Hive-engine #WORKERBEE token - My Stake & Selling #BEE token for HIVE - My Strategy Ahead...
Hey All,
Well first thing first - What is the #WORKERBEE token? Let's explore this miner token, which serves as the governance token on the Hive-engine platform. By staking WORKERBEE, users can mine the $BEE token, the native currency of Hive-engine. Currently, there are approximately 302764 WORKERBEE tokens in circulation, each priced at over 3.1+ [seller bid] $HIVE. This price reflects the rate at which sell orders for WORKERBEE are listed on the internal market of Hive-engine.
My Stake & Selling #BEE for HIVE - My Strategy Ahead...
Let me be very frank here and share the disclaimer that I have been a long time investor of this governance token of Hive-engine which is WORKERBEE and as of writing this article my stake is close to 4K+ $WORKERBEE tokens that are staked on the hive-engine platform. At that time, I purchased these WORKERBEE Miners for less than 1 HIVE each, and since then, all of these miners have been consistently staked and gives me #BEE token out daily. You can see the same from the image below::
The BEE tokens received daily as mining rewards are typically exchanged for $HIVE & then I am redirecting this #HIVE to be powered up so as to increase my HP as this is my ultimate goal now. If we do quick math; my investment is about 4K HIVE Approximately and that too when HIVE would have been at a price of $0.20 cents or so. And at the current price if you buy 4K WORKERBEE it will cost you around 12.7K+ HIVE; so you can imagine the profit here is almost 3x; plus we need to factor in the daily reward of #BEE token being payed out.
Well I can happily say that I would have already got my ROI [Return on Investment] and continue to stay invested. The plan ahead to continue to #hodl WORKERBEE tokens and take advantage of #BEE tokens. I am in no mood to increase stake in miner token rather if there is a suitable deal would unstake close to 1K WORKERBEE tokens and take all that 3K+ HIVE to power up my hive wallet. Well this should be it for todays post and overall, I am pleased with my investment in WORKERBEE tokens and am currently enjoying positive outcomes. It seems like the right decision to take some profits and reinvest the earnings in other upcoming projects on the HIVE Blockchain but right now as I said focus would be just of swapping it for #HIVE and powering it all UP.... cheers
Have Your Say...on WORKERBEE - BEE & what is your strategy for it?
Selling Vs HOLD #HIVE? Are you building your stake here on the HIVE platform? Do you have any WORKERBEE miner tokens? Have you staked your WORKERBEE tokens to mine $BEE? What's' your strategy looking like? What are your general thought around the platform #HIVE? Please let me know in the comment section below...
Hive-engine #WORKERBEE token - My Stake & Selling #BEE token for HIVE - My Strategy Ahead...
#bee #workerbee #exit #profit #hiveengine #strategy #plan #hive #miner #minertokens #tokens #hodl #crypto #investment
Image Courtesy:: pro canva, coingecko, peakd, hive-engine
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers