Personal Progress Update @ Q2 2023 - Hive Power Crossed The 2,000 Mark!

in LeoFinance11 months ago

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It's time for another quarterly stocktake of my blogging adventures on Hive.

As a quick introduction, I made my first post on 29 Sep 2021 and it was an introductory post about my Splinterlands journey. Since then, it has been around 1.5 years and I have been actively posting and curating on Hive.

And I just want to say how grateful I am to be making friends within this community and receiving so much support, be it in the form of upvotes, comments, or even sharing of new knowledge.

So here's what I have been busy with over the past 3 months:

  • Splinterlands: I have continued with my Splinterlands-related postings, including the weekly challenges, crunching card probabilities and statistics, and free card delegations! Feel free to check them out under my posts if you are in need of card delegations!
  • Weekend Experiences: This was something new I discovered in Q2 2022 during my random browsing of the Hive posts, and has now become one of my weekend posts. I really enjoyed challenging myself to come up with something interesting to share for the weekly prompts and I enjoyed reading other sharings within the community to. Finally, the curation committee are very generous with all the rewards when they see writers putting in effort to write a good post!
  • Freewriters: I have been diligently writing ZapFic entries for the Monday editions and I was extremely glad to be recognised as the winners/runners-up in a few of my entries.
  • SBT: I am also quite involved in the SBT (Splinterlands Battle Token) project, by participating in the raffles, Discord chats and also writing posts to spread this awesome token and project. It's nice to see the value of SBT go up and the project itself growing too!
  • Self Improvement: I have also been documenting my journey of "Walking To A Better 2023" where I set out to achieve my goal of clocking of 8,000 steps per day for 2023.

Here's my top 3 posts for this quarter. Interestingly, they are all about Splinterlands battle strategies. Thanks again to everyone who has showed your support by upvoting my posts.

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Now onto the financial aspects of my blogging experience, here's what I have accumulated so far as of 1 Jul 2023 (at time of writing).

Hive Wallet

PeriodHPHive PriceHP (USD)HBDHBD PriceHBD (USD)Total (USD)
2021 Q41131.4001581050.988104262
2022 Q12540.9792491840.992183432
2022 Q25320.4462373170.972308545
2022 Q39730.4914785080.981498976
2022 Q413940.2593616570.9916511012
2023 Q119420.4148048350.9858221626
2023 Q224480.3328139770.9839601773

This has been another routine and consistent quarter in terms of the accumulation of HP and HBD. Compared to the previous quarter, I have accumulated 506 more HP and 142 more HBD in my Hive Wallet. Apart from the rewards from postings, I have also traded/converted some Layer 2 tokens into Hive this quarter and this contributed an additional 53 Hive. All in all, my Hive Wallet has grown from USD 1,626 in the last quarter to USD 1,773 currently, despite the drop in the value of Hive.

Coffee Fund

YearQ1Q2Q3Q4Total
2022-2253360
2023414889
Total149

Last year, I decided to formalise this process as my personal funding for my Coffee Fund! As to why it's called the Coffee Fund, it's because I am going to use the money to buy myself coffee while I write my posts or think of writing ideas at the cafe. Hehe!

For background:
The topic of profit-taking has been in my mind to reward myself and I have been spending some thought on how to do it in a sustainable way, as I still want to be heavily involved in the Hive community. So after exploring various options, I have decided to withdraw only my HBD interest as "profits" on a quarterly basis. Since HBD is going at 20% APR, it would be around 5% of my HBD each quarter.

For this quarter, it worked out to be 48 HBD. Seems like this system is working fine, with a good balance of sustainability and reward.

Hive Engine Wallet
*only included tokens with substantial values, i.e. top 5 tokens

TokenAmountUSDDescription
SBT1.2m27Airdrop from SBT community and Curation under SBT
WORKERBEE3022Investment (Funded with 23.16 HBD in 2022 and 2023)
LENM1220Investment (Funded with 45 HBD in Q1 2022)
BEE14420Curation under Hive Engine and Staking of WORKERBEE
SCHOLAR3,36211Curation under Scholar and Scribe
Total100

Have included a column this time to provide a description of the tokens so that it helps me keep track of my involvement in various projects.

Like I have mentioned before, unlike Hive and HBD, tribe tokens in the Hive Engine Wallet are more susceptible to massive price swings and have poorer liquidity, so these USD values are just for reference (i.e. likely lesser if I would to divest all at one go). This is also why I have separated the totals between the Hive Wallet and Hive Engine Wallet.

As mentioned above, I have continued to divest some Layer 2 tokens, and convert them to Hive. There are two main reasons to this. The first reason is because I realise most of the Hive Engine are seeing a decline in value (in terms of Hive). The second reason is converting to Hive not only helps to preserve some value (from the price decline), it also boosts my vote power and allows me to vote on good posts regardless of the tribe tags.

That said, I have also been accumulating some tokens which I think have the potential to do well too! For this quarter, I have added 10 more WORKERBEE tokens.


So that's I have!

As always, thanks for reading and have a pleasant day ahead! See you in the 2023 Q3 update!

Sort:  

That's some solid growth right there. Let's continue to build indeed.

Yeah thanks!

Nice concept on coffee money.
!PIZZA
!LUV
!LOLZ

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@relf87, I sent you an $LOLZ on behalf of @houhou

(3/8)
ENTER @WIN.HIVE'S DAILY DRAW AND WIN HIVE!

Hehe thanks!

So nice! Good progress on your growth.
!PIZZA
!LOLZ
!LUV

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Type ! help (no space) to get help on Hive. Info

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I told the Starbuck's clerk my name was Marc with a C
When I got my coffee it was marked Clark.

Credit: lobaobh
@relf87, I sent you an $LOLZ on behalf of @vaynard86

(2/10)
ENTER @WIN.HIVE'S DAILY DRAW AND WIN HIVE!

PIZZA!

$PIZZA slices delivered:
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@vaynard86(2/15) tipped @relf87

Congratulations @relf87! You received a personal badge!

You powered-up at least 50 HP on Hive Power Up Day! This entitles you to a level 2 badge
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!

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Check out our last posts:

Hive Power Up Month Challenge - June 2023 Winners List
Be ready for the July edition of the Hive Power Up Month!
Hive Power Up Day - July 1st 2023