How did things go after the first week?
Just over a week ago I started up four different dragon accounts. I gave each account 300HP to delegate and delegated that to four different communities. There is also a fifth dragon (me) which has delegated to a different community so I'll throw my results in there too.
For anyone who thinks that all delegations pay roughly the same amount...Well, that is certainly not true!
Now I could save the results for the end but here is the quick version and if you are curious about the details feel free to look further down:
| Curator | Return |
|---|---|
| @leo.voter | 13.87% |
| @amazingdrinks | 8.29% |
| @diyhub.voter | 8.19% |
| @pakx | 4.48% |
| @actifit | 0.67% |
Side notes: This is not financial advice. This is only the first week and who knows how things will look after a month or a year. Finally different tokens have different end goals so don't read too much into the quick numbers, read the whole thing and do your own research before delegating anywhere.
@Stonegale.gld
Having the honor of getting the first curation reward was Stonegale. 300 HP was delegated to @amazingdrinks. After just a few days 0.486 Hive was paid out which was converted to 10.6 GLD tokens. In addition 300 HP earned rewards and is now sitting at 300.215HP.
Short form :
Initial Investment : $100 CAD
Current HP : 305.219
HP Value : $68.06 USD
Weekly Payout : 10.8 GLD / $0.108 USD Value.
% return (Reward + Staking) : (.486+.219)/305 * 100 = 12%
% return (Reward) : (.486)/305 * 100 = 8.29%
@Emberfang.gld
It took a week for @diyhub.funds to pay out its return for delegation. How did the same 300 HP do with @diyhub.funds? Almost identical at 0.480 Hive. Sure I could do the math, again, but why? The 8.18% return is close enough to that of @amazingdrinks as to be almost not worth mentioning. I won't do the math because at 0.1% difference? I'm too lazy.
@Ashflare.gld
On the same day that Emberfang got its delegation reward, Ashflare got his reward also from @pakx as 0.055 PAKX tokens. However, @pakx doesn't give out hive tokens. That is a good thing and a bad thing. It's bad because it makes comparison tough. However, it is good because you can convert @pakx into other tokens easily on the hive-engine.com
Unfortunately PAKX token is thinly traded and there is a huge spread between the BUY and SELL price. If I was to sell the PAKX token I would only get .1925 Hive. Doing a little math that would mean only a 3.28% return. Less than half of what I would get from the other two curators. However if I wanted to BUY those same .055 PAKX tokens it would be 0.263 Hive or a 4.48% return
Now at first glance it seems hard to want to delegate to @pakx if you are just looking for a quick return on your money. At 3.28% return it is less than half of what you would get with the other communities.
But.... PAKX is a long term play not a short term one. I'm sure @dlmmqb could explain it better than I can but here is the short version I picked up from this post:
https://www.ecency.com/hive-153850/@moaz-sabir/what-is-pakx
PAKX has been designed as an appreciating token. New PAKX is only printed when it has enough HIVE to back it. They return a lower percentage NOW so that they can reinvest into better curation results and pump up the value of the token over the long term. The idea is that LATER you can get a much better return on your investment.
Will it really end up being competitive? Good question. I'll keep delegating and watch the price and returns over time. However, I would say that the BUY and SELL wall for PAKX is pretty sad and the spread isn't great either. I think this is an excellent example of why I like liquidity pools but I'll save that for another day :)
Even a trading bot created by the PAKX token to do an automated buy and sell would do a lot to decrease spread and possibly even increase the returns of the token. However, those can be a lot of work. Another thing I'll look into in another post.
@cinderclaw.gld
I was a little surprised at this delegation. It went to one of the larger communities on HIVE and I really expected it to do better than it did. However, after 9 days the results are:
No return on the delegated HP
As you can see the delegation went thorugh but no HIVE was returned within 9 days. But perhaps they give a HIVE ENGINE token instead?
Nope. Nothing there either.
However, while I can't show it here (I don't have cinderclaw.gld info on this computer) there IS a very small payout of AFIT tokens to the account. However, the tokens are sent to an actifit.io wallet and it is not visible easily. In fact any HIVE user wouldn't even know the tokens were there unless they knew where to look. There were 158 AFIT tokens sent to the account and they will have to sit there for a while as they can't be moved to the hive-engine until I accumulate 5,000 tokens. At this rate it will take about a year to get enough to transfer back to HIVE.
