Hey All,
Ok first thing first - what is this #WORKERBEE token all about? First, let's gain some insight into this #miner token WORKERBEE which is the governance token on the platform Hive-engine. By staking the miner token, it engages in the mining of the $BEE token, the native currency of the Hive-engine platform. Presently, the circulating supply of WORKERBEE stands at approximately 302K+, with each token priced at over 2.2+ $HIVE. This reflects the prevailing rate at which Sell orders for WORKERBEE are listed within the internal market, specifically on Hive-engine.
To be frank, I acquired these WORKERBEE tokens quite a while ago, approximately three years ago, to be more precise. 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. The BEE tokens received daily as mining rewards are typically exchanged for $HIVE or other tokens such as $LEO and $SIM, aligning with my strategy to accumulate specific tokens. Currently, my emphasis is on accumulating $SIM in exchange for $BEE and at times HIVE as well to build my HIVE POWER stake further up. Here you can see the mining rewards in terms of BEE that I get on a daily basis, the picture is again taken from hive-engine::
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 8K+ HIVE. So the question remains should I book profits here or stay invested? Looking ahead, I thinking to start about unstaking a minimum of 1K+ WORKERBEE tokens to explore investments in other projects. Although the specifics are yet to be finalized, I am inclined to allocate the funds towards acquiring more $SPS and $SIM and stake them all.
As for the remaining WORKERBEE tokens, my intention is to #HODL them, continuing the mining of $BEE and exchanging it for $HIVE in the interim. What if more uses cases are build around the $BEE token, then definitely one can hope to witness a growing momentum in its price. The stability of the BEE token's value around 0.35+ $HIVE for 1 $BEE token has persisted for a considerable duration. Overall, I am pleased with my investment in WORKERBEE tokens and am currently enjoying the favorable outcomes. It seems like the right decision to book some profits here and further leverage the earnings in other upcoming projects here on the HIVE Blockchain... cheers...
Do you have any WORKERBEE miner tokens? Have you staked your WORKERBEE tokens to mine $BEE? What's' your strategy looking like? Let me know in the comment section below...
#bee #workerbee #exit #profit #hiveengine #strategy #plan #hive #miner #minertokens #tokens
Image Credits:: hive-engine, ecency, pro canva
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..cheer
