Technically it was possible to claim Duat tokens on 420, but I haven't seen a market for the tokens until now. This made me think of an interesting crypto philosophy question... if tokens have zero utility, are they really tokens?
In the example of Ragnarok, we could technically get the tokens but there wasn't anything we could do with them. Couldn't transfer them, couldn't buy them, couldn't sell them, couldn't do anything with them. A number in a database that does nothing isn't really a crypto, is it? But then it suddenly becomes a crypto when it gains a tiny ounce of utility (usually liquidity).
All crypto projects start out with a hope and a promise that it will become something more. Will it? Certainly we've all seen many an ICO turn belly-up, but I'm always willing to take a shot in the dark for stuff built on Hive.
https://ragnaroknft.info/
The claiming process is still clunky and the servers are unstable, but if you catch it at a good time they will work just fine. All that's required is that you broadcast a tiny custom json on Hive to claim duat tokens.
Once this is done the Ragnarok server picks it up from the blockchain and issues tokens to your account. Only just recently has an orderbook seemed to pop up. Judging by the liquidity (or lack thereof) many others have also not noticed trading is live.
There was some kind of technical difficulty for issuing the fungible RCT tokens directly. Still not sure what's going on there, but things are grinding along regardless.
https://vue.dlux.io/dex/?api=https://inconceivable.hivehoneycomb.com#duat
That link is looking pretty weird so I don't necessarily expect it to be active for long. Still, technically this all seems to be working as intended. BRB while I place a modest order to buy cheap.
Don't forget to log in... :D
Interesting.
Okay so the UX here is confusing, but there are actually a lot of things I like about this iteration.
- I like being able to have the order expire automatically after x hours.
- I like how the server gives you updates on the state of the blockchain.
- I like how only irreversible blocks are used for confirmation (even if it adds a 1 minutes delay). This is how if done a bit of my own programming as well and it's fully worth it in many contexts.
- The locking icon is a little weird.
Lock icon
This is what is looks like when you first enter the site.
The price is locked at 0... which is obviously not helpful and super confusing. If you try to buy 10k DUAT it will let you type in 10k, but then when you type in a "Total" in the Hive field it resets the "Quantity" back to zero because the "Price" is locked at zero. Very confusing mechanic for new users that I've never seen before.
Logistically the only way to buy or sell anything is if the price is non-zero, so if you know you want to buy 10k or if you know the price you want to pay or if you know the number of hive you want to spend, just make sure to type in that number first and have that be the number that gets locked in. Again, it's a weird UI/UX but I actually kind of like it even though it's just a small dumb thing. I guess anytime we see anything new after being in the game for 5 years it's noteworthy. This is one of those things, however small.
Conclusion
And now I wait for someone to dump their airdrop into my bags. This is definitely something we should just give a few more days before discussing further. It's very clear these servers are unstable and there's a lot of stumbling going on during crunch time. It'll give more updates on Ragnarok when it's appropriate, but everyone still has three more months to claim these things so there's definitely no hurry.
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This made me think of Pi Network. They did everything exactly opposite as we here. Building network effect by creating MLM mining system of people collecting numbers in the app. Just recently they created mainnet and some utility might come with this. More than 15mln account registered.
No special expectations on my side, just another experiment in the world of crypto.
I am still not convinced about Pi, that there will ever be something coming out other than a large set of user data which is in fact the only value created. All that mining on the smartphones? Just bullshit.
The thing is I have no idea and at the and nobody can have. This might be just an exploit. However this model might be aplied to a valid plan by a valid team.
Very obvious scam IMO.
Learned about it from someone with zero crypto experience.
Their explanation was classic pyramid scheme except with data.
100 for 1 nft right?
112
thank you fren!
At current prices folks seem to be selling 1 Ragnarok NFT for less than a Dollar. Probably best to stay quiet and keep buying before everyone figures out what they are doing wrong.
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Yeah I've spent a couple hundred dollars buying but honestly I'm already going to own like 0.1% of the total supply regardless. Crazy stuff. Instant whale.
I'm super confused with the exchange and how "unfriendly" it is.
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Isn't that one month? Maybe I'm wrong, just asking.
I def heard 3 months.
Still unclear as to the relationship between duat and rct and how that will be resolved
Yeah, maybe they'll clarify that in the next CTT.
Thanks for posting the link man! My claim worked easy peasy with keychain. Now to decide if booking my $150 is the move or gamble for a rise haha...ya know I'm gonna hold. I may even put in a bid to up my bag to a nice round amount.
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Well I've already read many blogs and tried to claim that too but it was something I didn’t understand. Ragnarok is now a trending topic in hive and LeoFinance.
Thanks for this information. It really very helpful.
I claimed mine today and it was fairly easy.
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Somebody seems to have traded, as of a few minutes ago I saw a DUAT price of $0.007844
Or is that your bid shown in dollars?
Now is the time for sure to pick up some rather low cost tokens for card drops later. It's crazy how many people will just sell out for nothing now instead of waiting a little time. The one thing I dislike is how they seem to be building their own systems that really have no connection to Hive. It's like use our exchange or get out. Seems a little counter productive.
It is absolutely connected to hive, just not hive-engine....its a new layer two, I am happy the funding from spk and ragnarok got dlux back into gear...
a new second layer is exactly what we need.
Many second layers.
Nice.
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but they are centralizing away from the engine which makes it a good thing.
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I was thinking about buying a little DUAT just to test the exchange, but the interface seems to be still in the works so I left. The order expiration period is a good feature though. And yes, the "locked" icon had me wondering what it meant.
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I love this part the most because this is how you on a project that’s just coming out.
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Interesting! I am so excited to see the game. I truly hope it will be strategic but I know how difficult it is to make such a game :D
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Interesting.. I didn't think people would sell that cheap... oh well
That's some funky UX indeed... have seen worse, but definitely seen better as well
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@edicted Extraordinary talent Your blog writing style is able to convey to very beautiful people Thank you so much for giving us such a beautiful block with your precious time.
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It sounds like a weird system but it does look confusing. I think I'll probably skip the market for now. I guess the expiration is quite nice and I wonder if you can sort your orders by expiration later (if it moves to hive engine).
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@edicted grazie per tutte queste informazioni, bellissimo post molto interessante... Grazie a Google traduttore sono riuscita a tradurlo e leggere i contenuti.
Complimenti di cuore e grazie ancora per tutte le informazioni.
Ti auguro una buona giornata e tanta felicità
@luba555
You might do amazingly well, and if not, have a very low cost entry. Its defintely smart to take these kind of risks with small percentages of capital! Nice
I claimed mine.
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Upvoted and shared via the @offgridlife Curation Project.
Prayers for the Ukraine. 🇺🇦
RE the lock. Just click on the lock to unlock. Enter your price. Click on the lock again to lock the price and you are all set to place your order quantity. More stable now. Some early issues with liquidity so some of my orders got auto cancelled. Honestly, I like this dex!
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