Hey All,
The Worldwide Asset Exchange, is also known as WAX that has emerged as a popular blockchain for non-fungible tokens (NFTs). A bit more on the WAX blockchain it is also known as "King of NFTs.” and is a blockchain specifically made for trading virtual items which are rare, master pieces and at the same time are collectible items. WAX is a purpose-built blockchain and its protocol token designed to make e-commerce transactions faster, easier, and safer. We even do have many of our HIVE Blockchain associated NFTs listed out there on Atomic Hub Market place and one of the famous one is the @Splinterlands collectables can be traded there as well.
I am sure most of the successful and upcoming projects leverage the WAX Block-chain in some or the other form. I have been part of the WAX chain for quite sometime and have around 10k+ WAX tokens staked on the chain which currently is giving an APR of above 8%. Here is the snapshot of my stake which is taken from mycloudwallet
Its been a while that I didn't touch my $WAXP rewards. Today, all of a sudden I decided to glance over to my WAX Wallet and check on the $WAXP reward status. And I had like 23+ $WAX tokens ready to be claimed. At current price of $WAXP which is $0.067+ this amount to $1.65+ as rewards for staking 10.5K+ $WAXP tokens.
Ultimately, I intend to maintain my commitment to $WAX by reinvesting in it and channeling the staking rewards back into the staking pool. I've previously liquidated numerous NFTs on the Atomic Hub, redirecting the proceeds in $WAXP toward the staking pool. Should I successfully sell my initial assortment of #WAXNFT, I plan to utilize the proceeds to acquire the new NFT collection from vbot collections. The goal, at least for now, is to keep staking the #WAXP rewards until the price of the token reaches a respectable mark.. maybe half a cent and then will see if I can exit and book profits by selling all the #WAXP tokens...Considering the future is NFTs and what we are seeing that almost all projects are associated with NFT space - they would require this KING of NFT - WAX [Worldwide Asset eXchange™] without a doubt for more visibility, user base, security & other purposes - the project would definitely leverage WAX Block-chain. Therefore the plan forward is very simple which is::
Buy in dips; stake & Keep Accumulate
Did you invest in #WAXP token? HODL Vs Sell? If Yes, what do you think about the project and its near future? Would love to hear your views/thoughts on on WAX Blockchain #WAXP token...
#waxp #wax #nfts #staking #rewards #nftcollection
Image Credits:: coingecko, mycloudwallet, securities
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
