Progress made in Hive Token Investment (July 1 - 10); Closely approaching Target
Ten days ago, precisely on the first day of July, 2020, I, in this post, detailed my investment targets on Hive Engine tokens including LEO, SPORTS, CHARY and CTP. Setting the target was crucial so I could strategize how to split the investments in bits to help me reach the target with ease.
Today is the 11th of July and it is crucial that IO look back to evaluate how much of the investment targets has been achieved so as to help me know where to channel my energy in the remaining 20 days of July, 2020. Table 1 below is a recap of the investment targets for the Hive tokens and the rate of stake completion for July.
Table 1: Hive token stakes as at July 1 and rate of stake completion for July
| Token | Current Stake | Expected Total Stake (month end) | Rate of Completion | % Rate of Completion |
|---|---|---|---|---|
| LEO | 24,101 | 30,000 | 2,502 | 85% |
| SPORTS | 17,000,000 | 25,000,000 | 20,000,000 | 80% |
| CHARY | 4,000 | 10,000 | 1,500 | 80% |
| CTP | 100 | 2,000 | 500 | 75% |
From the entries in Table 1 above, about 75% of the July target has been reached for CTP Token, 80% for CHARY, 80% for SPORTS and 85% for LEO. This therefore forms a basis for adjusting the weekly contributions for each token in order to help reach the target for all tokens.
Table 2: Offset from July Target and Adjusted Weekly contribution
| Token | Current Stake (11/07) | Offset from Target Stake (month end) | Adjusted Weekly contribution |
|---|---|---|---|
| LEO | 25,502 | 4,500 | 1,500 |
| SPORTS | 20,000,000 | 5,000,000 | 1,670,000 |
| CHARY | 8,000 | 2,000 | 667 |
| CTP | 1500 | 500 | 167 |
From the entries in Table 1 and 2 above, I am happy to see the tangible progress I have made in the last 10 days. Though the quantity some tokens have been invested more than others, it could be related to their prices and market economics over the last 10 days. It is always better to buy the dip.
I am deliberately sharing this pieces information daily to help Hive users and those yet to join see how much value can be drawn from here, especially when one engages the communities effectively. As soon as I reach my targets for these tribes, I will be making this kind of posts so sparingly. I wish we can all take advantage of this information which is instantaneous because the prices of cryptocurrencies are not stable.
Please know more about the tokens I am investing as follows:
- LEO - powers cryptocurrency and finance contents.
- SPORTS - powers sports contents.
- CHARY - powers charity and humanitarian activity reports.
- CTP - powers a community for affiliate marketers, online businesses and entrepreneurs.
I still hope that July would be a great month while we anticipate a bullish market. I'll do my best to engage the communities with posts as well as solid marketing activities.
Thanks for your supports so far and in the days ahead to complete July.
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Disclaimer: In all, the above are my personal views about HIVE tokens that fuels my convictions to invest in the tokens. These are not investment advice. Always make your research before investing in any cryptocurrency.
Kindly support my @hiveAid project with delegation, follow and reblogs as we aim to empower impact lives wit our cryptocurrency earnings.
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