How to Compound with PolkaCity
“To plant a garden is to believe in tomorrow.”
There are various ways to get rich, but almost all of them include having some kind of an asset that gives you net gains for your future, more than its maintenance. For example, you can have a business, and if your business is making more money than its costs, such as salaries and other expenses, then you are making money. If you plant a garden, you believe in your future and you want to eat its produce. If you have a house and you are renting it, then you are probably making money. On the other hand, if your assets cost you more to maintain, then you are losing money. People tend to lose money in the early years of their life due to living expenses, but once they save enough, they get large income-generating assets. Smart people start accumulating positive assets early in life and compound them as they get older, and have more income.
Smart people compound their savings.
You can use your Polkacity rewards to compound your income and buy more properties, taxis, a barbershop, an art gallery, you name it. As the gains compound, they bring you more wealth, and when the Polkacity game comes out, you can have prestige and be active in the city. As your assets increase, your income and gains increase disproportionately. There are no maintenance fees associated with any of the properties on Polkacity and you don't have to worry about things like the Pandemic decreasing any business.
Polkacity properties have
- No maintenance
- No rental stress
- No need for insurance.
- As Bitcoinmaxi stated on Twitter, with crypto, there are no fees, no chasing unpaid rent, no insurance problems because the tenant flooded your floor, and no loans to the bank.
The smart contract code is audited and the marketplace is coming right after a popular auditing company finishes auditing its code. The total asset supply is finite, and there are no more tokens to mint. However, tokens from the NFT sales, market fees, and platform/gaming gains will still be rewarded to the asset owners once all the tokens in the reward pool are distributed.
Did you know that if you buy the Polka Truck you pay zero fees for the marketplace?
If you buy the art gallery you earn 50% of all Marketplace and In-Game Art Gallery commissions.
The bottom of the homepage shows how many weeks are left in income distribution, which, at the moment is 121 weeks or about 2.5 years. We expect this to be way longer as the platform will use its income to add to the pool. When the game comes out, the asset owners will have in-game privileges and rewards. The alternative platforms, such as decentraland have larger market caps, which shows that Polkacity clearly has more upside. Binance Smart Chain integration will bring in cheaper fees, and make it easier to shop on the marketplace and claim rewards.
Polkacity has more on the way to being a complete city with its own economy and ecosystem.
Opensea NFT trading: https://opensea.io/assets/polka-city-asset
Opensea 3D assets: https://opensea.io/collection/polka-city-3d-asset
Coinbase Charts: https://www.coinbase.com/price/polka-city
Disclaimer: None of the statements made here are financial advice, always DYOR.