Today, I added more #Colony and #Script in my stakings. The total reached 4978.895 Colony and 29.335 Script. I bought 500 Colony tokens at the rate of 0.00079 hive, 27.211 tokens are my claimed tokens and staked 527.211 tokens. Similarly, I bought 0.2 script token at the rate of 2 hive and staked all amount.
What are my goals? I had a proper plan to keep investing in 5 tokens. I have set a target to reach 100K Colony, 100 Scripy, 20K HP, 5K Leo and 100 HBD. These are my investment goals and I will try to reach them as quick as possible. Today, I added more Colony and Stake in my portfolio which brings me closer to my goal targets.
To be honest its not much easy to invest in 5 different tokens but its necessary because all of them have better future ahead. Its my investment strategy that I always keep my portfolio diversify, what is the benefit of it? It will help me, keep balance my portfolio, there are some tokens which goes down in price while some goes up which makes it balance.
Another best advantage of diversification is that in case any project fails, it will not harm your overall portfolio rather your specified token will crash only. My risk of loss will be reduced and there is always chance to enhance my profits. Its a famous saying that "Never put all your eggs in a single basket". The same I am following.
Why I Am Adding Colony And Script?
Why I am adding #Colony and #Script tokens continuously? I have two main purpose for these investments, one that I am fond of playing #arcadecolony projects and these tokens will help me play games, buy cards, generate hotsauce. Second that, I want to earn passive income from these holdings? Do you know that by staking these tokens you will earn around 10-15% APR.
Isn't that good? This APR is similar to #HBD savings APR. If I talk about my country, there are different investment markets but not any of them provide such good APR. The good ones right now are banks and they only offer 9% APR profit if you keep your money in banks. There is also no any wealth growth, you will only get passive income.
But if I talk about #Colony and #Script, they are providing above 12% APR which is quite good. There is not only passive income but also a huge change to grow you wealth. These are the real investments which can give you good grow in future. The only thing you need is to work with patience and must have consistency.
This is my 4th investment in colony and script and in almost 3 weeks I collected 5K Colony and 30 Script token. This is how consistency works best in investment, you add small amounts on weekly or monthly basis but in the end of the year, you will notice that you have collected huge amount.
It is just like a snowball, in the beginning it is very small but when you start rolling it becomes bigger and a time will come that you can't even roll it. I have the same perspective in term of investment. No doubt, the initial investments are very small but with the passage of time they becomes bigger and you can't even imagine that huge amount you have accumulated.
How To Stake #Colony And #Script?
The process is very simple, you need to login your account in #hive-engine. Then you need to buy #colony and #script token from the market. You can buy at current price or also you can set your bid for the best suitable price you want. If you think the price is good, its good to buy at current market but if you see there is huge different between bid and ask then its better to place your bid.
After buying these tokens, open #arcadecolony website. Click on the colony, you will see a transfer-in option. Transfer the tokens you bought from #hive-engine to the game. It will take 5 seconds to complete. The next process is to take the tokens. The same process is with the script token.
I still dont know about unstaking rules, whether how much time it will take to give you liquid tokens back. I have never tried for unstaking that is why I dont have much information about it. You can claim your rewards on daily basis.
Once you stake your tokens you will start earning rewards which will be around 12-15% APR. Also it depends on the investor, if he also play the games then this APR can be increased. The more games you play, the more rewards you will get. Therefore, if you are staking these tokens, its better to play games as well which will increase your earnings.
Another important point to remember is to keep a balance between staked and liquid tokens. This is because there are sometimes when the token pumps suddenly, during this time you must have liquid tokens which you can sell for profit taking and at the same time, your staked tokens will continue to earn passive income. This will keep your portfolio balance and you will win in both conditions.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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I want to invest in colony and script token.
Please guide me
Good bro, Read my post, I have explained everything in detail.
I want to invest in colony and script token.
Please guide me