📡 Like and retweet this post to win 100k $Niko 📲
This is just for fun, in 48 hours we will be giving away an MNGO, a Goanna, a Goodbois and a Node Keeper.
To enter the draw, all you need to do is buy some $Niko and post a screenshot of the buy in the comments section. We will pick 4 winners randomly.
#algorand $algo #nft #decentralized
Lookit this sweet MM I picked as a skuli-fren og in their discord!!
So happy my first MM is with the bird hand!
thanks @native_algo#BUYSKULIFRENS@SkuliFrens
So how does the $CIG game work and how should you play it to win 4000 Algo?
LINK TO THE GAME: https://t.co/ZpULJx9zzn
- $CIG is a meme coin with a current circulating supply of just 543. The rest is burned and can't enter circulation. I want to get all remaining circulating $CIG and burn them too.
- You could swap around 543 $CIG for 1000 Algo in the $CIG game right now. No one has this much $CIG though.
- The price will decrease to 0 $CIG by 2025 January 1 (linearly). The current biggest holder has around 78 $CIG, meaning they could swap for 1000 Algo sometime in 2024 winter.
- You can amass more $CIG and swap earlier though. But why would you do it? The $CIG -> 1000 Algo swap can only be repeated 4x times for a total of 4000 Algo. Let's say you only have 50 $CIG and wait for the price to get to 50 $CIG sometime in late 2024. If 4 other people get 51 $CIG before that and do 4x swaps a few days before you, you can't swap anymore.
- So amassing a lot of $CIG and swapping as soon as possible is the right thing to do, yeah? Not really ...
Let's say you get your hands on 500 $CIG. Swapping it once the swapper hits 500 $CIG -> 1000 Algo would be a bad move. You would get 1000 Algo but lose your $CIG dominance and there would only be around 43 circulating $CIG remaining. The remaining 3x $CIG -> 1000 Algo swaps could be done later by folks owning a lot less $CIG (maybe 10-20). That 500 $CIG swap seems like a bad deal now.
The right thing in case of owning 500 $CIG would be to wait until the swap decreases to around 100 $CIG per 1000 Algo and repeat the swap 4x times to gain 4000 Algo. This is a safe play since the second largest holder after your 500 $CIG has max 43 $CIG.
- Of course, this is an idealized case. Things will probably be more complicated with competition and low supply.
Some advice:
- Time your swaps for maximum efficiency but look out for others to not miss your opportunity.
- Try to form alliances and share the reward.
- Surprise others by using multiple accounts and pooling the $CIG quickly into one to gain enough for a swap.
I hope this will get some people thinking and we will see some fun strategies. If it gains traction the rewards and the maximum number of swaps may be increased.
Let me know if you have questions. Thanks!
Ever heard of @CaveFrens before?
It's a group of Prehistoric Cave People on the hunt for Treasure - Inside of Caves.
There's some pretty neat stuff about these guys. Utility, Art, Community... It's a nice combo!
Check out what these guys are all about 👇
@dumbgenxx @native @yomomo91 @SkuliFrens @HnY_NFTs Definitely put in my time to win this one, thanks @native_algo and @yomomo91 @HnY_NFTs, it was a blast catching up on my OG gaming skillz
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