Just giving an update for the week.
We are still building our lottery and live testing it. As usual, live testing is where most of the headaches occur in development.
The dev company for the NFT Marketplace are still building and it’s still on track.
We had a day 1 holder sell off their 10 Trillion tokens today.
After looking at their wallet on BSCSCAN I noticed they sold just about all their altcoin investments and swapped it all for BUSD.
From my opinion it would just seem this person is swapping to stable coins as the bear market continues.
I know a lot of people are in fear mode right now as the markets continue to drop. This is the harsh reality of a bear market. It happens in every investment cycle whether it’s stock market or crypto. Crypto is just more volatile.
I’m going to be straight up and harsh about it because it’s good to have a reality check.
Things are going to get worse before they get better.
The bear market of 2019 lasted until December 2020. Approx 18 months of constant lows.
It didn’t mean crypto was dead, or certain tokens were dead, it just meant less money was flowing through crypto markets.
Trading still occurred everyday through the bear markets, it was just significantly smaller in volume compared to the 2017-2018 bull market.
We are witnessing the similar thing occur now.
Chances are by the end of 2022 we will see the beginning of “crypto winter” that will most likely last until 2024.
Focusing purely on $ value and price action will serve you no good during this period.
We are committed to continue building during the bear market. And when the next bull season comes we’ll have stronger foundations for a bigger rise than we did in 2021.
I speak with other project owners every day. We are all in the same boat. We are all dealing with the same issues and we are all working everyday on building stronger foundations.
I highly recommend that you watch the recent UniteDeFi Episode as you will see myself and other project owners talk about the bear market and building for the future -
https://youtu.be/r_DzA42eEgwI know I haven’t been as active in chat rooms lately, but that’s not because I don’t care or because I have abandoned you. I’m focused on building both utilities and relationships with other projects. So we can continue to have a token in the future.
I want to also remind you that all of our team members and chat moderation team are volunteers. They invested in BODA just the same as you did. They rely on earning the BUSD rewards just the same as you do. You are not alone in this. Our team and mods are in the same position as you are. So I don’t want anyone to feel like we don’t care or are ignoring the current market situation, because that is definitely not the case.
We just know that BODA is a long term investment and we are here to ride through the storm to clearer skies.
In terms of money and token value, I am committed to getting us back to that $60 million marketcap. That will honestly take time. The more utilities and foundations we build the faster we will get back there.
I hope everyone has a great weekend! Spend more time enjoying life!