Hello Fam!
Hello to Splinterlands and Hive Fam,
I hope that life is treating you well wherever you are in this part of the world.
I am trying to accumulate more colony tokens in moonkarts, and this time, the price is low, which I think is another good opportunity for the buyers. I believe that things are going to be more valuable in the game, so now is a good time for more asset accumulation. Although this is not any type of financial advice from my end. In simple words, it is like if you like the game, then you should have skin in the game, and that is what I'm trying to do.
canva created thumbnail
As of now, I have more than sixty thousand colony tokens in my account. Out of the violence, a total of 34500 tokens are staked. I want to mention here that staking is a process through which we lock the token; however, we also have the option to unlock it whenever we want. Now, there are about 26K tokens that I need to unlock, which I am going to do today. The balance is visible in the below snapshot, and you can see the breakup of tokens that I am holding.
So now, without any further delay, I am going to move a heat and stake the tokens that are available in liquid form. Although there is no apr applicable on this is taking balance but I think it is one of the valuable assets in the game so it is worth accumulating more.
The process is pretty simple, and anyone can do it, even if you are new in the game ecosystem. I just selected the stake button, and I can see the options provided on the snapshot. To make it easy, I have clicked on the 100 percent button that already picked the available liquid balance available in the game account. No, I just need to click on the stake button and move forward.
The next step is to confirm the transaction, which I think is a good mechanism because it ensures that we do not initiate any transaction by mistake. A confirmation message is a good sign, and it also ensures that we have taken the right action with the intention and not something happening automatically or because of some error.
After the transaction confirmation, within a few seconds, I got to see that staking was initiated, and after that, I also got the successful message, which was good.
Now you can see the updated balance available in the game account, and currently, it is over 60k COLONY. All this balance is staked, and a few tokens are lying in the internal market, which is a very small amount, and I will be buying more from the market soon.
✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨
Last week, I had some problems with the token transfer, and at that time, I was not aware of the reason. At first, I thought that there was some issue from my end; however, later, I figured out that I did the same steps I followed earlier, so there is no problem with the process that I followed. The problem was with the market node, and because of that, the transaction was not settled successfully just after it was validated or confirmed on the chain. When it happens, the transaction confirmation takes time, and the same has happened in my case.
I knew that support was going to help me promptly, and the same has happened. I raised the ticket following the support option provided on the game page, and this was also an easy process. This is the first time I have availed their support service and I have to tell you that it is pretty much efficient and responses are shared properly.
I got an update from the technical support team with the appropriate response that this is delayed because of some node issue coming from the hive-engine. I dont know if this can also be considered as a chain because generally chains are not down; however, if nodes are not up and running as expected, then the impact on transaction settlement can also be seen. Since I was not worried about the transaction, I raised the ticket, and I was expecting that by the time the weekend ended, it would be done.
It didn't take much time because, within the weekend itself, I was able to see the balance, but then I thought that I'd be doing it after Sunday since I had not much time to spend. When the support is responsive, then there is nothing to worry about, and I was rest assured that my tokens were not going anywhere, no matter what. The transaction was successfully processed without my intervention since I already notified the team and today that balance I powered up in the game account. Staking and power up are both the same options. Overall, the kind of support I received from the technical support team is much appreciated, and they are very efficient and careful with their users.
My journey with the colony token has started, and you can see me doing it quite often, which is like I have already started, and I am on it.
Having a look at the price says for the token in the market, you'll see that it is on the downtrend. It is obvious because the market is not doing well these days, so the impact can be seen in almost every project. Things are linked with overall Bitcoin prices, so if Bitcoin is not really doing great. Probably, the other tokens will also not do well, but it is not such a rule because exceptions are always there, and I agree with this. The point here I'm trying to make is that because the prices are on a downturn, it can be a good opportunity to buy more tokens.
✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨✧✦✧✨✧✦✧✨✨✧✦✧✨
I will be doing it and powering it up all to see how soon I can reach my next milestone, which is going to be one million. I know that this amount is not a small amount, and it will be taking time, but its fine because I am here for the long run game and not just something that I can do overnight. Because I'm focused and trying my best to make it happen, I'm pretty confident that it will happen soon.
All images are sourced from https://moonkarts.arcadecolony.com, hive-engine, and the keychain app.