I didn't want to write again about the FTX drama, but it's all over the Internet portal, forum, and HIVE, so I have to mention at least a bit... FTX was (is it still?) an exchange website, and as that, the point that you deposit funds there, make an exchange and WITHDRAW your funds... But, I do understand that they have added "other products" to the platform and "lured" people to leave their funds there... It is a common practice that other websites are doing too... But...
At the moment when you SEND your funds to someone else, those funds aren't anymore yours! It's the same thing in the real life and banks... when you deposit your cash there, it's not yours anymore... Yes, there is your name, but it's not yours... Sounds weird, and I know that people from western countries can't understand that when the building is crumbling, everyone saves their own skin... There are no guarantees, securities, etc...
Created in Canva.com
So, the main flaw of FTX and other centralized entities is that they would like to do Web3, but in a Web2 manner... To do crypto, but to have control over funds, to have all the keys in their hands... That's like going one step backward... Crypto is created exactly because of that... Created to STOP abuse like that... That's why FTX has failed, and many other projects will fail... They didn't embrace the Web3 principles...
We have one huge advantage here on HIVE that many don't have an idea that it exists... It's a TOKEN DELEGATION! This pool is a perfect example of that... Nobody who is in this pool didn't send me tokens! Everyone has delegated, which means that those tokens are still in YOUR OWNERSHIP and you can get them back whenever you UNDELEGATE them... I can't (nor anyone else) can take those tokens, or stop you from getting them back! That's the real Web3, that's OWNERSHIP over your funds, but still, generating income in other places...
Back to the report numbers!
This week we lost 1 delegator, but also got another new one! Welcome, @cryptothesis! As usual, some of you guys delegated additional tokens! Thanks for doing that! Also, we have a new record of mined BEE tokens for one week! We have mined 145 tokens!!!
This POOL doesn't have fees and you actually get up to 20% MORE by delegating to it!
What about the bonus tokens?
This week, I will giveaway CTP tokens as a bonus... It is one of the oldest tribe tokens out there, I was an early "adopter" of it, and earned a lot of tokens in the early days... Most of them I have staked and didn't sell... So, here we are, giving away my earnings to you guys... :)
I will distribute 700 CTP 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 145 BEE tokens and 700 CTP tokens as a bonus... The APR (without the bonus) was 9.694%, and when we added the bonus it went up to 11.850%!
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... Most of you got them for a cheaper price, so probably have a much better ROI...
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
If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. Odysee