Hey All,
I had expressed interest in providing liquidity for the pool COLONY/SWAP.HIVE and here I am reporting the same that this has been started. My intention here is to continue to build and #hodl #COLONY token for a long term perspective. The GOAL that I have set for myself with regarding to accumulating #COLONY token is 500K+ staked and right now it stand around 108K+ staked so there is a lot to catch up and build my stake here.
My Journey to COLONY/SWAP.HIVE liquidity Pool - Kickstarted...
Moving further at the moment we have a decent APR which is above 36% for staking #COLONY token in the liquidity pool here on hive-engine. I just got started with an initial investment that I receive via my passive income stream created here on the HIVE Blockchain. Most of my market and pools DCA orders that got executed is being redirected in this liquidity pool. For now I am not touching the staking rewards that I get as it goes back/redirected in building the stake there.
The #COLONY tokens that I get here daily as rewards is not much its and is almost touching 30 tokens per day. The plan here is to keep building the liquidity pool until my rewards get to 500 #COLON tokens. Now have a look at the following image taken from hive-engine for my #COLONY token history...
You can clearly see the stake being build up slowly and gradually via the dswap along with the distribution contract rewarding for providing liquidity. So now...
What NeXt?
As part of the plan it pretty straight forward - where I plan to build my #COLONY stake with the income being received from passive income streams along with redirecting some of my earnings in buying #COLONY tokens at regular intervals via the market and pools DCA. I am also considering liquidating some my #SPS stake here for #HIVE and then swapping all of it for #COLONY. I do some second layer HIVE tokens which have been lying ideal for sometime now. So I guess the time have come where I will be leveraging them as well to buying the #COLONY tokens. The time has come to take advantage of it now but the sad part is I have got hefty losses there by investing those tokens and now that they don't have much of a value but still are worth a $100+ dollars that I can take advantage of and be optimistic the investment is #COLONY token is going to give decent return in long run. Lets see how things pan out in near future but for now this should be it for todays post on "ARCADE COLONY: My Journey to COLONY/SWAP.HIVE liquidity Pool - Kickstarted - APR above 36% - What NeXt?" Happy Investing and Gaming..#hodl onto your #COLONY tokens before it skyrockets...to the moon... cheers...
Have Your Say on ARCADE COLONY Platform - COLONY & SCRIPT Tokens
Did you happen to explore the platform ARCADE COLONY? Did you check on the Airdrop #COLONY tokens? How was your experience playing the game? Buying Vs Selling #COLONY? Would love to hear your thoughts around it in the comment box below?
ARCADE COLONY: My Journey to COLONY/SWAP.HIVE liquidity Pool - Kickstarted - APR above 36% - What NeXt?
#moonkarts #colony #script #play2earn #racing #crypto #web3games #arcadecolony #racenow #invennium
Best Regards
Image Courtesy:: moonkarts, arcadecolony, tribeldex, hive-engine
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..