It took me two months to reach 10,000 staked CENTS. Beginning 18th of May, I stopped accumulating CENT and started to record the approximate monthly return of 100 USD worth of CENT based on content creation and curation. As stated in my previous posts, the reason for doing this is to come up with a basis for a comparative analysis of layer two tokens in my list.
Based on my computation, CENT gave me an 11.82% return in USD in one month period. From 18 May to 18 June, I received a total of 1,507.41 CENT as content creation and curation rewards. Out of that number, I sold 1,223.11 and I am still holding 284.3. In HIVE, that’s a total of 24.01 and in USD, 11.82.
| Date | CENT Earned | CENT SOLD | In HIVE | In USD |
|---|---|---|---|---|
| 18 May | 64.94 | 64.94 | 1.13 | 0.6328 |
| 25 May | 370.69 | 370.69 | 5.93 | 2.84 |
| 01 June | 347 | 347 | 5.03 | 2.71 |
| 05 June | 198.48 | 198.48 | 2.9 | 1.56 |
| 06 June | 75.32 | 75.32 | 1.12 | 0.8384 |
| 10 June | 166.68 | 166.68 | 3.10 | 1.612 |
| 18 June | 284.30 | 0.00 | 4.8 | 1.63 |
| TOTAL | 1,507.41 | 1,223.11 | 24.01 | 11.82 |
Out of 24.01 HIVE, I utilized 19.93 of that to buy SPT and CTP. With that amount, I bought 5,863 SPT and 105 CTP. In other words, I used 16.8 HIVE to buy SPT and 3.13 HIVE to buy 105 CTP.
In the case of SPT, once the SPS airdrop stops, I am thinking of allowing the token to follow its natural course in terms of growth. This means that I would stop buying it and I will only focus my comparative analysis on three coins: CENT, CTP, and LEO.
Today, I also completed my 5,000 CTP goal to be staked at ListNerds. My total staked CTP at ListNerds is now 4,916.595 and I am now holding a total of 115.899 CTP in Hive Engine. Once the connection with Hive Engine and ListNerds has been restored, I am thinking of transferring 84 CTP to ListNerds to complete that 5,000 goal.
My next target is to increase my stakes in CTP at ctptalk.com and LEO at LeoFinance. Once I am done accumulating 100 USD worth of each of these tokens, I can finally have a basis to compare which of these three tokens is more profitable in terms of giving a monthly return.
For now, I can resume my accumulation of CENT. This time, my goal is to grow my stake to 20,000.