A million SPORTS token staked
I believe I reached a huge milestone in crypto where I actually have a million of a token. This token happens to be the SPORTS token and I have 1 million staked. I honestly thought my Starbits would get there first but my efforts in the SPORTS community has paid off. I reached 100k over 2 months ago and did not expect to reach my current stake so fast.
What is SPORTS?
Sports is a community where you can discuss anything sports related. You can find the front-end here. I think its a place with potential and it is also one of the oldest tribes. The lack of development on the proposal and development end has made some controversy about the future of the tribe. But I do think it does have potential to be much better as there are sports lovers all across the world.
SPORTS token
There is a 2nd layer Hive Engine token for SPORTS and you can trade it on Hive Engine here. As of right now, the value of 1 million SPORTS token is 163 HIVE and the current price of HIVE is $0.668 for a actual value of $108.88.
In order to increase my curation rewards, I have staked 174k SPORTS token today and that has pushed me past 1 million SPORTS staked.
Ways to earn SPORTS
As of currently you get rewarded in SPORTS for posting and curating content in the SPORTS tribe. My main way of getting SPORTS is to do Actifit posts and commenting on the SPORTS front-end. As of right now, I can earn over 272 SPORTS for a full upvote at 97.6% voting power. Half of this will be rewarded to me after the post pays out so I will receive 136 SPORTS token afterwards.
I participated in @amr008's engagement project and have received some rewards for it. Read this post to learn more about it. This encourages people to comment through the SPORTS talk front end. It will help our community by increasing visits to the actual site and increase ad revenue. You can see that the community got the first payout and we will later get to decide where this is used.
Conclusion
The lack of proposals happening may hurt but I do think this community has a future. So I will continue on posting and commenting while building my stake for these upcoming proposals. Staking SPORTS will help you earn more tokens as you compound your earnings and if you don't want to curate, you can delegate it to @amr008.sports for dividends every week. I believe it has the best APR currently out of any SPORTS delegation project currently.
Please feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.
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It is an impressive landmark and sportstalks is a welcoming community. It is one of the tribes that has more movement and it helps that sport is something universal.
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Yea I believe that the universal lovers of SPORTS have no reason to reject this token and I also hope the proposals continue soon.
!ENGAGE 20
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ENGAGEtokens.Your current Rank (25) in the battle Arena of Holybread has granted you an Upvote of 29%
How much your sports tokens worth
It was mentioned in my post. I hope it helped you figure out the price.
!ENGAGE 20
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Woah that's pretty good. I've some sports in my wallet looking forward to get more 😎
ENGAGEtokens.Not many proposals coming through is the major cause of concern for all those early adaptors who have left the platform and gone away from this platform
Yes and Patrick has been kind of busy lately so I haven't really seen him around much.
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!ENGAGE 20
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ENGAGEtokens.That is awesome news! Congrats on the accomplishment! Definitely something to be very proud of. I enjoy the sports community. I am not as active there as I used to be. I stopped doing my Actifit posts a while ago because the return just wasn't that great. It was a ton of work for little reward. Especially since I would write a full post and not just put up a picture of my activity like some do. Congrats again!
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My Actifit reports probably spend about 5 minutes of my day since I try not to make it too long. Just a small report plus maybe some updates on the WAX side of the block chain.
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!ENGAGE 20
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ENGAGEtokens.Your next goal will be 1,000,000 STARBITS in Hive Engine! 😅
Its on track right now. I am 936k Starbits in total right now. Its too bad the starbits price isn't dropping back down since I have buy orders to buy up over 100k of them if they dip. I guess I won't be making it in time for tomorrow.
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Since I am currently earning an average of 10,000 STARBITS every roughly 2 days, it would take me roughly 200 days just to earn 1,000,000 STARBITS! 😮 I assume that buying a 3-Card Pack immediately as soon as I reach 10,000 STARBITS would help me more in the long run, rather than saving up for STARBITS Millionaire. 😀
Lol. I think I would save more by going for the 1 million starbits. My earnings may not of went up as much but I did convert some VIBES to buy some starbits.
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Maybe you'll make a "final push" for the 1,000,000 STARBITS by converting all your unstaked HIVE and Hive Engine tokens. 🤔😁
I am debating about it but the first few days of the months are bad because of the new cards. There is a ton of buying pressure around that time.
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I am unaffected by "buying pressure" because I only open 3-Card Packs! 😅
!ENGAGE 20
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ENGAGEtokens.That is so cool @jfang003, you are a Sports Millionaire now. Many congratulations!
If I am not wrong, this was one of your goals to achieve this year, right? Anyway, it's a great milestone.
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Yea I am s SPORTS millionaire but it feels like of cheap right now since its only around $100 lol.
My goal was to get 2 million by the end of the year but I didn't realize that I was getting way too much during the past few weeks. So I think I will probably surpass that by the end of the year if I continue my commenting and posting.
!ENGAGE 20
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Awesome!!! $100 is not a bad deal at all. If you turn it to 3x or 5x by the end of the year then it's worth it.
All the best J. You will definitely achieve & surpass the goal. Just keep doing what you are doing.
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Yea right now SPORTS isn't worth much but it does add up over time. It would be funny to see a $0.01 SPORTS as that would mean I would have $10,000 lol. I don't think it will go up that far though because of the high inflation rate.
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Man, that would be so cool if hits $0.01. But as you said, it might not. Also, there are so many coins to be issued. Do they support Token Burning?
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I think there was an account for burning but it wasn't really used. It was also suggested that the ad revenue can go towards burning the tokens.
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ENGAGEtokens.Good!.. awesome! Congrats @jfang003!
Thanks for dropping by
!ENGAGE 20
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Of course, @jfang003!!!
ENGAGEtokens.Great achievement imagine if the value goes up to $1, you would be a millionaire!
I don't think the chances of that are likely but it would be great if it did.
!ENGAGE 20
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ENGAGEtokens.