Hello Fam!
I hope that life is treating you well wherever you are in this part of the world.
Today I am buying the colony tokens from the market and two days back I did the buying for script. Script is the stable coin of the game and colony is the governance token of this game. So having the colony is good for a player because there are certain additional benefits and utilities that we are going to have in the game later on. Script token is required to generate fuel which I have also done and Staked all the tokens that I had. So Staking is required for both the tokens and that is why whenever I buy I just lock the tokens to get the best out of it. Its a very easy process that can be done within few clicks and today is the day when I am going to buy another bunch of colony tokens from the market.
The token purchase is done as you can see on the below snapshot and I have got slightly more than 22K tokens through the purchase. This count is 22290 exact and the same amount I will power up in the game. This process of power up is called is taking so both the words mean the same meaning so do not get confused.
This balance is also reflecting in the game account and I just need to transfer these from the wallet to my game wallet and once that is done then I will be able to stake the tokens.
Now transfer is done and I can go ahead with the next step which is powering up these tokens in the game account and I have initiated the process.
After confirming the transaction it took a few seconds to get the successful notification which I got and after that the balance were reflected with the updated numbers. Now it's all done and I currently have 174K colony tokens in my account and my immediate goal is to have 200K colony tokens after this.
I'm planning to have one million tokens in my game account but the immediate stop or you can say the immediate goal for me is to reach 200K mark first and after that I will continue to accumulate till the time I don't make it one million colony.
I hope that in the next purchase I'll be able to buy enough amount that will help me have 200K colony tokens or maybe more depending upon what price I get in the market. It is always a good idea to buy more when the price is low because we know that game is growing and there is a lot of development going on which is one of the reason why we can expect more demand in future but this might take some time. People who join early get more benefited in the project and I have seen it multiple times in different projects.
This is my purchase history for the colony tokens and I have been buying the token continuously from last one month. It is my long term goal on this gaming platform and I will continue to buy in parts whenever it is possible for me and whatever tokens I buy will be powered up immediately because that's what I am planning to do. We can also cheque out the current price for this coin in the market and it will help you have that how it is going so if it is on downtrend then surely a good time to buy more but if it is on uptrend then you can wait or wait for the right buying opportunity whenever you find it.
This is the coin price and this time it is on downtrend. In last 24 hours the price has gone down by almost 7% and that is what brings a buying opportunity if you are planning to do so. Again I'm not sharing any type of financial advice because I believe this project is going to do great but please do not follow my advice and I highly recommend you to check out the game project go through the White Paper and if you find out that it is an interesting project go ahead and invest whatever you like to do.
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Now because I am focused on the accumulation for the colony tokens in the game and trying to achieve my one million holding goal this year so I will continue to stay focused on this. This is a big amount so obviously it will take some time for me however I'm sure that with the consistency I am focused approach I will be able to achieve this milestone. The important is not to do something over the night but I believe the important part is to stay focused with long term mindset and that is what I'm trying to do on this game. I am working on various aspects that includes the NFT cards tokens and all that that are required for any player to have some skin in the game and the same I am doing. Let's hope for the best and I hope things are going to be great when the market is in better situation and the value of these assets will also rise following the market pattern.
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All images are sourced from https://moonkarts.arcadecolony.com, hive-engine, and the keychain app.