3 New Delegators and Token Thoughts .:. WorkerBee PH-Pool Week 81
This week was a good one for delegators of the pool... We have mined 116 BEE tokens (3 more than the last week), and I will add on top of that another 30% in bonus tokens! In the beginning, we had crazy APR numbers, but this week it was almost 14% which isn't bad at all...
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But not everything is great and fabulous... I would like to do a little experiment that can hit me back, but I will still do it... I would like to express my own opinion (which someone could understand as spreading FUD, which isn't the case) regarding these tokens that we are staking, delegating, and mining... The WORKERBEE-BEE combination... I'm always transparent and preach doing the research before investing, and I will share my view on recent price development regarding these two tokens...
Firstly, these tokens are connected... WORKERBEE is a miner token, and BEE is the token that has been mined... The thing that concerns me the most is the second one... BEE token price is continuously going down for months, and to be honest, it's hard to see the reason to go in another way... The main use case for the token is to pay for products and services on the Tribaldex (Hive-Engine), where you can buy scripts to run your own tribes or trading bots, pay fees for creating NFTs, etc...
As we are in the bear market, there aren't too many transactions on any chain and it's the same on HIVE... People don't run to buy new NFTs, developers are waiting for better times for starting their projects... So, the need for BEE tokens is lower... Yes, it is used in Diesel pools, but it is also minted there, too... Long story short, if markets change direction, BEE tokens could shoot up, but in other cases, we can only lay our hopes that the Tribaldex team will launch new products and create more demand...
Because of all this, the miner token, WORKERBEE, could also suffer... It has a very limited supply, but currently, we have 2 whales selling tokens as the main reason for the price drop... But, if we want to be completely honest with ourselves, even if they weren't selling tokens, the price would follow the price of the BEE tokens... Maybe not that steep, but slower...
All this is visible in the table where I have calculated the APR for delegators... If the WB price stays high and BEE goes down, APR will go down and people will probably start selling WORKERBEE tokens... But, if both tokens go in the same direction (up or down), the APR stays "locked" and stable, which is usually a positive sign for HODLers... And the third option is that the WB price stays the same (or drops), and the BEE price goes up... Then the APR would go up and everyone would be happy... :)
What will happen nobody knows, but I had to share my views about these tokens... And also, I would like to clarify, I'm not a creator of these tokens, but just an investor like anyone else...
Back to the report numbers!
Still doing great with new members, this week, we got 3 new delegators! A warm welcome to 
This POOL doesn't have fees and you actually get up to 20% MORE by delegating to it!
What about the bonus?
I have a couple of Hive-Engine tokens that I accumulate as their value continuously grows... How can I know that it will grow in the future? Well, mostly because of the transparency and how they operate... One of them is the AWESOME token which gets value from curating posts, but also by author rewards added to its value... As there is a very limited supply of the tokens, they can't be devaluated easily... At the moment, HODLing these tokens will give you better APR than powering up your HIVE!
I will distribute 3 AWESOME tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... There will be distributed 116 BEE tokens and 3 AWESOME tokens as a bonus... The APR (without the bonus) was 10.184%, and when we added the bonus it went up to 13.834%! This time the bonus is over 30%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the current prices...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (
@ph1102)! Every week you will get the portion of mined BEE tokens and BONUS rewards!
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here @ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
ph
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