Hey All,
Its blood bath all over the markets. May it be financial or Crypto both are taking a heavy beating. India stock market SENSEX is down 700+ points and NIFTY is down 220+ points. Our crypto market is down 6+% and with this down fall the overall crypto market as per cmc is $1,044,604,788,450.606 as of writing this article.
Crash in the markets are opportunities that makes available your favorite coins at a discounted price. I recently started following $KUJI coin and did make a small investment as well into it. Today seeing it down like 16% and trading for $1.4+ I thought it would be nice to invest some dollars like $100+ more.
The other day, I did buy in $KUJI for $20+; and I got 15 $KUJI tokens and had staked them all to the validator - polkachu. The plan I have is to take my stake level to 50 $KUJI tokens and have somewhere around 100 $KUJI tokens as liquid. Therefore keeping my plan in mind, I decided to buy $100+ worth of $ATOM and exchange it for $KUJI on Osmosis platform.
With a couple of minutes, I was able to move 10 $ATOMS to my Cosmos wallet on Kepler. And from there I transferred 10 $ATMOS to my Cosmos wallet to exchange $ATOM for $KUJI. I got close to 70 $KUJI and with this trade I now have 90+ $KUJI as liquid. As, I have been also swapping my $EVMOS daily staking rewards for $KUJI. Will continue to do so for another two days, until I reach my target of having 100 $KUJI as liquid tokens.
With regards to staking $KUJI, I now have 20 $KUJI staked. There is no plans to further increase the stake. But may be will revisit after sometime and see if things are favorable here on the $KUJI platform to further increase the stake to 50 $KUJO tokens.
Image Credits:: cmc, coingecko, moneycontrol, osmosis, kujira.app,
Best Regards
