I was fond of my Steen Engine wallet. Esp. after the PAL airdrop, several other airdrops and launches of new tribes with new instances of Scot Bot powered Nitrous front-end versions got me excited and kept me on my toes to keep following all the relevant updates.
I'm not the kind who will offload all airdrop tokens into the market as soon as I receive in my wallet. But with the flood of several new launches followed by several updates and then keeping track of the rates of all those tokens in their initial volatile phase ultimately got beyond my managing capabilities. It didn't take long when the ever increasing number of Steem Engine Tokens in my wallet finally started to stress me out. The sheer volume of information needed to be managed and to get acquainted with new projects bogged me down.
I was already trying to get rid of several altcoins I acquired through various airdrops, bounties or my own purchases a year before but was patiently waiting for a bull run in altcoins. If I count all the different tokens on different blockchain platforms, that will run into several hundreds! Frankly, I don't even remember names of most of them and don't know anything about their projects beyond their ticker symbol. So what's point in keeping all those in my wallet!
How much time can you spend on Steem blockchain? It's different for everyone. But everyone of us has some limitation and we can only be active in a limited number of tribes. I don't see any point in creating and maintaining 5-10 alt accounts to curate respective tribes for managing the optimum voting power and reaping better curation rewards. If you can do that, good for you but I've realized that it's not my cup of tea.
In fact, no possibility of managing your different voting power for the respective platform seems to be the biggest limitation of SCOT Bot powered platforms to me. Launch of SMTs can easily beat it on this front!
So I've decided to only hodl and power up those tokens where I'd love to curate content. All other tokens should be disposed in the Market unless I consider hodling those in anticipation of good appreciation in their prices. And if I'm hodling in anticipation of an appreciation soon then I shouldn't power them up and keep them as liquid.
I like the Steemleo community as it's knitted around money and investments. So who won't like to talk about money here! 😉 So I've staked all my LEO tokens. I keep staking them as soon as I receive some. I only realized this when a recent contest on it asked to send some LEO as its entry fee and I had none left as liquid in my wallet! Thankfully, it has allowed 5 days for submission. So I've stopped powering up to accumulate the required entry fee. :)
For PALnet community, I could never figure out the value in sticking to it. It just looks like an experimental demo for what Steeming would be like after the implementation of HF-21. Still I couldn't dispose it yet as PAL distribution has became a de-facto standard for many other airdrops. But I guess, it's going to change after the CCC drop as probably, it will set the new standard for airdrop distribution in the future. So I think, I should get rid of my PAL now. Similar is the case with NEOXAG.
However NEOXAG is quite new and should be given some time if they come up with some better ideas than just using a tag for any type of content. Why would one like to curate that tag!
Do you think NEOXAG or PAL's prices will increase in the near future? Why?
I also unstaked some of my MAPX tokens and sold. Will do the same with the remaining lot in this week. No point in burdening my mind with multiple projects even though it's slightly profitable.
I also don't understand the notion of miners and mega miners. What are these good for? I wonder, how do they contribute in the token economy or community! Curation through bots too can yield the passive income.
I do have some miners for LEO and GG. I bought them just out of curiosity. But I'd like to sell them off too.
Some tokens take a lot of time to unstake. Even though I didn't plan to curate gaming content, I staked up some GG as I think that these will take longer time to appreciate. But unstaking GG takes about 4 weeks. There are some tokens that take as much as 4 months. Now that's pretty long time if you're not seriously invested into those tribes.
I do check if the promoters of a token has some skin in the game. E.g. RORS' official account has about 200K SP in its wallet whereas projects like INT are looking to even raise the required 1000 ENG from their tokens to set up their Nitrous instance. So if I had to choose between this two, it will be easier for me.
But generally I'm in the state of confusion. So I'd like to ask you a few questions::
- What you guys are doing with all these tokens? Are you dumping immediately or hodling?
- Are you invested in any Miners or MegaMiners? Is that for mining or token appreciation?
- What major factors do you consider when investing and powering up a SE token?
Would you like to share your wisdom with me?
TIA!