Why I Hold 1UP, Minds, DAI, Hydro, & Bounty0x Tokens

By scottcbusiness | @ScottCBusiness | 1 week ago

$2.07 tipped


I hold over twenty cryptocurrencies so for the #ShowYouPortfolio contest being held on Publish0x, I’d like to focus on some of my tokens earned on Publish0x as well as two others I’ve earned on other social media blockchain integrated platforms. The five tokens I will cover today are 1UP, Minds, DAI, Hydro, and Bounty0x.

This screenshot only shows some of the coins we will be talking about today, but nonetheless, Blockfolio is my favorite portfolio tracker for cryptocurrency. My portfolio has gone up from 6,000 to where it is now in just under 2 months which is awesome as well!

Aside from the obvious reason that I earned all these coins rather than invested money into them, there are reasons as to why I have not sold them and decided to hold them.

1UP

1UP tokens are tied to the platform Uptrennd which is a great up and coming blockchain integrated social media platform that rewards users in 1UP points which can be converted into 1UP tokens and traded off of the platform. I just recently tested withdrawing some tokens and now have them held in my Metamask wallet. These tokens are useful within the platform for boosting and staking to improve your level and the amount of rewards you receive from upvotes. As these are traded on more exchanges, I believe their value will go way up. Until then I will continue to work away there sharing content and earning crypto for it. It’s an awesome platform, though it is no Publish0x.

Minds

Like 1UP, Minds is a blockchain integrated social media platform where you can earn Minds tokens for your content. Minds is similar in that you can use the tokens to boost content or withdraw them and trade them as you please. Also, similarly to Uptrennd, Minds tokens are not publicly traded on many exchanges, so their value is closely pegged to what Minds sells them for. Their really supposed to be a utility token used for boosting, but like Uptrennd, as more exchanges allow this to be traded, I see the value going way up. If not, they are still useful for boosting!

DAI

I’ve earned these all through Publish0x and have since decided to invest into DAI so I have a reliable stablecoin that I can use for small transactions when I need to and don’t have to be concerned with its volatility. It’s always great to hold a bit of stablecoin in your portfolio to really round it out.

Hydro

It has a great gasless payment network called HydroPay and I was able to earn quite a few through Publish0x. I’ve also interviewed their head of business development, Mark Anstead and learned a lot about the project that gives me the confidence to hold onto this coin knowing that it will likely go up as they continue to develop and improve the token and Hydrogen.

Bounty0x

Bounty0x was one of the first to give out tokens on Publish0x and is an awesome project as well. Airdrops and earndrops will always be a huge aspect of marketing cryptocurrencies and Bounty0x has provided a platform for people to track, perform, and put up bounties for people to complete empowering the users with more crypto and giving a marketing edge to the companies that participate. Otherwise, bounties are everywhere and very mismanaged, so the need for Bounty0x will likely remain and I see the coin going up in value so I will continue to hold it.

 

All these reasons mixed in with Litecoin and Bitcoin halving as well as Ethereum set to upgrade to Ethereum 2.0 soon, I believe that holding your tokens and cryptocurrencies is the best bet right with the coming bull run. So that is why I am holding my coins.

Thank you so much for reading this all the way through! Let me know what coins you hold in the comments and be sure to join in on the #ShowYourPortfolio contest.

Refer to guidelines - https://www.publish0x.com/publish0x-official-blog/giving-away-200-eth-join-publish0x-contest-authors-showyourp-xmknmp


scottcbusiness
scottcbusiness

I am a social blockchain enthusiast that blogs and vlogs on all the major platforms! I'm exploring blockchain technologies and applications, politics, philosophy, cryptocurrency, entrepreneurship, and more. https://www.scottcbusiness.com/


@ScottCBusiness
@ScottCBusiness

In this blog I cover a range of topics: philosophy, spirituality, motivation & success, social media, cryptocurrency, blockchain, news, politics, and more! I am sharing my journey as I discover new technologies and encounter new ideas as we learn together

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