Investing in DRIP token - making use of idle time

A change needed to show further growth


In this time where things have been chaotic, health issues have risen and things have changed.. a little while ago I made the choice to power down the Hive to ONLY invest in DRIP token in order to grow it which includes towards having more Hive in the long run, to put back in to the @orionspeakgaming accout.

I have taken the same simple spreadsheet with calculations as I used for my main account which you can see below what I have done and the tokens purchased, by using the Hive I powered down as it puts it to better use until I earn more to put back in down the track.

As you can see, there was a patch with the same compound amount which was due to me forgetting to stake it every day as I wasn't used to this account having it yet haha!

So in the next buy I believe I factored it into the spreadsheet to continue from there. Then I sent enough from my account to buy another 10 DRIP the next day so I could add extra to slightly boost the incrementals every day, then adding yet another 11 bought ready for the next cycle to be sent out.

With those purchases plus the small bit gained, the account is sitting at 41.453 staked, which since starting and with forgetting to staked the daily drip amounts for about 5 days.. the account has gained 0.32737 DRIP so far which is going to shoot up as you can see, with the spreadsheet showing a now daily gain starting with 0.10369692.

The daily swap.hive reward is the other side of the rewards for staking the DRIP token and at the start of September, the second increase happened in how much it pays per token. It rose to 0.00029 swap.hive per day per DRIP from 0.00028767.
With this amount, the daily amount the orionspeakgaming account will get is 0.01202137 swap.hive a day with this ever slightly increasing, when I keep staking the daily amount earned.

This is not financial advice to if you should invest yourself as you always need to do your own research. I am making use of it myself as I believe in the project and will be compounding as much as possible of the token for both accounts for a while.

You can find the most recent Hive DRIP post here from @hivedrip which links previous posts, allowing you to have a look at what has been happening, updates and much more surrounding the token!

Posted Using LeoFinance Alpha



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5 comments
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The rewards certainly seem pretty epic. I've also got a small amount (a little less than you), and I'm aiming to buy some more.
!ALIVE
!PIZZA

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@orionspeakgaming! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hoosie. (2/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.

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It's this first year with the much better rewards, no doubt there is a chance they are lower down the track but if they do really well then we all will do much better!

It's just a nice way to sit back and come on once a day, stay the lil bit of DRIP you get and wait for the next day.
Enjoy your rewards and good to hear you are looking to buy more.

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