Hello Fam!
I hope that life is treating you well wherever you are in this part of the world.
In crypto market we have multiple coins our label with different utility and different community. Obviously we can invest on all those coins but the important part is that we need to figure out which one is best considering what use case it has and how the project is overall doing in the market. Community is another important factor that we should not ignore. What I am trying to say is that if you are investing in a project coin and project is built on any strong foundation so there are high chances to get more value in return. For example if I'm investing on a coin and the project grows significantly then later on the value will also impact that growth and it will show the significant positive value appreciation.
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I have been tracking the moon card game for quite some time and I believe that this is a growing project. Colony is one of the token of this project which is available at low price this time but considering market appreciation and how the game is growing brings me thought that this token is going to be valuable later on. I have already invested some amount on this coin and staked all the balance available in my game account.
Today I am going to buy another chunk of tokens. This is going to be a biggest purchase for me till now and I'll be staking up all the tokens that I purchased from the marketplace today.
I am going to purchase over ninety one K tokens today using the HBD and for that ill be paying twenty six HBD in total. HBD is a stable coin on this network which is valued for $1 and it means I am investing twenty six dollars on this balance of token which I have shown on this snapshot and I am going to buy it right now.
This entire process of swapping will not take much time and should be done in few minutes. @Keychain application has made it very easy and convenient for anyone to convert one token to another. I love this feature and I like the convenience that it provides to the community where we can easily buy the token in single window without jumping from here to there.
The transaction is initiated as you can see on the below snapshot and it will be taking some time because there are certain steps involved in between.
Now this transaction is successful and I have got the balance in my wallet in internal marketplace so now I am required to move these tokens in my game account. I remember that last time this took some time and I had to raise the ticket because probably there was an issue in the node so I hope this does not happen today and I get the balance in no time.
I have initiated the transfer for this balance from my high engine wallet to the game account but I don't know what is wrong because today again it did not happen and I will have to wait for some time.
Once I get the balance in my game account I'll be powering it up and that itself is a very easy process however to start that process I need to have the balance available in my game account first.
Because this transaction did not move ahead so I have raised a support ticket and will wait for the resolution which I'm sure will be done in a day but its fine because I know that I have purchased and this is the only step left for me to add this balance in my account.
This token is highly undervalued and I'm expecting a good value appreciation over the period of time for this coin which is called colony. This is arcade colony and the token name is colony so things are related and you can understand that the kind of game it is getting built will bring more players and bigger the community means more demand for the token and more demand will be resulted in the higher value for this coin. Obviously there is use case for the coin in the game which will continue to evolve its demand and with increasing demand the prices are expected to rise which is a value appreciation on the investment.
So overall I'm happy that I'm able to buy this 91K tokens today and its biggest purchase ever for me however this is not the end instead I can say that this is the beginning. I will be buying more tokens and gadgets I will try to have a million token is staked in my game account or maybe more depending upon how much I am able to manage the funds since I need to diversify on different assets but surely colony is the one that I am going to make it 1 million in next few months hopefully.
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All images are sourced from https://moonkarts.arcadecolony.com, hive-engine, and the keychain app.