It's no secret that I have invested US$1700 into smartBCH thus far. I have no intention to pump in further capital based on the disappointments I have faced from the performance of multiple projects. As a victim of an abandoned NFT project (Cattos) and a rugpull (PixsRPG), as well as with token prices down by 80 - 90%, I have had enough. The only thing to do is just to HODL and wait for the prices to recover and NFT projects to develop and deliver. If there's profit, well and good, but for now, disheartened is a mild word to use on my current sentiment. I am assuming that I have burnt my entire US$1700!
Obviously, this is not the case. This is only paper loss until and unless I withdraw by selling all my smartBCH assets. And as I mentioned in my previous article, of all the shitty projects, I do have a finger in some winning projects. Here is the NUMBER ONE project, in my opinion: Goblins.cash
About a month ago, I won a Twitter contest organized by the Goblins team, with a prize of 0.5 GOB. I staked it, you can read it here: New Passive Income Streams, and have since enjoyed compounded interest every 8-hourly cycle (3 times daily). My staking began on the morning of 30th March. Today, 2nd May, my 0.5 GOB is 1.0 GOB! Yay, congratulations to me.
GOB price was $60 at its launch at the end of February, and quickly rose to over $600, more than the price of 1 BCH at the time. The price retraced to $90 but rose a little and maintained at $132 at the time of my staking. At this time of writing, GOB is priced at $115.04, which means that I have earned $57.52 passively without doing anything at all!
According to the tracker, anyone who staked 1 GOB since the beginning would have grown the 1 GOB to 6.52 GOB to date. Will my 1 GOB become 2 after one more month? Wooeee I sure hope so! Praying that GOB maintains its value over time, too, despite the current bear market.
Besides Goblins.cash, I am also invested in SIX NFT projects with staking capabilities that are earning me a passive income even as I sleep, with NO management required, except harvesting as and when I feel like it. To learn about these SIX NFT projects, you can read this article: 6 smartBCH NFT Staking Projects I'm Invested In
Do take note that even though I am super bullish about these projects, there are the inherent risks involved when we are staking out of our wallet. You know what they say about not your keys, not your crypto? Yeah, it applies here as well, so do your due diligence and ONLY invest what you can afford to lose.
This is the reason that I have yet to find something as solid as Proof of Stake tokens, such as ADA. Well, there is a list but I am only invested in ADA, so I can't speak for the other projects. However, I do love the concept of keeping the crypto in my own wallet and yet receiving my rewards every epoch.
What beats ADA, to my knowledge is CoinFLEX's FlexUSD, which rewards holders with interest every 8-hourly (3 times a day) cycle AUTOMATICALLY without having to harvest the rewards as we have to with ADA. With CoinFLEX which also supports smartBCH network, our rewards are sent to our wallets wherever we keep our tokens, including Metamask and Bitcoin.com. I touched on this in New Passive Income Streams also.
*This article was first published on 2nd May, 2022 on read.cash. The current price of Goblins.cash is $81.11
