Summit 3300, Day 15 - Scorum, First Week of Power Down, Sell to ETH
I set myself a goal and made a project out of it for the last three months of the year 2020.
The project is called
Summit 3300
The goal is
To see how much I can acquire (in BTC, as much as possible) from my current and new resources, be it online or in the real world
Read the introductory post with the guidelines
D - Scorum
Description
Scorum is a sport blogging and betting oriented platform which started over two years ago as a Steem clone. From my personal perspective, it showed a big potential at first. I am into sports and I love sports. Yet, it turned out, at least for me, that Scorum was not my choice of the blogging platform.
Why? Because the content is way too much about passive sports involvement and by far not enough about activities of the bloggers.
Also, it didn't develop at all apart from the first several months. The authors concentrated their efforts on a betting part of the platform. Too bad. I still think it has potential yet it doesn't have the needed energy to become something more than just a professional sports news and wagering site. Too bad.
OK, it was a long introduction. Read about my involvement and intent to power down what little SCR I have here - Scorum Power Down.
Interval
The power-down period is weekly for 52 weeks. As it was originally on Steem. That means it will take a long long time to get all my SCR out.
I started the power-down on Friday, October 1+the 9th, 2020. From then onward, each Friday I'll liberate a tiny amount of SCR
5,927 SCR / 52 = ~114 SCR per week
Actions
Powering down has been started.
Almost every week I'll transfer the liquid SCR to the Hotbit exchange* and sell it to ETH.
Action Today
Transfer 126.657 SCR to Hotbit*
Wait for it to arrive at the destination then sell it to ETH at the market price.
After three minutes I can make a trade.
Done! I sold 126.7 SCR at a price of 0.00002150 ETH and received 0.00272405 ETH.
With the trade a week ago I now have 0.00354086 ETH or $1.29 derived from SCR.
Outcome and Status
With seven trades done, the table with channels looks like follows.
| Channel | Input | Income BTC | Income USD |
|---|---|---|---|
| 0 - BTC | 100 | 102.17 | |
| A - Blurt | 1,162.444 Blurt | 0.00144328 BTC | |
| B - HBD | 128.094 HBD | 0.01118321 BTC | |
| C - Hive | 98.044 Hive | 0.00132106 BTC | |
| D - SCR | 162.900 SCR | 0.00354086 ETH | |
| Grand total BTC | 0.01394755 BTC | 157.96 USD | |
| Grand total ETH | 0.00354086 ETH | 1.29 USD |
The first line which indicates BTC trading won't be included in the total since it is an index value and not an absolute number.
Next
There is an option to invest (lock for a period of time) your funds at Hotbit exchange*. Since I'll hold thus earned ETH I may invest it too. It won't be much yet it's a test to see whether bigger investments are in order.
I'll make a separate post for a planned ETH investment on Hotbit*..
Summit 3000, history of articles
| Date | Article | Type | Channel |
|---|---|---|---|
| 16.10.2020 | Summit 3300, Day 14 - Blurt Again | channel report | A - Blurt |
| 12.10.2020 | Summit 3300, Day Ten - Selling HBD And Hive | channel report | B - HBD, C - Hive |
| 09.10.2020 | Summit 3300, Day Seven- BTC Trading | channel report | 0 - BTC |
| 04.10.2020 | Summit 3300, Day Two- Continuing With HBD | channel report | B - HBD |
| 03.10.2020 | Summit 3300, Day One - Starting with Blurt | Intro, channel report | A - Blurt |
Referral Links
I am using referral systems with a very straightforward approach - I only promote what I use!** In other words, I test it and vouch that it's legit and working!
Here is the assorted list of referrals that I offer for you to inspect and use if you choose so.
Exchanges
| Exchane | Hive Account |
|---|---|
| ionomy | @ionomy |
| Hotbit | @hotbithived1 |
Faucets
freebitcoin Bonus Bitcoin Satoshi Hero
Disclaimer
These reports show my actions and ideas. They are not to be taken as financial advice. Do your own research and make your own decisions. Of course, we can debate them and help each other.
Links marked with * are affiliate links. If you use one of them to join an offering we can both gain. Again, the decision is yours. Yet, you can trust me that I only promote what I use.
The banner image was created in Canva*.
This report was published on the @leofinance platform.
*Better and better
Posted Using LeoFinance Beta
