, Spells of Genesis will be soft launched in mid September!
The game will be endowed with multiple new, highly expected features. Every day, players will be challenged by a daily quest and their progress will be monitored by in-game achievements. The possibility of creating and joining guilds will also be added, and players will discover several additional campaigns. We are also working on state-of-the-art sound and visual effects.SoG will first be soft-launched in its web version, but it will be shortly followed by its mobile version, which you may expect before the end of September.The mobile release will be enriched by in-app purchases, so players will be able to buy offchain cards in-game, with a certainty of getting rare, or even better card.
Full Game Release
After the game soft-launch, we will meticulously monitor and measure multiple factors and achievements of the objectives we’ve set up previously. If the results correspond to our goals, we will work hard on making the full game release possible about a month later.Nevertheless, it won’t finish there! We already have a few ideas of other great features to be added to make your game experience even better.Stay tuned for news and announcements to follow.
This is an excellent time to begin your journey into the world of blockchain gaming. This is a Counterparty crowd-sale funded project that launched it's own in game currency BITCRYSTALS, and actual trading cards that you can purchase, trade, and use in-game, all tracked by the blockchain. This ensures that there are no fake or hacked cards in game when they are backed by a Counterparty digital asset token.
This type of token technology will be used for many things in the near future. Check out the links below for more information on Counterparty, Counterparty projects and tokens, and Spells of Genesis and BITCRYSTALS.
And How is Spells of Genesis an interesting opportunity?
Well you may believe that since you missed the crowdsale that funded the game, that you may have missed the boat. However, there are still plenty of opportunities heading into the soft launch of the actual game.
1. The Counterparty token BITCRYSTALS is the in game currency. Every month when players use BITCRYSTALS to purchase new cards to play the game with, SOG keeps about half as profit and destroys the other half of the incoming tokens in a process called burning. This ensures that the total amount of BITCRYSTALS is constantly decreasing. As long as the user base and the demand for BITCRYSTALS increases, this puts pressure on the price of BITCRYSTALS to rise. The current price is at $.28 which is slightly down from the high of $.33. Now may be the best time to get into BITCRYSTALS for price speculation.
2. The blockchain based cards are still releasing. The limited edition cards backed by blockchain tokens are typically sold very cheap and the value drives up on many cards once they hit the market. If you would like to see some good examples of high value cards, check out the SOG Assets site listed below and look for the SATOSHICARD and GENESISCARD.
3. If you are into trading card games, this may be the game for you. It is a mix between an arcade type game with the fun of trading cards that can be combined and upgraded. It's one of the most interesting mobile game betas I have ever been involved in. While I have sold some of my original cards for profit, I have kept a few and will continue to play this game once it is out of beta. There also is nothing wrong with looking at the cards and in game currency as an investment since the prices seem to steadily be rising. Now that's what I call a fun investment!
Counterparty
Counterparty Wallets
https://wallet.indiesquare.me/
https://chrome.google.com/webstore/detail/bitcrystals-box/gjjjaogbadfcnaahmnpgcllhmnjbejcg?hl=en
Spells of Genesis
http://www.spellsofgenesis.com/ - logo image from here
https://twitter.com/SpellsofGenesis
https://sogassets.com/ - example card images from here
Interesting Opportunity #2
I will keep this one a little simple. One of the things you will see here are different digital currencies that you can invest in. Many of these currencies start with what is called an ICO, or Initial Coin Offering. This is what gives an investor the opportunity to kickstart a company, project, or software by buying in at the bottom floor level, often with many types of purchasing bonuses.
I will have a few of these upcoming ICOs in the next posts. For now, I am going to share a Steemit post I made earlier this week. You may have missed the 15% bonus for buying in the first week. But there is still a 10% bonus for buying in now!
They currently have raised $3.2 Million from 1155 investors. There is still 26 days to go in this ICO. They have already raised their goal set, so do some research and see if this may be project you wish to support.
Check out my original post here:
Nice post. I was about to start a similair discussion. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. I really advice people to take a look at: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Check for example: https://www.coincheckup.com/coins/Counterparty#analysis For a complete Counterparty Indepth analysis
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