Psyber-X: Avalanche Bridge, LVL token and the Opening of 1 Airdropped Crate (ENG/ITA)

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Written by

libertycrypto27

I love the philosophy behind blockchains and I dream of a decentralized world.

2 years ago

Topics: Psyberx, Blockchain games, Play2earn, Hive, NFT, ...

Cover Image: Logo and Crates images owned by psyberx - Edit by @libertycrypto27 - Font used is Open Source

I have many interests and many passions and two of my passions are blockchain-based games.

My first blockchain-based game was Spinterlands (October 18, 2019).

As time went on, I expanded the list of gaming projects I tried or invested in and today I play several blockchain-based games.

I have also invested in 4 gaming projects on the Hive blockchain that are in a development phase and are not yet playable, and among these games is PsyperX.

PsyberX is an NFT-based gaming project that belongs to the first-person shooter game.

Psyber-X is under development and not yet playable but it is possible to purchase the game's assets (tokens and NFTs).

In my previous post on Hive blockchain about PsyberX I wrote a brief introduction to the game and shared my investment in Psyberx updated as of May 17.

Today, June 14, I have increased the number of PsyberX NFTs in my possession because I opened 1 airdropped crate in which I found 5 NFTs but before I show the NFTs I have added to my card collection I want to update my readers on the latest news concerning PsyberX.

Psyberswap.com: HIVE/AVAX Bridge

The latest interesting news announced by @psyberx on May 27, 2022 was the communication of the completion of the implementation of the https://www.psyberswaps.com/ bridge that allows LVL tokens (second-level tokens on the Hive blockchain) to be converted to LVL tokens on the Avalanche blockchain and vice versa.

In the following image you can see the home page of https://www.psyberswaps.com/

To use the bridge you must have:

- a Hive account

- a compatible Avalache wallet such as Metamask

- an amount of LVL tokens

- a minimum amount of AVAX tokens to pay for transactions on the Avalanche blockchain.

I have not yet configured my Metamask wallet to operate on the Avalanche blockchain and I have not yet studied and explored the Avalanche blockchain but the creation of the bridge by PsyberX could be an opportunity for me to do so and to expand my knowledge about blockchain projects.

If you want to explore the details of how the https://www.psyberswaps.com/ bridge works you can read the following post: https://peakd.com/@psyberx/ready-to-cross-our-bridge-link-inside

With psyberswaps.com LVL tokens gain a new use case and I who own LVL tokens am very happy about this.

LVL tokens: Market value, SWAP.HIVE/LVL Pool and considerations

On May 17, 2022, the date I published my previous post on PsyberX, LVL tokens had a value of 0.00222 SWAP.HIVE (Highest Bid)

Today, June 14, the value of an LVL token is:

- 0.00117 SWAP.HIVE (Highest Bid).

- 0.00140 SWAP.HIVE (Lowest Ask)

In just under 1 month, the dollar value of SWAP.HIVE tokens and LVL tokens declined:

- SWAP.HIVE: -33.70% (dollar value)

- LVL: -65.60% (dollar value)

This decrease in value does not worry me because we are in the midst of a Bear Market and because:

- I considered the value of HIVE underestimated when it was worth more than $1 and I consider it even more underestimated today when it is worth $0.35.

- the value of LVL tokens has also fluctuated greatly in value in the past and when PsyberX is playable LVL tokens will have more use cases and the value may go up and in any case already the current graph shows signs of recovery.

I have a goal related to LVL tokens: to accumulate a minimum amount of 400000 LVL.

In my wallet on HiveEngine/TribalDex I have 50640 LVL tokens.

In the Diesel Pool SWAP.HIVE:LVL I have the following liquidity:

- 381.85 SWAP.HIVE

- 270135.72 LVL

Thanks to the liquidity I put into the SWAP.HIVE:LVL pool I receive a reward of 955,886 LVL every day in addition to other second-level tokens from the Hive blockchain.

In the table below you can see my LVL token buying and selling transactions and the current value of the 320776.54 LVL tokens in my possession.

To reach my goal of 400000 LVL tokens I still need to accumulate 79224 LVL tokens.

The opening of 1 Airdrop Crate

My choice to purchase and maintain more than 200000 LVL tokens has allowed me to participate in crate airdrops and receive a total of 7 airdropped crates to date.

Today I opened my seventh airdropped crate.

In the following image you can see the probability of finding cards of a specific rarity type within an airdropped Psybercrate.

In the following image you can see the cards I found.

I didn't find an Overlord card but the odds were really small (0.01%) but I was still very lucky because I found:

- 1 epic card: Dying Wish (5% probability)

- 1 rare card: Caffeinate Boost (10% chance)

- 1 uncommon card: Cyberbet Hearth (33.19%)

- 2 common cards.

Conclusion

To date, I have invested a total of 300 HIVE on Psyber-X:

- 200 HIVE to buy LVL tokens

- 100 HIVE to purchase a Founder Starter Kit.

The Psyber-X assets in my possession are as follows:

- 39 NFTS

- 2 Land Plots

- 320776.54 tokens LVL

It is still early to make financial calculations (profit and ROI) because Psyber-X is still a gaming project under development and not playable but just considering the current value of the LVL tokens and the market sale value of the assets in my possession I am in wide profit so I am very happy for the moment.