Providing Liquidity Just Got More Lucrative With The BXT Token

avatar
(Edited)

Screen Shot 20211126 at 7.10.51 PM.png

I freaking love crypto.

There is such a rush to create value in order to absorb the ever growing supply of new resources coming in from the old world that there are opportunities everywhere. Stacking crypto on your crypto on your crypto is becoming common place.

One of the newest tokens in the Hive Ecosystem that helps us do this is the BXT token from BeeSwap.

Staking your BXT token makes you eligible for your share of 50% of the all the swapping fees collected by the BeeSwap DEX and so far it's a huge hit.

On November 11, Beeswap did an airdrop of the token. I was given 2.23 tokens which when I noticed them were worth about $25. Now just two weeks later, these 2.23 tokens are worth $105 USD. Not a bad little free airdrop considering I wasn't aware of it until it showed up in my wallet.

Screen Shot 20211127 at 12.55.06 AM.png

While I knew there was a plan to give them to liquidity providers in certain pools, I was pleasantly surprised when I opened BeeSwap today to see my already incredibly lucrative DEC:swap.hive pool was now tacking on 42% APR worth of BXT tokens as well.

Screen Shot 20211126 at 7.26.50 PM.png

Like most pools do, this pool already pays out a portion of the fees from people swapping hive and DEC.

But this one also:

  • Adds 1% to your shares every day which rewards long term participation by giving you a larger percentage of the pool the longer you stay in.

  • Gives you double points in the SPS airdrop for your DEC (which gave you more vouchers).

  • Gives you a pile of bonus tokens.

and now...

  • They are throwing in the very valuable BXT tokens every day which not only pay you to own them but have been going gangbusters for weeks now.

You just can't beat it.

Lately I've been thinking a lot that trading crypto is a waste of time and energy and profits. Just stack assets that give you more assets that give you more assets and hold forever.

The BXT token is just another reason to do that.

Screen Shot 20211127 at 2.02.58 AM.png

Posted Using LeoFinance Beta

leofinance broadhive spt proofofbrain neoxian cent battle archon pgm hustler
0
0
0.000
18 comments
avatar

Lately I've been thinking a lot that trading crypto is a waste of time and energy and profits. Just stack assets that give you more assets that give you more assets and hold forever.

Same as the mindset of buying for price rises and selling your assets.

You now should be buying to stack and create an income from those original assets which you no longer have to sell.

I fucking love crypto too haha.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Right?! It took me a while to get out of the buy low/sell high mentality I picked up by trading stocks for 20 years. Crypto is a different beast with different strategies and I have a lot of thoughts on why and all the good and bad that comes with it.

I've sat down to write about it a bunch of times. Hopefully I'll get it out soon.

!PIZZA

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar
(Edited)

PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
imno tipped successforall (x1)
@imno(1/9) tipped @wine.bot (x1)
imno tipped forexbrokr (x1)

Join us in Discord!

0
0
0.000
Reply
avatar

!WINE
!LOLZ
!PIZZA
testing

0
0
0.000
Reply
avatar

lolztoken.com

Knock knock...
ERROR: Joke failed.
@imno, You need more $LOLZ to use this command. The minimum requirement is 8.0 LOLZ.
You can get more $LOLZ on HE.

0
0
0.000
Reply
avatar

Thanks for sharing. I have no idea why and how I got them. 1.856 BTX = 108 US$. Now I go and stack them to get more.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

There was a post I found after I got them that said they were going out to a few thousand people using different parts of hive. I think a bunch went to splinterlands players for instance. Not sure how they determined who got how much or any of that though. Still, great coin and they gave me hive today for staking it :)

!PIZZA
!PGM

0
0
0.000
Reply
avatar

Sent 0.1 PGM tokens to @imno, @successforall

remaining commands 8

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

image.png
Discord image.png

0
0
0.000
Reply
avatar

I've written about "dripcoins" a few times. I love them. UTOPIS, LBI, BRO, INDEX, LIST, DHEDGE, and more, all pay you in other tokens just by owning them. And many of the tokens you get from the drips also pay drips. It's a beautiful thing!

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Yeah. Drip coins are great! I have a few and like you said, I got most of them from holding other drip coins. Mainly Utopis.

!PGM
!BEER

0
0
0.000
Reply
avatar

Sent 0.1 PGM tokens to @imno, @dagger212

remaining commands 9

Buy and stake 100 PGM token to send 0.1 PGM three times per day,
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

image.png
Discord image.png

0
0
0.000
Reply
avatar

You are killing it on the rentals.

Congrats.

0
0
0.000
Reply
avatar

Thanks. My next post is about the exact opposite though. This is the lowest daily dec number I've seen since the end of July when I had 1/3 of the cards I have now and barely anyone was using the rental market yet.

The rental market is in trouble.

0
0
0.000
Reply
avatar

Congratulations @imno! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 1000 upvotes.
Your next target is to reach 1250 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 29
Hive Power Up Day - December 1st 2021 - Become an Orca!
0
0
0.000
Reply