Hey All,
I am part of the Team3D project for Years now. Started with a small investment that too where I had booked profits from one crypto project and had redirected some funds to Team3D project & its token $VIDYA. A brief note associated to $VIDYA and team3d is as follows::
What is $VIDYA token All About::
- $VIDYA is your another option for DeFi to Gaming
- FPS [First Person Shooter] Game released aka Aimbots; which a fast-paced, free-to-play FPS with web3 cosmetics
- Full-suite decentralized applications and Web3 games
- Play & Build your own games on the VIDYA platform
- PROGRAM: MULTIPASS; which is at experimental stage and is new concept where NFTs are backed by Ethereum which can be redeemed at any time by the owner
- VIDYA FLUX; stake just VIDYA tokens to receive rewards
- Generator Program - where you lock/Stake your $VIDYA tokens or provide liquidity in the Generator and earn rewards from platform and exchange activity
- And there is much more like Fabricator, Merchants etc etc..
In this post I want to specifically talk about my stake in VIDYA FLUX and should I be exiting from here or not. As you can see from the above image I have close to 23K+ #VIDYAFLUX tokens staked and my stake percent is 2.86% at the moment. Staking #VIDYAFLUX tokens generates passive $VIDYA over time and it can be redeemed or withdrawn at any point in time. The current dividend that is ready to claim is 855+ #VIDYA tokens, which I can either reinvest or withdraw.
At the moment there is not much activity on the #VIDYFLUX DeFi system and hence I was planning to exiting from here and keep $VIDYA token as liquid. If I sell all my #VIDYFLUX tokens I will 22K+ $VIDYA tokens and will need to shed a fees of $6+ in $ETH as well. I loosing 1K+ $VIDYA tokens here, as I started with converting 24K+ $VIDYA tokens to #VIDYAFLUX and now when I am converting them to $VIDYA I am getting only 23K+ $VIDYA tokens; so its overall loss of 1K+ #VIDYA tokens. For now I am exiting #VIDYAFLUX and will see if its worth entering their Generator Program which I'll talk about in my future post. Here is a snippet to Generator DeFi and APRs associated to it when you stake $VIDYA alone or with a pool of ETH/VIDYA which has an APR of above 24% at the moment.
Finally some words on the $VIDYA token economics. It has a very thin supply i.e. 50 Million $VIDYA tokens will be in circulation - Yes that's the Total supply of $VIDYA tokens. Earlier, I did book some profits here and still have a bag of $VIDYA tokens close to 60K+ tokens here. The plan is to stay invested as I see huge potential in the GameFi space, so in no rush to off load all the $VIDYA stake I have BUILD over time. Finally; I would like to wrap this blog post with a famous note on Investment; which goes like this:
Investment has a Risk BUT for a Better Tomorrow...
Invest wisely and without taking risks you cannot expect to get high returns.. Higher the risk - higher is the profit. This is what I learned in my school in economic class lessons. :-) cheers..
Have Your Say on VIDAY token
Have you heard about this project VIDYA? If Yes, what do you think about the project and its near future? Would love to hear your views/thoughts on #VIDYA DeFi to Gaming
#vidya #strategy #team3d #gamefi #defi #rewards #liquidity #build #hodl #stake #investment
Is it Time to exit my Investment from VIDYAFLUX - Team3d $VIDYA Project - My Strategy Ahead...
Best Regards
Image Credits:: team3d, vidya games