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 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, crunching card probabilities and statistics, and free card delegations! Feel free to check them out under my posts if you are in need of card 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.
- Self Improvement: I have also been documenting my journey of "Walking To A Better 2023" where I set out to achieve my goal of clocking of 8,000 steps per day for 2023.
- SBT: I am also quite involved in the SBT (Splinterlands Battle Token) project, by participating in the raffles, Discord chats and also writing posts to spread this awesome token and project.
Here's my top 3 posts for this quarter. Interestingly, they are all about Splinterlands battle strategies. 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 3 Oct 2023 (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 | 848 | 1073 | 0.991 | 1063 | 1911 |
I haven't been as active as I would like to be for this quarter because I took one month break to travel overseas. Nonetheless, it is still very 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!
Compared to the previous quarter, I have accumulated 409 more HP and 96 more HBD in my Hive Wallet. As expected, the accumulation of HBD has slowed due to the "Coffee Fund" (see below). Apart from the rewards from postings, I have also traded/converted some Layer 2 tokens into Hive this quarter and this contributed an additional 53 Hive. All in all, my Hive Wallet has grown from USD 1,773 in the last quarter to USD 1,911 currently, despite the drop in the value of Hive.
Coffee Fund
| Year | Q1 | Q2 | Q3 | Q4 | Total |
|---|---|---|---|---|---|
| 2022 | - | 2 | 25 | 33 | 60 |
| 2023 | 41 | 48 | 53 | 142 | |
| Total | 202 |
Last year, 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 53 HBD. Seems like this system is working fine, with a good balance of sustainability and reward.
Hive Engine Wallet
*only included tokens with substantial values, i.e. top 5 tokens
| Token | Amount | USD | Description |
|---|---|---|---|
| WORKERBEE | 40 | 34 | Investment (Funded with 28.07 HBD in 2022 and 2023) |
| LENM | 12 | 17 | Investment (Funded with 45 HBD in Q1 2022) |
| BEE | 156 | 16 | Curation under Hive Engine and Staking of WORKERBEE |
| SBT | 1.1m | 6 | Airdrop from SBT community and Curation under SBT |
| PIZZA | 366 | 3 | From !Pizza Tips |
| Total | 76 |
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 added 10 more WORKERBEE tokens.
So that's I have!
As always, thanks for reading and have a pleasant day ahead! See you in the 2023 Q4 update!