Zilliqa (ZIL) adventure is promising so far and I have snapped some good gains on it

in LeoFinance4 months ago

Zilliqa (ZIL) was an unexplored cryptocurrency for me and I have added it to my portfolio in this bull run after reading few posts on it and doing minimal research. Right after I invest I was doubtful that I made a good choice while there were so many others opportunities on the market. Without loosing too much time I seeked ways to put my ZIL tokens at work in order to balance any negative price and made a plan to decrease my risk. But some predictions that were thrown within the community come true and I feel a positive energy for my Zilliqa cryptos.

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My initial investment in Zilliqa was at a price point of $0.0813 and I have grabbed from the market 14,769 ZIL tokens. Few days after I have bought in the price moved up and down around this price and I felt a little bit discouraged. Did some reading about the Zilliqa ecosystem and decided to move and Stake my tokens for a 15% APY, which I consider pretty decent at this point. And to do so I have chosen Atomic Wallet where I saw that they have also a promotion of 5 AWC as One time bonus when doing a First Exchange to them and a rate of 17% for staking. Thus I have decided to buy/exchange also some AWC (Atomic Wallet Token) in order to benefit from it and got 132 AWC at $1.36 price per token.

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Zilliqa (ZIL) summed $1,200 initial investment for 14,769 ZIL. With the staked ZIL rewards paid into my wallet at the moment the total of my assets from my portfolio would be at 14,785 ZIL. At the current market price of $0.1158 that would translate in a return of $1713.28, a profit of $513 and an APY of 42%.
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Atomic Wallet Token (AWT) summed $180 initial investment for 132.43 AWT. I have staked all my AWT tokens and I will be waiting to see them paid into my account on a weekly basis. At the same time the 5 AWT bonus will be paid in the beginning of next month. At the current market price of $1.56 and considering also the bonus that would translate in a return of $215, a profit of $35 and an APY of 20%.
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I intend to leave nothing on the table and this is why when investing in a crypto I check some passive ways to increase my holdings (staking in this case) and also if there are any promotions to choose one platform or the others. I try to stay with my feet on the ground and I am aware that we are in a bull run and it might be easier to hit a good investment by mistake, but I think I did a good investment here. We are all trying to build for the future, some are thinking that the bull run will never end but in a corner of my mind I am aware that we'll get to an end with all this increase all over the market. Now when that will happen is another story, but meanwhile I am trying to grow my cryptocurrencies in numbers and think if/when to exit some of my investments.

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I'm a big Zilliqa fan for some time and I mining it with my ETH rigs! Staking most of my tokens and accumulating...

Don't forget that by staking tokens, you earn gZil (governance token) also and they are veeeeery scarce... and literally, double that 16-17% APY....

That is some good information I didn't know about. Is it enough to get gZIL by staking on Atomic Wallet or do I need to do that somewhere else?

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Not sure about Atomic Wallet... I do everything directly on https://stake.zilliqa.com/

Through there, I pick the best rate and stake there... For example, I stake at CEX.IO, but I don't do that on cex, but on this website... All are directly connected with my wallet... my keys, my crypto :)

When you first time do the CLAIM of rewards, you should see if you are getting gZil or not...

I'm also using https://zillet.io/ for checking balance, sent tokens, etc.. ;)

Cheers!

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Great information and much appreciated for it! I'll need to change the way I do things, let me first make a new wallet and start my rig and see how it does.

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Don't forget that it can take 2-3 weeks to unlock ZIL!

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That indeed is true, I've read about it and considered good enough. I am thinking if somehow the price will improve if I should sell and recoup my investment or if I should let it grow and enjoy the ride...

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I think we should keep it !!!

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Did you get gZIL from staking in your atomic wallet ?

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I assume not, but will need to check that more thoroughly. If not maybe I need to stake somewhere else.

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I’ll check too because I stake my ZIL on atomic ;)
I’ll keep you posted if I find something

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In order to get your gZils you have to claim the rewards in Zil. At least that's how it works in Moonlet.

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That makes a lot of sense as I never claimed rewards in ZIL yet.
Thanks for that, I can't verify it as my rewards are still too low :)

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If the amount you staked is low then I suggest you to wait until you get a decent amount of rewards. Anyhow, staking small amounts is not recommended because you'll have to pay more for fees than you ever can make.

Oh man I wish I had more 0's on my accounts haha.
But you're absolutely right and for the small amounts I usually use Binance staking which is free of fee. At least until I get enough coins to stake somewhere else.

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When I read posts like yours I always tell myself that I need to start learning about other cryptos besides Hive but then I always run out of time.
Congratulations for your investment and thanks for this very interesting post.

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Sounds like a tropical virus haha.

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I remember when they didn't their social media campaign I got some for performing some tasks. Can't really remember what I did with them or if I even sold them. Having coins all over the place can make it difficult to manage. Well, I wish you great gains in the long and short run. Cheers!

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