Hello everyone,
Wishing you all the best of days. Today, I share an update to veridiPASS Game of Life platform that is in development. First, let us take a closer look at pepEntropy and see what it is worth, what it does and how it fuels a gaming project.
https://tribaldex.com/trade/PEPENTROPY
The above chart is created by @fjworld and represents daily price checks from the open market and uses moving averages as technical indicators. Note, the chart vertical scale is exponential.
What is pepEntropy?
Token Name
PEPT Entropy, a use case created for Project ePayTraffic ecosystem. The "T" in PEPT was dropped to fit the token symbol character limit. The main focus of the token use case is to extract value that is stranded within a token marketplace. The pep portion is lower case to emphasize the Entropy in systems. When you put it all together, think of pepping up entropy. If you don't know entropy and how it transform, it can get complicated but hopefully after this blog you will have a better understanding why FJ can take something very complicated and convert it to simpler terms and activities that can have a huge impact on digital wealth creation.
Just know that entropy exist everywhere and often referred to unusable energy. That is, unusable to most. In fact, as our universe expands, the amount of entropy expands. However, this is a discussion for another topic.
Token Supply
The token was created with 1 trillion token as the maximum. At the time of creation, a high value was selected based on a speculation that a trillion tokens would be more than enough. A SWAG method was used. Scientific Wild Ass Guess. At this time, and after having learnt a lot since I join Hive in March 2023, there is no intent or belief that we would ever issue all tokens. So an executive decision was made to start by placing 10 million tokens in circulation. If you hold PEPT tokens than the success of pepEntropy contributes to the overall digital wealth within our PEPT community and ecosystem. Do visit and subscribe to our PEPT community to get more informed of our overall ecosystem evolution.
https://peakd.com/c/hive-102963/
Token Description
PEPENTROPY token and trading account is a financial measure and investment vehicle used to ensure long term growth of our PEPT traffic exchange community token. In other words, it is FJ applying over 40 years of investing and trading methodologies. The market maker and trading strategies are part of Qualitative Investment Strategies(QIS) that are proprietary to FJ World Inc(FJWI). FJWI is the legal corporation responsible for reporting and abiding to Canadian security laws and to mitigate risks associated with project(s) objectives.
Precision
A precision of 3 means you can trade the token to 3 decimal places. ie 0.001 token is the smallest portion you can trade.
Token Valuation
Well, how does one value a digital asset? I have come to learn that value is mostly arbitrary for most layer 2 token projects. I say that, because many projects ignore their token trading price or claim that Hive valuation is mostly useless because you have to look at the price of Hive and the value of a US dollar. To that I say, BBB - Bullshit Baffles Brains. Now how many of you have I just insulted? Seriously, I do not buy into circular logic. I follow a KISS principle. Keep It Simple Silly. Meaning, I stick to Hive valuation. At any moment in time, I want to know what the price of a token is in Hive. How many Hive is a buyer willing to pay and how many Hive does a seller want to sell. No need to complicate things in such a way that a valuation is based on how you assess symptoms of a valuation.
Token Holders
The folioing snippet shows current pepEntropy token holders.
https://he.dtools.dev/richlist/PEPENTROPY
From the list, the top 5 account holders are PEPT system accounts managed and controlled by FJ, the PEPT founder. The pepEntropy trading account is used by FJ when he plays the maket maker and investor roles. The objective of trading is to ensure there are sufficient buy orders for holders to unload their tokens if that is what they wish. No side deals when it comes to trading. No private deals and no issuing of tokens to raise capital outside of the open marketplace. If FJ needs more capital to leverage returns then sell orders will be added and available to everyone.
What do token holders get in return for taking a risk?
Every month, pepEntropy allocates and distributes Return of Capital to token holders. What does this mean?
Have a look at the latest monthly report.
https://peakd.com/hive-102963/@pepentropy/pepentropy-december-2024-return-of-capital-roc-up-20percent-from-previous-month
Monthly returns. Well, you may call it passive income for token holders. You receive SWAP.Hive that lowers the cost of your capital support. As far as FJWI is concerned, the company is returning a portion of capital that was provided to indirectly support our PEPT ecosystem. How you report income or capital gain is up to you, the token holder.
Again, FJ makes it an objective to make token holders happy regardless of what Hive does, what the US dollar does or what the Canadian dollar does. Interestingly, the other day I was sharing my investment returns with my wife and mentioned that I had to make changes to address the likelihood of one Hive trading at the same US$ valuation as a Canadian dollar in US$ valuation. A stake in the ground at 0.69 where returns from an investment can suddleny be a 10 bagger gain or a sleep in the sac. Waiting and not knowing what to do so may as well follow the crowd. OK that's #TooFuckeh. Now I am laughing cause the other day I got censored in the BRO discord server. Man, I am glad for being different and I hope some of you can look at the world differently after reading what I share. Just good old honest data you can consume and formulate your own information to support whatever step you take from this moment forward.
Every effort is made to continually increase the buy side of a trade.
