Token Goals Update End of May

in #hive-1400846 months ago

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Disclaimer: This post is not financial advice.If you decide to follow what I am doing you do so at your own risk.

I do have a quick update on my token goals.

Goals for the year

BBH- 100k tokens

INCOME -20 tokens (temporarily paused)

EDS- No set goal at the moment but am accumulating tokens through delegation (soft goal of 100 but this is secondary to meeting the other goals)

DRIP- No set goal but am compounding almost daily

Totals so far

BBH- 20,104

INCOME- 12.1 I am temporarily pausing the purchase of these tokens. I may pick it back up or I may choose not to. I haven't decided yet. Future posts likely won't mention this token again until I figure out what I am going to do.

EDS- 11.22

DRIP - 38.45 (staked)

I purchased a few BBH miners. I may buy a couple more.

I also increased my delegation to eds -vote to get more EDS tokens. I may switch to concentrating on EDS as opposed to INCOME.

There is nothing wrong with INCOME I think it's an interesting project. The tokens are quite expensive and the apy is less than 9% I believe. I may be better off just staking HBD. I will keep my current tokens for now until I decide what I am going to do.

As for DRIP I am still compounding but keeping a little bit of the daily earnings liquid because I think the liquidity pool is coming soon and I want to have at least some tokens available once that goes live. The interest rate for DRIP will be deceasing significantly very soon. I will still keep compounding.

I also am going to be adding more Hive soon. I will likely buy the tokens from my @spoonies account to simplify things. That is my fundraising account. That is why I am "buying" the tokens and not just transferring them.

SIM

I haven't mentioned this one and will likely make a separate post on it but I am starting to compound some of the daily Hive divs I get from holding SIM. I will probably buy SIM with about 25-50% of my earnings for the time being. I am also earning some daily from dcity

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Have you played dcity? I've wondered if it's worth trying. I'm buying SIM still, but not sure about really trying out the game...
!BBH

I have been playing dcity passively for a few years. Things change a lot in terms of how you earn but that is like anything I suppose. If you are a "SIM millionaire " you can get a free citizen card everyday (in their discord) and also vote on changes etc.

Just hold more than one million SIM? I'm on my way to that right now since it's pretty cheap! Do you earn more if you are an active player or get upvotes?
!BBH

Yes, just have your SIM power be 1 million or more . SIM power is calculated on a rolling 30 day period meaning if you have a million today it may take a few days/weeks for sim power to catch up. Once you reach you can use a bot command and claim a free citizen. The only catch is that the free citizen cards are based on what in game assets/nfts you have. The system checks if you have a random card and if so you get a student which are valuable in game as they give a tax refund. Alternately if you are in the top 400 of income in the game you will get a "young citizen" card if you "fail" the building check.

It's a bit of a learning curve. Check it out. if you are interested in playing I have some extra building cards and would help you get started. It is tricky to start right now as citizens and population cards are a bit pricey but I would help you out f you were interested in playing.

If posting about dcity you can use the tag dcity there is a voter that curates. I am not sure what the value of it is though.

Once I have one million SIM I may jump in. When I do I will be picking your brain, and thanks for offering to help. I like the daily Hive payout, I'm only at about half a Hive a month, but since it's a 30 average it should get better over the month!
!BBH

I have several cards I am not using right now because I have more buildings than citizens (in the last year they did a pretty big nerf and populations took a hit. I am still recovering from that lol) I could give/let you borrow some buildings to get you started . Just let me know. I am getting .23 Hive a day right now with about 1.1 million SP. I really haven't done much in dcity lately but collect my daily citizen. Of course the APY is subject to change but the lowest I recall was like 17% apy. Right now it is double that for the time being.

If you can reach roughly 17 INCOME, then the APY will shoot through the roof due to the consistent votes from the voting trail. However, it'll take about 55-60 more HIVE for you to get there. 22 INCOME is the approximate threshold to always get upvoted, as per the owner.

I definitely like the other choices! BBH is consistent, and I did get 50k of them to support the founder, but I'm not sure its returns are really great, particularly in HIVE. I'd have to see further calculations on that to make a proper determination.

Edit: intended to post this from @freecompliments lol

The goal post keeps moving. I'd rather deal with something more consistent. For example before you posted about it I just started collecting tokens and was getting upvotes with 12 tokens. Now you say it's 17-20 which is probably true for now but that number will keep going up and the tokens are pricy. Also a buddy of mine is working on his own upvote system and I will likely sell my income tokens when it launches for his new one (someone who already runs tokens/tribes/etc). I have tried INCOME twice and the model is just not for me.Nothing against the project, just not my type of thing.

BBH I am not as interested in the ROI/profit right now. Just want to do something small to help out someone working hard. Also being able to use the tip command is pretty cool. Sometimes I support tokens/projects just to support folks doing things on Hive(though I am for the most part usually focused on profit). This is one of those times. Also the owner supports folks on his curation trail and I get upvotes from that trail every time I post, which makes up for buying miners/tokens etc.

Joining the trail obviously is free and you don't need to hold any tokens (that I am aware of).

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SIM is related to which game? dcrops or?

dcity