It's time for another quarterly stocktake of my blogging adventures on Hive. Cool thumbnail, isn't it? It's done by the talented @mightpossibly!
As a quick introduction, I made my first post on 29 Sep 2021 and it was an introductory post about my Splinterlands journey. Since then, it has been around 2.5 years and I have been actively posting and curating on Hive.
And I just want to say how grateful I am to be making friends within this community and receiving so much support, be it in the form of upvotes, comments, or even sharing of new knowledge.
So here's what I have been busy with over the past 3 months:
- Splinterlands: I have continued with my Splinterlands-related postings, including the weekly challenges, and free card as well as SPS delegations! Feel free to check them out under my posts if you are in need of card and SPS delegations!
- Weekend Experiences: This was something new I discovered in Q2 2022 during my random browsing of the Hive posts, and has now become one of my weekend posts. I really enjoyed challenging myself to come up with something interesting to share for the weekly prompts and I enjoyed reading other sharings within the community to. Finally, the curation committee are very generous with all the rewards when they see writers putting in effort to write a good post!
- Freewriters: I have been diligently writing ZapFic entries for the Monday editions and I was extremely glad to be recognised as the winners/runners-up in a few of my entries.
- HoloZing: Late last year also saw the introduction of one of the upcoming games on Hive, called HoloZing. I have written a few posts on this, and if time permits, I would try to write more about it! Hehe!
- Movie and Show Reviews: I have expanded my writing to also include some of my movie and show reviews in this quarters. This was sparked off by my recent visits to the theatre and I thought it would be interesting to share my thoughts too.
- Pinmapple: Similar to above, I also did one post to share about my recent visit to Universal Studio Singapore. Looking forward, I hope to also find more time to write about my travels too.
Here's my top 3 posts for this quarter. Interestingly, they are all about Splinterlands-related. Thanks again to everyone who has showed your support by upvoting my posts.
Now onto the financial aspects of my blogging experience, here's what I have accumulated so far as of 1 Apr 2024 (at time of writing).
Hive Wallet
| Period | HP | Hive Price | HP (USD) | HBD | HBD Price | HBD (USD) | Total (USD) |
|---|---|---|---|---|---|---|---|
| 2021 Q4 | 113 | 1.400 | 158 | 105 | 0.988 | 104 | 262 |
| 2022 Q1 | 254 | 0.979 | 249 | 184 | 0.992 | 183 | 432 |
| 2022 Q2 | 532 | 0.446 | 237 | 317 | 0.972 | 308 | 545 |
| 2022 Q3 | 973 | 0.491 | 478 | 508 | 0.981 | 498 | 976 |
| 2022 Q4 | 1394 | 0.259 | 361 | 657 | 0.991 | 651 | 1012 |
| 2023 Q1 | 1942 | 0.414 | 804 | 835 | 0.985 | 822 | 1626 |
| 2023 Q2 | 2448 | 0.332 | 813 | 977 | 0.983 | 960 | 1773 |
| 2023 Q3 | 2857 | 0.297 | 849 | 1073 | 0.991 | 1063 | 1912 |
| 2023 Q4 | 3369 | 0.341 | 1149 | 1204 | 0.996 | 1199 | 2348 |
| 2024 Q1 | 3890 | 0.421 | 1638 | 1291 | 0.992 | 1281 | 2919 |
This quarter was pretty uneventful, in the sense that I have continued to keep up with my posting, but at the same time, I was away on and off as I took some breaks away from Hive due to vacations. And I always find myself back to reading and posting on Hive!
In terms of numbers, compared to the previous quarter, I have accumulated 521 more HP and 87 more HBD in my Hive Wallet. For HP, apart from the rewards from postings, I have also traded/converted some Layer 2 tokens into Hive this quarter and this contributed an additional 47 Hive. I seem to be averaging about 400 to 500 HP per quarter and that's quite an achievement and something to be proud of, because most of these came from active posting and curating, and not only it's not guaranteed, the support and votes are also something that I don't take for granted.
