It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.
Lots of stuff going on in the crypto world. No surprise there really. Taskmaster had a great post the other day about cryptocurrency 2.0. Can you even imagine? We are still figuring out crypto 1.0, the next generation of this technology is going to be mind blowing!
I have a lot of things written down that I want to cover today, so I am going to get right to it.
Uplift World
If you aren't familiar, Uplift World is a game over on the WAX blockchain. It integrates into Minecraft so you basically are just playing Minecraft and earning rewards on the blockchain. I own a handful of lands over there and it is pretty cool. Some of the lands are tied to RPlanet which I will be talking about in just a bit.
It was recently announced that The Uplift World will be moving to a DAO type of system. In the past the development team has been driving the updates and such with the game. Now that is going to be put into the hands of the stakeholders. We are going to see more and more of this as the year unfolds.
I could be wrong, but I think the whole DAO thing with Uplift may have been community driven. I feel like the team wasn't heading the direction they wanted or going fast enough so this DAO was born. Again, I could be totally wrong, but it is still interesting to say the least.
RPlanet RDAO
Speaking of RPlanet, they just started dropping their RDAO token earlier this week. While the initial airdrop wasn't that big, I am not feeling bad about the 24 tokens I was able to snag. I was lucky enough to be on the whitelist from playing the game. In addition to that, I spent some time over the past couple of days scooping up more tokens on the Alcor Swap.
The RDAO tokens are the first step in a complete overhaul of the RPlanet game. They will give holders voting rights in the governance protocol, but they also have the promise of passive income which is what really grabbed my attention.
I think there is going to be a general token sale in the future where you bid on RDAO tokens using your Aether. This could be the thing that depletes the number of held Aether to a reasonable range and adds some value back to the token. Fingers crossed anyway.
Not a Tiger
The Travala NFT sale has happened. I had already planned to not participate even though I had been whitelisted. At $3500 USD, the NFT just felt too expensive to me. On top of that, I ended up being at a funeral all day on Wednesday, so it didn't much matter, I wouldn't have had access to make the purchase anyway. If you were one of the lucky folks to get a Tiger NFT, congrats!
HBD Goal
I am getting close to the HBD goal that I set for myself when I started moving funds into the savings account. My goal is to have enough in savings that I am earning at least 1 HBD per day. Once I get to that point, I am going to take a couple of weeks (or months) and change my settings to 100% HP rewards for my posts. Just to boost my HP a little quicker. I feel like my growth has kind of stagnated since I started doing the whole savings thing.
PolyCub Soon
If you watched the Leo AMA earlier this week, you know that we are no hopefully within a week of PolyCub launching. The hard deadline for the audits was about six days and as long as the company holds to their promises, Khal said that it is basically just a matter of flipping a switch and PolyCub will be live.
If you are on the fence about PolyCub, you need to go back and watch some of the AMA's. I think it speaks a lot that Khal can barely contain his excitement when he talks about how it is going to change the landscape of Leo. For me it speaks volumes. Consider me all-in.
Taxes Taxes Taxes
It is tax season here in the US. I am starting to go through a bunch of my accounts and trying to decide what I plan on claiming and what I am going to ignore. I am likely going to take a centralized/decentralized approach. It is just too difficult to track all of the decentralized stuff. Anything that flowed through a centralized exchange will definitely be claimed. I am just not sure how far down this rabbit hole I am willing to go. I feel like too much or too little info will be a red flag. I just need to find that happy medium.
That's all I have for this week. Check back next week when I re-cap some of the stuff that caught my eye!
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