My financial strategy, currently and outlook for the new year 2022
An eventful year for the crypto world is now coming to an end
*** Text of German Version too long, so i decided to make another post with english text! Here it is: ***
A lot has happened in the Blockchain / Web3.0 world: Many ups and downs, many rollercoaster rides, a lot of thrills and now a sideways movement, which I consider the "calm before the storm".
We experienced Game Stop and #Dogecoin. And the #Corona pandemic has produced 5 million additional millionaires so far. The rich became significantly richer, the poor, especially workers, significantly poorer.
I now want to summarize my previous blockchain activities a little and give a little outlook on what I have planned for the next year. But of course this 2022 will also be peppered with surprises.
I want to start with what is still the most interesting discovery in the blockchain world:
Hive
I'll leave the powering up for now. Arrived at around 3500HP (that's enough for me) the income from the blog posts gives me a steady low growth, 50% of the rewards come from HP. But I don't power down for that either.
The #HBD, which I put into the Savings until some time ago, has been swapping into #Hive since the Hive has remained stable above $ 1 and promises to increase even further, and I am packing it over Beeswap, which I have on the Consider Hive Chain one of the best accomplishments of the year in the #DieselPools.
I'm currently in the WEED / HIVE and BEE / HIVE pools, but keep an eye out for new pools every day. Since the transactions do not cost anything (probably absolutely unique at Hive), you can swap any amount, no matter how small, into the token of your choice. This tool closes a real gap in Hive's DeFi Economy and I hope that many, many tokens and pools will be added so that you can swap and pool almost every token of the #HiveEngine here!
The Hivechain receives a significant additional boost from Tribaldex, where you can also set up your own token! Very well, there is a lot going on here!
Thorchain
The big days of #Thorchain are still to come. What we've seen so far is just preliminary skirmishes! With #Thorswap as the strongest Thorchain Dapp and #XDefi as the best wallet for this, swapping and pooling multichain assets is child's play.
At the moment, the Rune / Bep2 pools with the tokens #BUSD and #AVA are still the most worthwhile. The former is interesting as a stablecoin when the market is bearish, the latter, the token of the travel platform Travala.com for people who like to be on the go.
But especially with #Thorchain I smell the calm before the storm: The #Thorwallet has just been released, with which you can swap and pool decentralized multichain directly from your mobile phone. So far probably unique in the crypto world!
In addition, you have a full overview of all pooled assets, for which you previously had to call up Thoryield, which was a bit cumbersome. A little more detailed information in Thorwallet would be helpful.
On the other hand, the integration of several large blockchain projects into Thorchain has been announced, the next probably #Terra with its tokens #Luna and #UST, which equates to a serious economic merger and should raise the rune price and the market cap considerably.
There are also a few small things that I have to complain about at Thorchain: These are likely to be of a technical nature. For example, I don't understand why the tokens from Thorswap and Thorwallet were not launched on the Thorchain but as ERC20 tokens, and #Rune still seems to be the only token on the Thorchain: Is that politically wanted, or not technically otherwise possible? And why then does it have to be the expensive ETH chain of all things?
I think we can look forward to an exciting time here, you can get updates in the Thorchain Community here on Hive!
Polygon
I came to Polygon because of my #NFT aspirations as an artist. It turned out that you can mine works of art free of charge on #OpenSea, currently the world's largest NFT platform via Polygon.
I want to report separately about the NFT collection I created in this way. Unfortunately, despite Twitter marketing, it is still not selling, which I very much regret.
But at least you got to know a new chain and the horrific ETH gas fees, which are really a joke!
So you can buy the works of art with #WETH and handle the complete transaction processes, from mining to sale and resale, via the polygon chain.
To do this, you have to connect Open Sea to Metamask and select Polygon as the network. Next you have to add #WETH to the custom tokens and then you can either buy #WETH directly for fiat money or convert it from ETH, which also costs ETH gas fees.
I will soon describe another way to get tokens on the polychain via Wormholebridge. It definitely remains exciting.
Remember you need Always a small amount of #Matic to keep the transactions running on the polygon chain.
Once your tokens have arrived on the polygon chain, you can best farm them using Quickswap as you are used to from other chains (Thorchain, BSC or Hive).
#Quickswap is structured in a similar way to #Thorchain, so you don't have to harvests and compose your tokens and similar nonsense (and always pay fees), but you pay in the token pair, and the share in the pool increases due to the fees that are paid in plus of course the increase in the price of the tokens.
And then very important, don't forget to purchase one of my #NFT works of art for WETH!
It will definitely be worth it!
Elrond
The most important milestone in this chain was without a doubt the launch of Maiar DEX.
If you were clever and had staked #EGLD before, you should have received a fat #Airdrop of Maiar DEX's own token #MEX.
I got well over 1 million tokens for less than 20 staked #EGLD! You can farm these on the DEX, as already described above, and receive MEX as a reward, which already has a really noteworthy market cap.
If you still don't have a #EGLD (it remains one of my hottest tips about blockchains that have a future!) You can get one right away, preferably via the in-house app Maiar!
With an investment of $ 200 or more in #EGLD, you get $ 10 in EGLD for free! I think the promotion is still ongoing!
Otherwise you can really watch with excitement what's going on on the Elrondchain. The DEX was probably just the beginning, a first groundbreaking ceremony that was really more than successful. More #NFT and #DeFi projects will follow soon.
And as I said, extremely inexpensive gas and with a lightning-fast transaction speed, as we are used to from Hive here!
Terra
I'm relatively new to the #Terra Chain, currently the ninth largest crypto currency in the world.
You should definitely have the token #Luna, the whiz kid in the Top100 and now also Top10, as well as the stablecoin #UST!
As I mentioned above, there will soon be a merger with #Thorchain!
On #Terra, a project from South Korea, where millions of people already pay with #UST, there are a lot of interesting projects, so I can only touch on one here.
Just incidentally, it should be mentioned that you get Amazon Gift Cards for #UST and can therefore pay at #Amazon. In addition, that a project is coming soon with an IBAN connection to the Terrachain.
And the project #Mirror, where you trade blockchain-covered mirrored shares of large companies, so-called mirrored assets or mAssets, I want to describe here soon! So stay tunded!
Outlook
Lots of wood! And we are far from the end, more like the beginning! In the NFT scene, there is currently a crackdown on #OpenSea. The community thinks that OS would not reward the artists enough and have founded their own DAO with their own $ SOS token and a large airdrop!
Then other chains come into play, such as #Solana with #Solanart and #Solsea, which is probably a direct offshoot of #OpenSea.
In addition, the direct connection of the #Terra network to #IBAN and #Thorchain! And to the real economy by mirroring stocks and #ETFs by #Mirror!
So a lot will happen (very soon!) And the year 2022 should be exciting from a financial point of view!
I wish you all a happy new year! And a happy new year 2022!