I might get a lot of hate, or love, maybe even a court/police summons for this, but let me state clearly that this thread is not meant to libel anybody.
It's just a list of everything that's wrong about @AfriqArbitrage and their AAS token.
Walk with me.
If you found this thread valuable, retweet the first post so it can reach others.
https://t.co/g21gP2jEJ8
Like and comment too so the algorithm will pick it up.
Also note that this thread is purely educative and doesn't constitute financial advice.
END.
P2E games function differently depending on the preference of the developers or the kind of players they want to attract but they all share one fundamental thing: Players can earn rewards for playing time and these rewards have real world value. Playing games to earn money sounds like bullshit, and for the most part it is - Lots of P2E games are not sustainable because they depend on the continuous influx of new players. However, this doesn't mean you can't make a buck or two investing your time in P2E games.
With the advent of blockchain, gaming projects saw a way to create in-game economies. It would not have been possible to do this before blockchain and if it were, it would have been done with something that functioned similarly to blockchains.
Blockchain technology enabled trustless transactions; You could do business with someone even if you didn't trust them because even if they wanted to cheat you, they couldn't due to smart contracts in place.
These very smart contracts that exist because of blockchain are the backbone of the current P2E gaming industry.
Playing games is a reliable source of entertainment for humans. Even before the invention of computers or software, games existed, possibly millions of games across history and geographical locations.
Software and the internet allowed games to be monetized more easily be exposing them to a large number of players at the same time. This allowed for the creation of the multi-billion dollar gaming industry that exists today.
@Sagaxyz__ That's it folks. a quick summary of
@Sagaxyz__.
To get a deeper dive and a holistic view of the project, here's the link>>https://t.co/7jiaXDF35Y.
Follow me for more explainer threads.
@Sagaxyz__ End users are not required to pay network fees (@Sagaxyz__ blockchain fees) - they do have to pay platform fees within the chainlet or dapp.
The interactions end users have with each chainlet is enclosed and gives developers free rein with regards to their business model(s).
@Sagaxyz__ ...the fair's organizers.
The booth owners usually pay an agreed upon fee to the organizers and have liberty to choose any kind of monetization method they like.
Within Saga, Chainlets can choose to charge platform fees in whatever token they choose or charge no fees at all.
@Sagaxyz__ 5/5. To ensure that saga's growth doesn't hinder the growth of projects built on @Sagaxyz__, all dapp or chainlet activity is independent of saga's income model.
Let me illustrate: If I walked into a fair, any money I spend within a particular booth is not the business of...
@Sagaxyz__ ...interruptions in network activity even though fees were still cheap.
To ensure that developers don't ever need to migrate to another chain after building on @Sagaxyz__, each chainlet is blockspace independent.
No two applications share the same blockspace.
This keeps...
@Sagaxyz__ 4/5. @Sagaxyz__ is built for blockchain developers and aims to be the blockchain that solves the trilemma once and for all.
You see, network congestion doesn't always translate to high gas fees like we see on Ethereum.
On Solana for example, congestion has led to several...
@Sagaxyz__ 3/5. Technically speaking, except for differences in smart contract code and virtual machine (VM) module, all chainlets on saga will have the same functionality as the main saga blockchain.
Due to the fact that the chainlets are blockchains in their own right - only that...