Powered Up and Delegated LARYNX tokens
After the splinterlands airdrop, the SPK network was the most awaited project on the hive and the community was waiting for the airdrop. It was started in march month and this is available for monthly claims. It's not like SPS that we need to claim daily instead it's available for claim once a month. Since it is a monthly AirDrop claim so I have been claiming it from the beginning and every month I tried to claim within the first week. It's very easy and hardly takes a minute time but till now there was no option to delegate or anything on the stake. It's great that now we have the option to power up all the tokens and delegate to earn some more LARYNX tokens as a delegation reward.
(edited with canva)
AirDrop is always a great idea and everyone in the crypto space would love to have more airdrops but this can be even better if there is an option to earn additional tokens by locking up the current holding. I got to know about it today through the post shared by @kenny-crane and I also did the same. There is no point in keeping the tokens idle and it's always a great idea to lock the tokens and delegate them to one of the projects that are running the node and pay the delegation reward.
I have a total of 6354 tokens and I converted it all to LARYNX Power. There is 4 week locking period and if you want to unlock the power then you can get it back in 4 weeks time. So now since I have powered it up and now I will delegate it to one of the active accounts.
I clicked on the delegate button in the next window I can see the option to select the amount and the account I need to select for delegation. I chose @v4vapp as this use the latest software and some people have already delegated.
Now the delegation is done and we can see the delegated amount and account as well. I am happy that now there is an option to utilize the power else till now these tokens have been sitting idle. There is already a market for the token where we can trade and now I can see that the price has gone up slightly and this is because of this delegation function.
In my opinion, it's too early to sell and book profit because the project is still in the development phase and I will wait to see how it will grow over time. There is no hurry because I am sure that @spknetwork is going to be another blockbuster project on the hive network. Its always advised to choose the right project to bet on and I am quite confident that this project is the right choice. So if you think the same then just go on and start accumulating more tokens for the long run.
Thank you so much
(Images are taken from https://vue.dlux.io/ unless specified)
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