Image is from Crypto Company CEO media kit
Disclaimer: This post is not financial advice . If you decide to follow what I am doing, you do so at your own risk.
Crypto Company CEO is an upcoming game in the Hive ecosystem. The delegation rewards are pretty sweet. You can earn CCD tokens by delegating HP.
Before I get into my new strategy I will explain my current one. it's super simple. I am delegating HP and receiving CCD everyday. Currently I am getting about 235 CCD a day through these delegations. I also get a small amount as LP rewards.
I also do giveaways and giveaway between 400-800 tokens a month currently.
I have never purchased a CCD token!
I currently have close to 10,000 tokens.
I use the voting service once maybe twice a week. The way things work at the moment if I were to stake 100k tokens or more I would get a bigger upvote and could use the service a little more frequently. The frequency thing to me doesn't really apply as I rarely post once a day or more. It is however still a benefit.
Since I am basically 10% there without buying any tokens, this got me thinking about maybe switching up my strategy.
I could simply increase my delegations, but I realistically would need to increase the amount by 4-5x what I currently delegating in order to accumulate the tokens at a decent enough rate to hit 100k. As it stands,I could double my delegations if I moved some things around, but more than that would be tricky.
I do like the fact that I have never paid for a token. I have earned them all. But what if I used the upvotes I get to purchase the tokens? Here is a super simple example scenario based on prices etc right now. All of these examples can and will change over time but this is how things are at the time of this post.
Right now I can get an 50+ cent upvote once every 24 hours. This will cost 500 CCD tokens each. For simplicity sake let's say my income from the voting service is 25 cents per post(this is a low estimate it's likely closer to 30 cents). In this scenario , I do this twice a week.
That gives me 50 cents to buy more tokens every week without spending anything out of pocket.
How many tokens can I get for 50 cents?
At the time of this post the value of a Hive token is .23 (ouch. Undervalued IMO ) so this is slightly over 2 Hive tokens at current rates.
Right now going by the ask price on the market I could buy 4200+ CCD with that 50 cents. I could likely buy more if I bid, but again let's keep it simple.
I spent 1000 tokens in this scenario but ended with 4200. That's an excellent profit ratio right now. Maybe too good lol. These tokens IMO are undervalued too. This is also in addition to the tokens I earn through delegation.
I realistically can't post enough to use the voting service more than once or twice a week. I simply do not have the health/energy to do that consistently.
I think am going to try this strategy and see how it goes after a week or two-maybe longer. I may also increase my HP delegations to speed things up. If this strategy works out I will continue to do it until I reach 100k+ tokens
Just for clarity sake and full transparency I won't convert HBD or power down the HP earnings I get from these votes. I will will just use existing swap.hive I already have to buy the tokens. It's not worth the effort to do all that when I have more than enough to cover the cost. I will however not spend more than I earn from the voting service.
Alt strategy
If I really want to speed things up I could buy CCD with all of my post earnings (technically still not out of packet because I am using earned crypto), but for now I will try the first scenario and see how it pans out. If this strategy works well I likely will use all post earnings to buy the tokens -again just to speed things up. I am both patient and impatient at the same time most of the time-especially when I have set clear goal.
I also want to state that I don't want to spend any funds out of pocket not because I don't want to buy them but because 1) I like these kind of challenges where I play around with strategies 2) I like showing people how they can leverage earnings and turn then into something more (hopefully)
Let me know what you think in the comments. Feel free to share your strategies as well.
Update
I have decided to go with a sort of hybrid strategy. Meaning not only will I be buying CCD tokens with the crypto earned from their voter but I will also be buying from my main posting earnings as well. I do not have a set percentage or anything-it will be kind of random.
I also placed a buy bid based on the low end of the CCD upvotes on this post. It was filled immediately lol. I will likely place bids once I have estimates of earnings this way if it takes a few days to fill the order I should be ok.
鉂わ笍馃