As expected, the accumulation of HBD has slowed due to the "Coffee Fund" (see below). Also, in this quarter, I have also used HBD to make "investments" for LEN and ZING tokens because of my bullish views for the Liotes and HoloZing project. As such, the growth in HBD for this quarter is a little lower, which is expected.
All in all, my Hive Wallet has grown from USD 2,348 in the last quarter to USD 2,919 currently. It is really heartening to see that my account has continued to grow (or sometimes, I call it "snowball"), thanks to passive returns, be it from delegation of HP, delegation of RC, or just the 3% APR for Hive and 20% APR for HBD. There's so many ways to accumulate apart from writing and curating!
P.S. For those who are very sharp, you would notice the HBD values don't tally with my Hive Wallet. That's because I had taken out 600 HBD to purchase SPS because I am bullish on SPS compared to the 20% APR for HBD recently. Let's see how this pans out.
Coffee Fund
| Year | Q1 | Q2 | Q3 | Q4 | Total |
|---|---|---|---|---|---|
| 2022 | - | 2 | 25 | 33 | 60 |
| 2023 | 41 | 48 | 53 | 60 | 202 |
| 2024 | 64 | 64 | |||
| Total | 326 |
In 2022, I decided to formalise this process as my personal funding for my Coffee Fund! As to why it's called the Coffee Fund, it's because I am going to use the money to buy myself coffee while I write my posts or think of writing ideas at the cafe. Hehe!
For background:
The topic of profit-taking has been in my mind to reward myself and I have been spending some thought on how to do it in a sustainable way, as I still want to be heavily involved in the Hive community. So after exploring various options, I have decided to withdraw only my HBD interest as "profits" on a quarterly basis. Since HBD is going at 20% APR, it would be around 5% of my HBD each quarter.
For this quarter, it worked out to be 64 HBD. That brings the total for 2024 so far to 64 HBD (duh haha)! Seems like this system is working fine, with a good balance of sustainability and reward.
P.S. For this quarter, there was an slight issue where the APR for HBD fell to 19% on some days. Given that most of the days are still at 20% APR, for simplicity, I have maintained the same methodology. However, if there are significant changes to the APR for HBD, I probably would need to re-think this methodology.
Hive Engine Wallet
*only included tokens with substantial values, i.e. top 5 tokens
| Token | Amount | USD | Description |
|---|---|---|---|
| WORKERBEE | 50 | 26 | Investment (Funded with 32.55 HBD in 2022 and 2023) |
| BEE | 175 | 25 | Curation under Hive Engine and Staking of WORKERBEE |
| LENM | 12 | 25 | Investment (Funded with 45 HBD in Q1 2022) |
| LEN | 335 | 17 | Investment (Funded with 10.18 HBD in Q1 2024), mining from LENM and delegation of HP to @liotes.voter |
| LEO | 69 | 7 | Curation under Leofinance, delegation of HP to @leo.voter and delegation of LEO to @leo.curator |
| Total | 100 |
Have included a column this time to provide a description of the tokens so that it helps me keep track of my involvement in various projects.
Like I have mentioned before, unlike Hive and HBD, tribe tokens in the Hive Engine Wallet are more susceptible to massive price swings and have poorer liquidity, so these USD values are just for reference (i.e. likely lesser if I would to divest all at one go). This is also why I have separated the totals between the Hive Wallet and Hive Engine Wallet.
As mentioned above, I have continued to divest some Layer 2 tokens, and convert them to Hive. There are two main reasons to this. The first reason is because I realise most of the Hive Engine are seeing a decline in value (in terms of Hive). The second reason is converting to Hive not only helps to preserve some value (from the price decline), it also boosts my vote power and allows me to vote on good posts regardless of the tribe tags.
That said, I have also been accumulating some tokens which I think have the potential to do well too! For this quarter, I have bought 300 LEN and 2000 ZING tokens (on a net basis), and these are funded from HBD.
So that's I have!
As always, thanks for reading and have a pleasant day ahead! See you in the 2024 Q2 update!