Hive-engine discounts: POSH, SPS and LVL

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avatar of @belemo
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a year ago - 4 minutes read

hive engine collection.png

I'm always open to adding to my collection of tokens on Hive. Some of the tokens are from fully functional projects while others are in development.

The beautiful thing about a lot of hive tokens right now, in particular, is that they're all dirt cheap these days. All you need is a couple of hundreds of dollars to become a mega whale.

Honestly speaking, if I had a couple hundred of dollars just laying around, I'd probably buy up tons of most tokens on Hive-engine and then just wait it out. Whatever requires staking will get staked and I could eventually be the sugar daddy on that platform.

Sadly, I'm very poor these days and that hasn't let me invest in anything. My post rewards have also taken a turn for the worse and despite my efforts, there doesn't seem to be any hope in sight.

Unlike previous months of less bearish situation, I often had a decent amount of spare cash to burn and just throw at random projects in Hive. Things are different now.

So with the very limited funds at my disposal, I went into the token market to scoop up some cheap tokens and bolster my collection for the future. Here's what I managed to add or will be adding;

Juicy SPS

Virtually everything is taking a beating in the market these days, and SPS token is not left out. An asset that has the potential of trading at $1 is currently trading well below 10 cents.

At the current price of 5.6 cents, all it takes is an investment of $56 to get 1K tokens. In the general scheme of things, that's not a lot of money but right now, that's plenty.

I've had my SPS tokens staked for a while now, and it has been earning more SPS yield that has largely been restaked.

After my recent purchase of SPS through Tribal dex, the total staked tokens in my collection rose to just a bit above 16K tokens.

With the airdrop slowly coming to an end, I suspect that SPS might still experience a minor surge in price. It might not be anything collosal but if you're a trade swinger, you could squeeze something out.

Personally, I intend to leave my SPS staked until further notice. I'll just continue printing more tokens through staking and taking it easy until something serious happens.

POSH is interesting

POSH token is one of the interesting projects on hive. The token represents proof of share, and all you need to do is connect your Twitter account to your Hive account through the HivePosh website.

I've been with the project since the beginning, and since I spend a decent amount of time on Twitter, it has helped me accumulate a decent chunk of tokens.

At the time of writing, I'm somewhere in the top 12 of POSH token holders. However, I'm not exactly satisfied with my current holding.

A big part of my hive based investment choices is often based on the quality of the head behind the project. As you may or may not know, POSH is the brain child of @ocdb community lead by none other than @acidyo, so that gives me confidence.

I've heard whispers about a project emanating in the background, with "POSH NFTS" and stuff like that bandied about.

All I know is that I want to be a part of whatever comes after and so I need to get more POSH. Obviously, being poor doesn't help my cause but that notwithstanding, I still put in a small buy order for Posh tokens and will be adding more to my collection whenever life permits.

Had to LVL up

Last and not the least on the list, we have LVL tokens from PsyberX. I've mentioned it so often that immediately I type LVL my keyboard suggests PsyberX.

One of my targets has been to get up to 200K tokens and be eligible for the crate airdrop. I'm pleased to say that I'm one step closer to that goal.

I recently added a further 68K tokens to my collection, getting my total holding to 168K LVL tokens. All things being equal, I should be reaching my goal before the end of the month.

PsyberX is the only investment of the lot that is from a project that isn't fully functional. However, I must say that I think it is going to be huge.

In any case, I'm gambling with funds that I can afford to lose, even though it'll hurt if the project goes tits up. I intend to accumulate a decent chunk of LVL tokens before the full release of the game.

Tokens Tokens Tokens

On top of these ones, I'm also still accumulating and staking as much Leo, POB, VYB, CTP, and Neoxian as I can.

Bar Leo token, I've not actually entered the market to buy any of these tokens. In a different times I probably would have but now I'm just too damn poor to be risking it.

In any case, I'll keep my head on the swivel and try my best to pounce on any opportunity that presents itself.

Disclaimer: This is not financial advice. Do your own research and only trade with what you can afford to lose.

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