The energy crisis that erupted in Europe in 2022 caused the stock and cryptocurrency markets to fall. Both markets have been falling for more than a year, causing companies that appeared to be financially strong and independent to fail.
The market capitalization of the cryptocurrency market fell from $2 billion to about $900 million. Prominent investor Warren Buffett, with years of investment and academic focus on asset selection, always repeats “the tide will show who bathed without panties”, therefore, smart investors are on the lookout for emerging investment opportunities that could bring them considerable return on investment (ROI).
Cryptocurrency startups that started the development process in 2022 or earlier and managed to survive during the crypto-winter are considered the most promising ones with sufficient margin of safety, according to experts’ opinion.
https://twitter.com/BlaBlaGameFi/status/1581355909040652288
Investment strategies in the bear market
In the bear market, some investors buy the dip by investing in digital assets at deep discounts, taking into account the previous all-time highs of Bitcoin and Ethereum.
Others take the risk and invest in trending cryptocurrency projects through the investment tool called Initial Coin Offering (ICO). Although the tool itself appeared a few years ago, the media still believes that ICO is a novel way to seek investments.
Cryptocurrency projects use ICO as a fundraising mechanism to attract investment for further development.
In turn, investors receive the opportunity to buy the native tokens of the project at the most favorable price. Although ICO is a high-risk investment, our editorial team conducted a scrutiny and selected the best GameFi cryptocurrency of 2023 to invest in.
This is not a financial tip or recommendation, but investors should take a look at the following investment opportunity.
What does BlaBlaGame bring for 2023?
BlaBlaGame.io is a crypto-project in the field of GameFi (Video Game Finance), this was founded in late 2021 by a team of blockchain enthusiasts from Ukraine.
The main distinguishing feature of BlaBlaGame is its innovative idea. The Ukrainian team decided to create the whole gaming ecosystem for the crypto community. The developers announced their main product: the rock-paper-scissors game in the crypto world.
This idea has no competitors on the market yet, which makes the project really unique. Another point is that this game is understandable for anyone in the world.
It doesn’t matter if you are a man or a woman, rich or poor, young or old – every person can easily become a potential customer of BlaBlaGame.
This paves the way for mass adoption of the project, which is always the key to success. BlaBlaGame team bet on GameFi sector following the current gaming trend supported by large crypto investment funds, family offices and private investors.
Its developers are acting shrewdly having presented a solid website and a product that works. Now they open a public round offering the crypto community to participate in the BlaBlaGame ICO through the BlaBla Native Token (BLA).
The conception of BlaBlaGame
The conception of the game is as simple as two plus two. The player makes a deposit in one of the accepted cryptocurrencies (e.g. USDT ERC20 or TRC20), and places a bet. For example, 10 USDT.
If the player wins, his balance almost doubles – why almost doubles? The system charges a small commission to cover operational costs. If the player loses, his balance goes to zero. All or nothing.
If the player plays with the native BlaBla token, the system fee decreases significantly, that’s why many users prefer to play with the native token instead of using USDT.
Each user can invite a friend through the referral system. In this way, the user will earn from his referral games.
The system is developed in such a way that if you play, you will be rewarded with daily payouts. This is done to motivate players.
Every month the team conducts a referral contest with a pool of 0.5 BTC. The rules are simple. You must invite as many friends as possible. The referral will be counted correctly.
Also, the BlaBlaGame team has introduced a place where players can share their opinions about other players, leaving positive, neutral or negative comments.
BlaBla Token (BLA)
The BlaBla token (BLA) is the core element of the entire BlaBlaGame ecosystem that provides its holders with a number of bonuses and incentives. This is an ERC20 token that is issued on the Ethereum blockchain.
The BlaBla token allows its holders to receive discounts on games, higher rewards, a higher position on the leaderboard, as well as higher deductions for referrals. BlaBla token holders have the opportunity to customize their avatars according to their preferences.
This feature partially represents an idea of the NFT philosophy. Each user can choose the nickname he/she will use later during the game.
Many investors made the decision to invest in BlaBlaGame because of the staking options the team recently announced through its proprietary staking platform. There are several options of staking the BlaBla token ranging from 3 to 12 months.
The longer the investor chooses, the higher the reward will be paid at the end of the staking period.
Interest rate of 40% on the BlaBla token
The BlaBlaGame team set an ambitious goal and developed a proprietary staking platform as part of the entire gaming ecosystem. Investors appreciated this saving tool and received another part of motivation to invest in the BlaBla token.
Staking is the process of locking tokens under a certain interest rate. During this period, access to staked funds is limited and unavailable. Access to staked funds is available when the period ends and the investor receives not only the staked amount but also a little more depending on the chosen interest rate.
Staking is very similar to bank deposit, so smart investors usually prefer to invest in projects that offer this option. BlaBlaGame team offers 3 staking options for different periods: 3, 6 or 12 months, the longer the period, the higher the percentage of profit. At the time of writing this article, BlaBlaGame team offers 40% per annum for the 12 months staking option.
Low risk level for investing in BlaBlaGame
Despite the fact that investments in digital assets are associated with high risk, BlaBlaGame is considered a low-risk project. And this is due to several reasons.
First of all, the GameFi trend is still ongoing. It means that gaming projects are still the subject of interest for investors.
Secondly, the team presented a solid and robust product. To be more precise, the whole game ecosystem with the game itself, the deposit and withdrawal modules, the leaderboard, the payouts, the users’ sections for posting feedback, the token selling platform, etc.
This means that the team has enough experience to get results before it starts attracting additional investments for the development process.
Third, the team uses KYC (Know Your Costumer), which adds confidence to the project.
Fourth, the team shows a good presence on social networks, conducts AMAs constantly and gives interviews to journalists.
Fifth, the level of expectation around the project is growing. The platform has already been tested by more than 2,000 users for a short period of time.
The BlaBla token (BLA) has an attractive investment feature that lies in its deflationary model. Unlike many fiat currencies that are always subject to additional issuance and are associated with their inflation, the BlaBla token is a digital asset that does not suffer from inflation.
Instead, the number of BlaBla tokens is always decreasing in number in the circulating supply.
This happens due to the fee charged by the system to players when they play. The fee is charged in BlaBla tokens (BLA). The lower the number of tokens in circulation, the higher the price of the token in trades.
WARNING: This is an informational article. Geek Metaverse is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that cryptoasset investments are not regulated in some countries. They may not be appropriate for retail investors, as the full amount invested could be lost. Check your country’s laws before investing.
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