As we approach the complete frenzy phase, maybe it's a good moment to discuss certain things before we become completely blind and deaf on any advice or rational thinking... What you "feel" at these moments is called FOMO, but the level of FOMO is far away from where it will be soon... What you "feel" now will be multiplied by 10... And believe me, in those moments you will be out of your mind, thinking that you are the professional trader, the invincible investor, and the high-profile content creator... 🙂 Btw, when I say YOU, I think of myself too. I write these posts for myself, as a reminder for those days that will come...
Created in Canva.com
In this WB report post, I would like to use this space to talk about two things (or maybe three) that I have researched recently... It is connected with the FOMO, expectation, and those token shillers around that are "promising" that EVERY token will go up in the bull market... The truth is that many tokens will go up, but some tokens are already half-dead (or dead) and will never recover... As for our Hive ecosystem, I was checking out tokens on TribalDex... By default, they are sorted out by 24-hour trading volume, and there are 30 tokens per page... Among them, many are wrapped tokens, which means that they represent the token that is "bridged" to Hive-Engine and it is not the "native token" from it... Those tokens are SWAP.BTC, SWAP. MATIC, etc...
If you watch closely, you will see that the Top 18 (more than half of the tokens on the first page) are either those wrapped tokens or tokens related to Splinterlands... The pleasant surprise that I didn't expect is that the first token after them is the STARBITS token from the Rising Star game! After that, you can find the BEE token (the one that we mine with this pool), PART token (Golem Overlord game), LEO, etc.
If you scroll down and move to the 3rd page, you will notice that those tokens have 24-hour volume between $5 and $20, which is low, but when you go to page 4, things get much worse... What does this mean? Well, I'm not saying that tokens under that page are dead, but with such a low trading volume, it means that people are not using them for various reasons... Lack of use case, low liquidity, etc... So, if you have heavy bags in some token that is under page 4, you should re-check how healthy the project is, whether are there any moves, and hope that it will do something... Just be aware that a lot of tokens were hit hard by the last bear market and many of them WILL NOT RECOVER in the next bull!
Speaking of movements, that leads to the second story that I experienced on my skin today... I am following some other crypto projects and I got lured into one of them which was promising a few months ago... It is a DEX that doesn't have a token, but they have a POINTS system and a "promise" of airdrop of the token "soon"... All that is great and I wanted to do some lending and small trading, so I gave it a try... I tried a couple of products and made some small profits, but the main focus wasn't on the profit, but rather on getting more of those POINTS for the future airdrop... Long story short, after some trades, I noticed that I couldn't claim my earnings as the system was giving me errors... Also, entering and exiting trades was super-slow (I understand that on DEXes it can't be as fast as on CEXes, but this was extremely slow)... In the beginning, I thought that it was a temporary glitch and that it would be fixed, but after a few days, the issue was still there...
In a search for a solution, I went to explore news on the X page of the protocol and I was unpleasantly surprised with what I saw... There were just 2-3 posts in the last month (these days, crypto projects are creating multiple posts per day to get bigger exposure), and the comments on those posts were bad, but really, really bad... Everyone was complaining about something, from POINTS not calculated to glitches in the app...
So, I went to check out their Discord... Another huge disappointment was waiting for me... After joining and verifying my account, I was able to see "all channels"... The purpose of having a Discord is to discuss your project/game/community, but they completely killed that purpose by locking ALL channels for the general public and leaving ONLY announcement channels open!?!?! So, if you receive too many complaints, you just close discussion channels, and your problems are solved? NOT! You fix the problems and have positive and happier clients!
All that was too many red flags and I decided to pull out my investment from the project and move on... This doesn't mean that the project will die, or that they will not solve their issues, but it doesn't look too good... There are many other projects out there, with much better user experience that have much better possibilities to make it!!!
GIF by Tenor.com
Watch out for things like these... Don't get stuck with some project because you "loved it", or you were the early bird... Move on and find a better one...
Back to the Workerbee report numbers!
In the last 7 days, we mined 95 BEE tokens in total!!!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
Do you remember the opening lines of this post? After those wrapped tokens, one of the tokens on that first page of Tribaldex was the LEO token... The LEO token has a market cap of a bit over $1M, which is much more than many others in the Hive Engine, it has a 24-hour volume of under $200, and there are 17.6M LEO tokens out there... It is one of the stronger tokens in H-E as we have many others with "fake market cap" details (there is no liquidity, the last price was pumped and faked by owners, etc.)... So, I would say that the LEO token is one of a few that have a chance to get the "bull run vibes" and go up in the next few months if the whole crypto market continues in the same direction... Of course, that is just my speculation and not financial advice!
There will be distributed 40 LEO 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 95 BEE tokens and 40 LEO tokens as a bonus... The APR (without the bonus) was 6.950%, and when we added the bonus it went up to 8.333%!
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 middle HiveEngine price...
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 your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
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
PS. @lemonp8ste refund 8/9 (3.88888 WORKERBEE), for mistakenly staked WB tokens is sent!
and REFUND 1/9 for mistakenly staked tokens (26.98425 WORKERBEE)
👉 Vote for Liotes HIVE Witness HERE 👈
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!