I started to lose interest in sBCH
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Hello to all the beautiful read dot cash family! How are you?
I am one of the investors who started their investment when BenSwap and Coinflex were leading platforms for sep20 tokens and sBCH bridge respectively. Moreover, I can remember my investment in Cat$ and Eben$ tokens and the profit I made in a short time. This was green time, I enjoyed it in my life. But after the Coinflex bluff, people and investors started to lose interest and disappeared from the map.
Why am I losing Interest in smart BCH?
1)
My investment declined in value with the advancement of time. Yeah, once tokens that I traded for 14$ are less than 1$ in value now. Already, my all investments in Tropical Finance had been destroyed. After multiplying with losses, I decided to take a great Pause from further investment.
2)
Absence of an Active Bridge with Low Gas fees and Fast Transactions is the second big factor that causes my interest to lose. Now, I can't wait for an active and fast bridge. @Fexodine1 had written about the Bit.com bridge but still, I had not explored it. In near future, I have a keen desire in exploring it.
3)
Less active Communities that are lacking in Promises are the third factor. Due to this attitude, I didn't want to invest in any new smart BCH project. First, they come with promises but later they disappeared from the map.
The solution to attracting more Investors in smart BCH projects:
Any project can excel more with an active and more promising community. There will be more engagement with the introduction of new features. Unfortunately, sBCH projects and sep20 tokens are declining in value and investors are on the verge of destruction. We should follow the doorsteps of the BlockNG Community. No doubt, it is the top leading project in the smart BCH Industry.
Moreover, there will be Prompt activation of the bridge with the same motto of Low gas fees and fast transactions. It will give a new life to all smart BCH projects.
I hope Coinflex and BCH legends will take notice of it and there will be a good response from all investors.
Closing Thoughts:
I have more than 27 NFTs and 10 Sep20 tokens in my wallet. My all investment in these projects is frozen now. I have the following Punk apes if anyone here is interested to buy then can comment below.
Moreover, Staking of NFTs was not profitable for me. I am staking my Shorai and PGC for getting the good reward of NFTC tokens but after six months, I can harvest 331 NFTCs. I swapped them in sBCH because I needed more sBCH for a good LawPunk.
In addition to that still, my spice and Apes NFTs are in the Staking pool. After six months, I can accumulate 1995 Banana Tokens worth 0.001 value while 63748 spice tokens worth 0.002 BCH. Moreover, there is a gas fee for harvesting these tokens equal to the value of staked reward token. I consider it a time waste and nothing else. Because these tokens declined in value and I got nothing but a small scratch.
I hope there will be the rise of the new sun for the smart BCH world because it was one of the best projects that attracted me due to its great potential and trustable persons. Still, I decided to take pause and wait with Patience for a good time.
Same here I've lost a lot in SmartBCH that made me lost interest on it.. although I manage to get capital and some profits. SmartBCH has a lot of anon devs that loves to rug investors lol