00:00we're drowning in crypto tokens every day there's another dog themed coin promising
00:06instant riches you might even have dabbled because fomo hits hard the price spikes and
00:12everyone's screaming to the moon but then the rug pull silence regret loss sound familiar
00:20meme coins are designed for only one thing extraction get in get rich get out leave the
00:27bag holders holding well nothing it's the financial equivalent of a flash in the pan
00:33but what if a token could do more what if it could build something something lasting this is
00:39a story about essence a metaverse utility token and why it's wildly misunderstood meme tokens are
00:47digital slot machines the dopamine rush the potential for a massive payout but the house
00:52always wins their entire existence hinges on hype and social media frenzy and when the buzz fades
01:00poof your investment evaporates faster than you can say diamond hands think about it meme coins aren't
01:07built to last they can't be their business model is based on you being the exit liquidity for someone
01:14else you buy hoping someone will buy from you at a higher price that's it you can only sell once they
01:21prey on your desire for fast gains today but it comes at the cost of long-term wealth tomorrow
01:28they are in fact distractions noise shiny objects that obscure the full potential of web3
01:36let's talk about active income essence is different it's not a passive investment it's a tool
01:42a resource it does things and in doing those things it generates value for the players and the platform
01:49whether you're staking for returns charging sideroids boosting performance powering buildings events or
01:56launching in-world advertising we're only beginning to scratch the surface of what essence can really do
02:02earth 2 is still in pre-alpha but millions of tokens have already been burned with only a billion tokens
02:09ever to be released the future of this platform looks very promising and well thought out with multiple
02:15token options attached to gameplay and burning features built into spawning crafting building and
02:21upgrading land balancing features and inclusive free-to-play options should help avoid the crashes
02:28of axie infinity and the barren wastelands of decentraland and sandbox earth 2 didn't launch with an ico
02:36it's player funded there was no pre-sale no vc pump and dump essence can only be earned this creates an
02:44interesting dynamic of players buying the token externally and then importing it back into the
02:49platform rather than selling it spawning crafting building staking advertising quests and mini games
02:57all offer opportunities to earn or burn the token this makes essence one of the few tokens in web3
03:04that isn't just speculation it's built on a foundation of genuine utility
03:11every day your land spawns ether that ether transforms into essence then essence powers the virtual world
03:18it's a closed-loop economy designed for long-term thinkers strategists builders traders and gamers
03:25this is about building an entire virtual world with a dynamic sustainable economy that could outlive us all
03:32so let's break it down meme tokens offer one exit one chance to profit if you time it perfectly the
03:40earth 2 ecosim opens up a world of opportunities allowing you to earn without having to sell your
03:46income producing asset you can flip a token or you can start thinking about building generational wealth
03:52early in the development of web3 if a token doesn't moon overnight it doesn't mean it's not a rocket
03:59some tokens will fly short distances only once others build the launch pad for multiple flights
04:06for years to come this is not financial advice and you should always make informed choices but ask yourself
04:15are you focused on playing the meme token game instead of holding income producing assets
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