Pitching hive idea, episode 4 (episode 3 part 2). Hive insurance (gaming).
Hey, in yesterday post i talked about how we could insure post reward, now i have to present you the second part of the hive insurance (might be a third part)
so basically we have to define what is gaming insurance, it WON'T insure your loss or loosing your account but it's gonna be an anti rugpull insurance. This mean that if you bought 200 SWAP.HIVE worth of cards in the game EXAMPLE.EXE then you will have to pay a flat fee each month (calculation later in the post) and let's say luckly this game never rugpull, you can just stop paying your monthly fee and burn the contract nft and the insurance will stop.
As long as you pay you are insured.
Let's say that example2.EXE is a rugpull, after 3 month the dev team leave the project after taking all the money from the game account and everything became worthless well then we will pay you back the 100% of the insured Investment amount.
Pretty easy, the same way as the downvote insurance we will make an nft and give you one copy and keep the other after talking about what you want to insure.
Pricing :
Base pricing 1% of the insured value flat fee each month
| Riskness | "Safe" | "Medium" | "Risky" | "Ultra Risky" |
|---|---|---|---|---|
| added % | +0% | +1% | +2% | +4% |
*Safe is for the game online for more than 2 years with a strong player base and no record of scam
*Medium for more than 6 month old game, medium community, no record of scam
*Risky stand for less than 6 month old game, no record of scam
*Ultra Risky stand for any game that already made a rugpull in the past
After creating an insurance contract, if you wanna get a new riskiness pricing or update the value of the investements it will be possible to update the insurance contract (burn old contract and ask for a new one)
Interested ?
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I don't understand why that would be a category. O.K. Technically it should be a category but if I made that list the category would be labeled "uninsurable". That's like an arsonist just out of prison having served 20 years asking you to insure the building he just bought. Uh, no. No question that would be a hard pass if I offered insurance policies.
Even if they offered me millions in escrow as proof that "for sure we won't scam you like before" would I touch that. There's just some liabilities a sane person shouldn't touch. It also would seem to condone the previous rugpull, or tacitly forgive it, by giving them a second chance. Just the appearance of taking a clearly foolish risk can damage an insurer's reputation as being economically responsible.
I insure the player not the whole game, and i forgot to put it like that but its for hacks too.
Like glsx the hive game, if i rember good they had a massive hack breaking the economy well in that case since a game with code probleme is more likely to get more than one we insure it as riskyer.
Didn't really think about insuring the whole game would need thhat all games get insured.
Lets say a guy do crimes, he then launder its money oppening a pizza restaurent then people who bougt the pizzas should still be able to get insured even if the guy go to prison
I guess I understand now.
O.K. So a player comes to you and says, "Hey, that dev team over there is starting a new game. I know they rugpulled their last game. Please insure me because they'll probably do that again."
I still stand by my, "Uh, no. No question that's a hard pass. Pick some other game to put your crypto in before I insure you."😁
Well i wouldn't automatically say yes, its more like if they got hacked in the past than if they rugpulled. After all it depends in each case
I don't know much about that game you referenced. I'll need to look into that. I know for Hive-Engine smart contracts they get submitted and reviewed before being deployed. I don't know if that was a case of both them and the developer missing an exploit or a bug or whatever that was.
Complicated question, wouldn't really takd the risk anyway
By the way, I just announced a new MemeHive contest. Can you please help spread the news? Thanks.
https://www.hiveme.me/@memehive/memehive-contest-robin-holding-a-whiteboard
I will participate with main account when i get back home, hope it will make some ppl join
Btw, why do you use so much vp on all your account why not giving little lower votes but with a higher value
Mostly that's due to how I have my account's settings on hive.vote which automates some of my @holovision account. I follow a curation trail and it's set to fixed rather than scale voting. Also, I have over a dozen accounts listed on my hive.vote fanbase for automatic upvoting. There are accounts like @taskmaster4450 that consistently post quality content and I want to help support that with upvotes even if I am sick in bed or somehow just miss seeing the posts in my feed.
Most of my manual upvotes range from 5% to 50%.
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