Hello Moonkart Fam!
I hope that life is treating you well wherever you are in this part of the world.
In Moonkarts game I have been trying to build a holding for COLONY tokens. Apparently this is not the only token I am trying to build a holding with because other tokens are also in my list. On this blockchain platform I am trying to accumulate some tokens within the arcade colony network and also from other projects.
So this game has got two tokens which are colony and script. I am trying to have both the tokens available in my game account and slowly and gradually I am buying both the tokens. I am planning to have one million tokens holding for colony and for script also I hope to have a good balance. Colony is a token which is like SPS in splinterlands but script is different. This is a stable coin of the game but currently it is not stable if I take the value from the dollar price. It is possible because market is down and such things are not new that happens in the crypto market.
I have purchased more than 17K tokens today and all these tokens are available in liquid right now. So now I am going to power up these tokens and grow my holding because when I power up it becomes part of my stake. The mistake I'm talking about is for colony tokens in the game and with this purchase I'll move closer to the 200K milestone for the colony.
I have initiated the transfer from the exchange wallet to the game account. It was done in less than one minute but in the past I have gone through tough time because of this because transfer was not successful. I raised the ticket for the transfer success and it was done by the team which I appreciate because the team is pretty much active on the support end.
Now because these tokens are received in the game account so I can go ahead and stake the tokens to add into my balance. I am powering up all the tokens available as liquid in my account and after that I'll show you the total balance. After this I will not have any liquid tokens lying in my account so whatever balance you will see is the powered up balance which will be visual as stake in the game for me.
Now this power up is successful which also does not take much time and it was all done in less than a minute time so I like the system how it works. It's a very easy process for anyone anyone and new person can do all these which is just like one time process to learn and then you are familiar with the entire process and how it works.
This is the updated balance of colony tokens I have in my game account. The balance is 192 k colony tokens available in my account which is like I am about to complete 20% of my goal in approximately one month time. I will still require a few months to have one million holding which I know will be taking time and I am on it so I am pretty much sure that I should be able to do it. I'm planning to do it in next few months or maximum within this year but like I already mentioned that it is a time taking process and I am focused and dedicated to do this.
The token price has gone up by 43% in last 24 hours if you look at this chart that I have shared below. It clearly shows that there is more demand for the token and I believe that is why now is the right time to purchase more and build a holding which I am trying to do. It may be easy for the whales to buy a bigger amount in one go but for a regular user things take time and being a regular user I know that I can do it but this entire process will take time for me. There is spike on the price which is clearly visible on the chart but I am happy that I have been buying on different prices.
When I will average out the price will still be good for me and this will happen even when the price has increased so I'm happy with the way I am buying the tokens. So let me share the order book also where I can see a lot of people who are selling the coin but the amount of buying is not much higher which is another signal that it can be a good buying opportunity. Although I have never done it but now I am thinking to place the bid for the buying order and wait if it gets fulfilled or not.
I know that this option works but I never tried however I feel like now is the good time to try this because if it happens then I will be able to buy colony tokens at much lower price than the market. It is always good to buy tokens at pretty much discounted price which I am hoping that will become a reality. It happens when there is some fluctuation in the market so I hope if I follow this strategy then probably I will be able to get a good number of tokens at discounted price which sounds like a great plan.
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You can see me powering up more tokens in the next few weeks and also few months because I will continue to do this till the time my goal is not achieved. I cannot say about the time that how much time it will take for me to be there but all I can say is that because I'm focused so we'll see me doing it frequently and whenever it is possible for me. I am investing on the game assets because I believe later on the value is going to grow and being an early adopter and joiner in the game I hope to be benefited. There is no such guarantee and such things run on the probability so I'm hoping this will go in favour of the players and community and since it is early phase of the project so a growth is inevitable.
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All images are sourced from https://moonkarts.arcadecolony.com and hive-engine.com