100 Hive Experiment Staking Game Coin | 8th Day Report

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Token Stake Experiment (1).png

Introduction

Hello Everyone !
Welcome back to Ramadhanight's Hive Blog. Today i would like to share about my investing report on game token to gain some airdrops. My subject is SPS, WOO, and GLX. Now that a week has passed and GLX Aidrops claimable again, let's see how my airdrops goes !

Why Investing on Staking Game Token

Before going to the main point, i want to share my thought on investing on game token staking. There are some reason why i prefer to invest my money here :
1. Earn passive rewards. Just like the HP delegation, it's like anybody dream to earn money while sleeping, right ? You just need to put your money and get the daily airdrops while it last;
2. It's safe from thief. Because unstake is have a month time delay, your money can't just taken away from you instantly;
3. Help the game developer and community. By staking game token, you help the tokenomics to grow so the developer could develop their game and gamer could have better game environtment.

My Game Token Choice

I chose 3 game token that i found most interesting on hive.
1. SPS. It's token from Splinterlands Game, a play to earn game that proved to keep developing with many interesting project. The developer seems always having way to keep the game going as well the game token. With their newest Genesis League Soccer's token is added to SPS staking airdrop, makes SPS staking is having more interesting and profitable.
2. $WOO. This is my chosen new game on hive that i think interesting. They bring new concept with wresting theme and already got some licensed NFTs from real wrestler. They also offer nice airdrops by staking $WOO.
3. GLX. Mentioned on 1st list, this game token is rising up very rapidly with crazy APR up to 6000% on it's early day of launch! I wonder how long this too-good-to-be-true Airdrop could stand.

My 8th Day Report

This report was created yesterday, but published today due to busy time. The token price might changed a little, but let's keep on yesterday's report anyway.

Fyi, i use my alt account for this experiment, 1 account is for SPS and WOO Stake, and another account for GLS, so the airdrops for GLS won't mixed with SPS staked.


*staked woo added by 3rd day claim

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My initial investment all start with 100 hive. SPS and WOO are started at same time, 13th November 2022, while GLX started on 14th November 2022, there were around 20 hours of gap between them, this is because GLX was not on my original idea, but then i think this is very interesting to included on my experiment, so i decide to top up some hive and get GLX in as well. The converted hive into each token are shown on picture above.
On 16th November 2022, i made the report on my 3rd day staking, you could see the report on this link https://peakd.com/hive-167922/@ramadhanight/100-hive-experiment-staking-game-coin-or-3rd-day-report
Next on 17th November, i tried to claim some rewards of the airdrops. the detailed are shown on picture above. GLX was unable to claim that day. Then I claimed again yesterday and now all airdrops are claimable. The detailed are shown on picture above too.
Let's calculate it. By staking 820 sps, i got 2.214 SPS, 0.178 voucher, and 2.449 glx on my last 5 Days of staking. I have sell all of them and got 2.065 hive in total. This is mean that from my last 5 days of staking, i already got 2% of my investment back which give me around 150.76% of APR. For the all time stats, i have earned 3.387 hive from my investment on SPS which having APR around 154%.
Let's move to the WOO, i earned 400.609 $WOO for my staking in last 5 days. I couldn't sell this $WOO since it goes straight to my staking $WOO, but based on that day market, it's valued at 0.633 hive. This mean i got staking woo with value 0.63% of my investment in 5 days. For my all time stats, i already claim $WOO with yesterday value 1.173 hive with APR is 53.53% This is actually big amount of APR, but might seen small because the other were having crazy APR. I will wait for a month to see how many i got then will unstaking it based on that ammount to make it fair, because right now my $WOO is bulking while another token is not.
Last is the GLX. I got 33.818 GLX and 1.234 GLGT for staking 135.4 GLX in last 5 days days ! Converted to yesterday market, i earned 20.29 hive which is 20% of my initial investment! For my all time stats, Stacking GLX gave me 36.57 of Hive and having 1907% of APR if there is no changed (surely will changed 😂)

Analysis

Staking GLX still having crazy APR with 1907% of APR for my all time investment, while SPS is having 154% of APR and WOO having 53% of APR. GLX might having highest APR but be carefull because this might dropped significanly soon due to too many new GLX are come to the circulation. SPS having 2nd highest APR, but is very depended to GLX airdrops as well, without GLX airdrops, SPS airdrops is only having around 26.69% of APR. WOO have lowest APR compared to SPS and Airdrops, the airdropped token is come as staked token as well, but is already on pretty stable condition compared to another token on the list.

Final Words

Thank you for kindly read my post, if you have an idea on investing in hive with great return, please tell me on comment section. You can suggest me another game with interesting aidrop as my next subject of experiment as well !

Notes: All this post is not a financial advice, just my experiment that i want to share. Please do your own research before investing into any investment instrument.
Set beneficiary to @indonesianhiver for all Indonesian hive blogger development

Credits

Hive for the very useful blog and community platform
Mrs. carrieallen for the very useful ULTIMATE Markdown Tutorial
All curators for the upvotes
Canva for the free photoshop
Splinterlands, Genesis League Soccer, and Wrest online organization for the great project

~See You on Another Ramadhanight's Hive Blog~

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