Arena Social - https://arena.social/?ref=BrianPhobos
So my first impression of this is actually pretty positive for several reasons. Seems like it is gaining a lot of momentum and a lot of big time crypto guys from X are on this platform already! The $ARENA crypto is coming out October 29th I guess so that will be interesting for those who built up a lot of points in this system already.
I haven't fully figured out all the strategies people are employing but one of them is buying a ticket for the profiles so you can invest in the success of people joining the platform. Now that is a concept I have seen on a platform that was on ICP and I feel like if you buy someone's ticket early it could be lucrative if they end up doing a lot with the platform.
Some of these guys have gained huge followings already and their accounts are worth a lot. I'm really blown away I didn't hear anyone talk about this platform until now. Over 50K followers and the ticket price is around $800 basically. Notice how there is a spread between the buy and sell. Those fees must get partially distributed to the owner of the account. It might make sense to buy your own ticket if you know you are going to get super active on there and then sell it when the price goes way up.
Also there is a built in wallet and you can get 1% on your referral's trades. I could see that being huge as people rotate to various assets in there.
Seems like we aren't even 1/4th the way through the roadmap because the $ARENA token hasn't launched yet so this could be an opportunity to get pretty big on there. You can do the whole social logins and it will pull the amount of X Followers you have. Seems like a lot can be derived from flexing your other social followings to become big on this platform early on.
Seems like that first 31% will get distributed to the people on there before August.
Positives
- AVAX is heating up because of the Off The Grid Game.
- The game theory seems to be solid on here from the aspect that we don't know what things will be worth but a lot of people are chasing and engaging to see what it will become. They were able to onboard over 50K users. Feels like the early days of STEEM when people were super excited about what it could become.
- Easy to just login from X.
Negatives
- No video capabilities. Text and pictures only it looks like so InLeo and Ecency have it beat from that perspective.
- The game theory and $ARENA value could flop. We don't know how that market might turn out but my bets are it turns out good based on the amount of people who have gotten on.
- AVAX fee limitation might really become an issue if things heat up like crazy.
Conclusion
Might as well join and do all you can with these various opportunities. We all know this stuff can pop off and then dry up during the bear markets.