I headed over to tribaldex.com to see how much the 158 AFIT tokens were worth in HIVE.
0.0388 Hive or a return of.... 0.67%
Wow, that is bad.
Now I am hoping that they start paying out HIVE or HBD tokens as I've seen them do in the past. Maybe they pay out less frequently than weekly. I'll hold on for another few cycles (probably a month) to give them a chance. However, right now they are in last place.
Gldragon
Now I'm not really in the running here but I did delegate my funds to @leo.voter so I figure I'll add one more entry onto this list.
I have 532.318 HP delegated to @leo.voter
It is nice that @leo.voter pays out in LEO tokens and this week?
1.42 Leo tokens.
Looking on tribaldex.com
1.159 HIVE for a week. Now doing the math.
13.87%
Not all delegations are equal
As you can tell the return you get on your HP can be very different between curators. Some pay out in HIVE while some pay out in their native tokens. Some have a very good rate of return while others have a much smaller return. Some are best if held for the long term like PAKX. Some you have to dig just to find any return (Actifit).
Now you have an idea why I am running these good little dragon (.gld) accounts. I want to look at lots of different projects and investments and see what gives the best return. Hope you stick around for the results.
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STOPAre u sure that you are doing your maths right?
Delegations starts minting pakx after 7 days of delegating and remains minting after 7 days of undelegating. So I see only 2 days worth of returns. Why it says a week return when u started 2 days ago in a sense? Just let me know if u r counting those previous 7 days too? It's bed time here and I don't know how u did your maths.
Also, even after delegating, hp remains in your control since u can use !PAKX to curate posts and they have a chance of getting more curations from other accounts but it's manual, random and organic. To calculate the true apy, u have to calculate alot of things :)
It's a simple but also complex token hehehe
View or trade
PAKXtokens.Use !PAKX command if you hold enough balance to call for a @pakx vote on worthy posts! More details available on PAKX Blog.
My math was pretty simple. I delegated 300HP 9 days ago. I look at the value of the account now vs the value 7 days ago and calculate from there. Right now I have 0.022 PAKX tokens that I didn't have 7 days ago so I used that in my calculations.
I'll make sure to mention that the !PAKX token can be used to call a curator to peek at a post and maybe get a curation upvote which can be worth more than the coin. However, I wasn't able to easily find a whitepaper on its utility so I just did a quick search as if I knew nothing about the token and wrote what I came up with as a casual user.
The idea is to show value over time from all the delegations. To show how delegations are different and fit different needs. If PAKX has a unique value proposition I want to let people know about it and show how well it works by actually using it over the next year.
As for bots and market manipulation, yeah, that is a bummer when you are accused of screwing with token price.
On the one side you need to offer the coin on the SELL wall while still making sure there is liquidity on the BUY wall. It is a shame Liquidity pools like tribaldex are so expensive to setup. It is also a shame that making a strong BUY wall eats into profits by using up capital that could be better utilized to delegate, curate or other things.
With the GLD token I've got about 375 HIVE just sitting there doing absolutely nothing but waiting for someone to dump their tokens and it is always irritating to know it could be making cash delegated (sigh)
But you say its late there. Sleep well, and have a great night.
This will be fixed. Last time I added my trading bots in market, someone asking accusing me of market manipulation so I stopped doing it. There r already some bots in pakx pair but those ain't mine.
A pakx gives 80% ÷2 (only from delegated part not already compounded hp) (10% for buyback fund) of what pakx made from curation on that day. This way pakx gets less minted and all that HP compounds. Which when delegated to hivepakistan gives returns and half of returns r compounded.
At the moment, pakx daily compounds 0.5 hive more and gives 0.5 hive token dividend. This 0.5 hive seems too small but with power of compounding this extra 1 hive a day can become 2 hive a day in no time and then 2x 3x 4x..... The more investment in project, the faster it compounds. And when delegations drop for any reason, the compounded money is still compounded so Dividends r still high while Minting will be slowed. It's a yin yang concept and u gotta see it to believe it. I run my stats and maths differently and I see apy as way high so I am not sure how u r picturing things.
U can always sell me your pakx through p2p at 2 hive or above. Sometimes I even buy them for 3.2 hive, 3.5 hive etc etc. For bulk orders, I do have funds to buy.
Also, I am cooking alot of stuff in pakx backend that people don't know yet. It's in the soonish universe.
Still, I will update the buy wall. Looks like my previous wall expired.