Supporting Hive-Engine through Investing in Farm Farmer

I decided to buy a few FarmFarmer cards - it's a super simple 'stake and forget' dynamic NFT yield farming game. You basically just buy some cards, stake them to yourself and you start mining FARM tokens, which you can in turn stake to mine Farmgov tokens.

The amounts each NFT will vary depending on how users interact with the cards and the tokens as the game/ mining develops. You can use FARM to 'increase' the power of some cards, thus slowing down others for example, and its anticipated people will team up form mining pools.

You'll be able to exchange FARM for $1 worth of other hive-engine game assets soon to be developed, or presumably other Hive-engine tokens, or Hive.

Details are available in this post.

NB I thought it only appropriate to invest a little something in this game, LEO is a Hive-engine token, lest we all forget, and funds spent on the game all go towards the further development of Hive-Engine, and let's face, it we were all VERY glad to rely on it after WLEO 1.0!

Here's my farm farmer Collection:

I paid just <$30 for this lot, and for that I get a crack at some of the 40 000 FARM tokens (mentioned in the post linked above) that will be issued in the first year, and they're issued on an hourly basis

Current and Anticipated Return

<$30 of tokens gives me 47.1 mining power and a 0.000148% percent chance of mining anything FARM, to be paid out every hour.

40 000 times 0.000148% = 5.92 farm a year, if it sells for $1, that's about an almost 20% return on the investment, which seems good to me!

That's my current return, unfortunately it's only going to go down from there as not all the miners are up and running yet, so this could easily go into single digits, in fact I expect it will, so it's something to keep an eye on.

The NFTs will also be tradable of course, and there's something else that may go up or down in value!

For all I know I've worked out the return wrong anyway, I'm quite good at doing that, but it was only a $30 investment, so not too much to worry about!

Final thoughts

This whole concept reminded me of the Thugs.fi project which @empodorat wrote about recently, except it's right here on Hive-engine, and given that the idea's got legs elsewhere it seems like a good idea to support a similar initiative on our mother-ship.

Posted Using LeoFinance ^Beta