If you are someone that can be overly stressed and excited from a market price movement then maybe you should take a closer look at holding some pepEntropy tokens. The pepEntropy account will see gain and losses everyday from trading over 60 different project tokens. From day one of operation, pepEntropy has delivered net gains, month to month and thus been able to increase the amount of SWAP.HIVE distributed to token holders every month. Plus, you have had many opportunity to take some capital gain and lower your initial capital support.
Oh, just thought of something else that is #TooFuckeh That is me or anyone else on Hive letting the world know within a current posting, that our offering, ie that which we want consumed; does not constitute a financial investment advice. #LOLZ If you don't know why that is a silly thing to say, ask me?
OK What's the connection with veridiPASS ?
Project funding. The veridiPASS project received 1 million #TooRFuckeh problem solving tokens from our PEPT banker account. Those tokens were listed on the open market. Several blogs have been published to try and get Hivers to buy some #TooFuckeh tokens. Very few Hivers have taken a position so far but in time I expect this to change. With all the knowledge I have gather from assessing 60+ layer 2 token projects I can see much weakness in most business plans behind the projects. Lots of excuses why their token is trading at a low price and lots of hype suggesting that everything will be much better when we are in the next bull cycle. To that I say bullshit. I will not tell you that pepEntropy will be a 10 bagger in x number of months or years. Why would I do that? I will say, based on my own effort, pepEntropy will continue to go up as long as I continue to make money from trading layer 2 tokens on Hive.
veridiPASS is in the initial development phase where FJWI is providing most of the funding. By placing the borrowed TooFuckeh tokens on the open market it means that some funding may come from those willing to make a change with FJ. It's not a chance but a calculated risk. The project is not going to wait and see if Hivers buy into the project. I do want more people buying into the project because it is my way of demonstrating how I can help your own digital wealth building journey. It's about collaboration and not competition. So, when you see pepEntropy buying TooFuckeh tokens and the seller is veridiPASS it means that FJ reinvest capital gains from our pepEntropy trading account. You want to help out? Sell your least wanted tokens that are cluttering your account and buy some TooFuckeh tokens. Or, buy some pepEntropy tokens so FJ can leverage gains to new heights. Or, donate your unwanted tokens to pepEntropy. All good choices that will create a net benefit for our Hive community.
Additional information
Have a look at a couple of recent blogs I published to inform Hivers and the world of some goals and objectives.
https://peakd.com/hive-140084/@fjworld/fjs-use-cases-on-hive
https://peakd.com/hive-140084/@pepentropy/a-toofuckeh-leo-challenge
I am very serious about seeing TooFuckeh trading at a price higher than a LEO token. I am not speaking out against the LEO project cause pepEntropy is supportive of a LEO token success. The project founder has indicated to me that, I should expect the token price higher in months. Similarly, in a chat, DRIP co-founder gave me expectation of higher DRIP value in 6 months. To me, these are just datasets in my own analysis. It just means that sometimes pepEntropy will buy and sometimes it will sell depending on what a QIS determines the best course of action is at a particular point in a market cycle.
veridiPASS Valuation
Currently holding 31 Hives valued around $15 US and 400 BEE valued around $50 US
The account is currently accumulating BEE to make available for Hive application development. Lots of BEE will be required . No decision has been made as to what Dapp will be used but a foundation is being built to support such future decision. It is with hope, that more supporters become available in playing some of the roles demonstrated by FJ and thus responsible to an element of a decision making process. ie governance.
The account has 100 HP and 50% is currently delegated to @fjworld and effort is made to accumulate additional HBD earnings. Estimated value is just over $50 US
Below you can see the open sell orders for #TooFuckeh tokens from the veridiPASS account. Approximately 120k tokens remains to be sold. It would be wise to buy them cause if you don't, pepEntropy will buy them and sell them at a higher price later.
Once all the TooFuckeh tokens are sold, the project will start to repay the loan to PEPT. At which point, the raised capital will be used to pay some Hivers to complete various tasks and services related to building our game of life platform.
The following Hive community has been established for our veridiPASS game of life.
https://peakd.com/c/hive-101880
Well, time to close my blog. Hope you have a better understanding of pepEntropy, veridiPASS, PEPT and FJ the Jack behind the scene. I am really hoping to see more support from the Hive community. I know I am not offering the hype of making a shitload of money and I never will. In fact, I really dislike the action of people, influencers who become financially successful from hyping an idea that often leads to losses to most of the supporters of the idea. Let me be clear, I hate no one but I do dislike the actions and inactions of some people. I come from a large family of survivors. From rags to riches. Only possible because of the will to fight for what is right and to have the courage to never quit fighting. I am of an Acadian ethnicity that survived a genocide in the 1700s. So I ask that you honestly consider collaborating your own journey with FJ's journey. A journey determine to create Hive millionaires. Not billionaires cause I think it is sickening to think anyone should be a billionaire. Why? Ah, that's another topic. Here today, I am promoting an opportunity for you to collaborate through a veridical passage and onto a Game of Life platform.
May #LUV and Positive pepEntropy be with you.
PS Anyone need #LUV tokens to send love to another Hiver? Post I am interested in sharing love in the world. I will send 100 tokens to get you started.
