SEED Holdings Report #31 - Keep humble, stack sats.
Hello everyone!
This market keeps eroding everyone's expectations. No worries, If you survive we will see each other on the other side of the tunnel, in the meanwhile, and from personal experience, the best is to keep yourself away from charts, try to have quality time outside of crypto, and most importantly, DCA.
DCA Bitcoin, DCA HIVE, DCA HBD... Doesn't matter, just DCA and keep your savings productive and your powder dry.
SEED as a project is running healthy although the token price has been falling, most of the damage is done in the overhyped FITFI which we can't sell anyway since it has a long-term vesting period, so, paper gains pumping up & down.
This past week decided to use our HBD stack (16K$) to load on a few things where I'm very interested (medium and long-term):
- Bought 5000 additional ORN at 1,5$ for 7500$.
- Bought 8000 AVA at 0,75$ for 6000$
- Used the remaining 2500$ to buy a Splinterlands License node.
- I'm not 100% sure if I mentioned it before but I've been DCA'ing into Larynx and bought 100K tokens. Avg price is 0,01 HIVE
Our portfolio stands as follows:
ORN
Developments on Orion Protocol has been intense lately, I believe we're near the inflection point and seeing the price at 1,5$ can't resist myself. If I was willing to buy at 5, why not at sub 2? This is one of those projects where the price doesn't matter after a certain point. It gets built or not, and with Orion, it's happening on a daily basis. This is a long-term hold.
Mark my words, We'll see ORN at +30$ again in the future.
AVA
Aw, my good ol' fren Travala. It has been a while since I don't own any but this one brings me a lot of good old memories. I bought teh first time for 0,1$ and ride it up to 4-5$ in the bull market.
The main problem is that crypto inflates/Deflates at a very fast pace and what happens with AVA is that there's a real business that needs to keep growing at a healthy pace. The business can't hold (at the moment) a price of 5$ but eventually will. At 0,5$ AVA the mechanics change.
With 5M$ in booking revenue monthly (& growing), the buybacks easily account for 100K$ monthly on the low end. Not counting other sources of buying pressure.
- At 0,5$ AVA we're talking about 200K AVA or 0,33% of the TOTAL supply (4% year) .
- At 0,25$ AVA it's 400K AVA or 0,66% (almost 8% yearly).
Think the price can fall much further? Think again. This is not 2018 for projects with real revenues flowing in.
Splinterlands License NODE
I missed out a lot on Splinterlands and nodes are a perfect opportunity to dip a toe in. Looking to set up a validator node for SEED. More on this later.
LARYNX
Still lots of uncertainties and a monthly airdrop which will keep the price at rock bottom for months. But the x100 potential is there.
Current SEED Stats:
Circulating Supply: 100.000 tokens (full released)
AUM Value (All assets): 170.000$
SEED BACKED Value: 170000/100000 = 1,7$ /SEED
170/11 = 15,45% MoM profit
Remember, this is the perfect time to accumulate, check your possibilities and DCA. Happy weekend!
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So you have been the one buying all the larynx :)
Certainly one of them! I'm noticing multiple accounts loading up big sums of larynx !
Where do people sell Larynx? I mean I couldn't find it over Hive Engine.
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https://spk.dlux.io/
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I thought it's only to claim it.
There is "DEX" option too, where you can put market orders.
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I see. Thanks
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@tipu curate
Upvoted 👌 (Mana: 13/43) Liquid rewards.
About 235k ava moved to community fund this month. I guess another similar amount for givebacks https://explorer.bnbchain.org/address/bnb1v6fhmhppe7073z8hsshxkdn6pc5jwp82a752xw
Not bad, just pointing your numbers are a bit on the low side :)
Exactly my point. If by buybacks alone we can talk about this buying pressure... what can not happen when we count the community fund which is being built by 30% of the net revenues every month. Then Smart members and market forces...
People are not aware of how really scarce AVA is.
I also prefer to be on the low side rather than over expecting.
A gayer hug my trumpy ;)
gay
Hey guys, great tips about DCA and diversifying, seems like you are building your positions nicely!
We a DeFi tracker app and we currently give much more details about farming yields than any other tracker in the market (we checked), it would be great if you can check out our app and let us know what you think!
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I'll check it, thx :)
I feel 365 million Miner tokens "Larynx" is actually lot .
Currently there is no clarity on rewards at running Node (or may be nodes are not doing break even and profitable)
Even at .01 Hive , it put market cap at 3.65 million Hive or 1.8 million USD in this bear.
I am feeling it is still over priced.
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Yes but when clarity is there, the sub 0,01 HIVE prices/ larynx will be long gone.
IMHO it makes sense to build up a position of a few hundred K's of larynx if you can afford to drop 500$-1000$ around (which is our case).
That is also right.
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So you were the one pumping the price of ORN then 🤔
Nah, not really :)
ORN is very liquid and also very difficult to pump and dump since it has multiple pools available ready to arbitrage ORN to it's fair price.
shhh is oke
:) keep that powder dry!
heard this one?
Disciplined and calculated decisions in a bear market separate the successful from the herd. Most people make foolish decisions when markets unwind. Having a plan and sticking to it is imperative.
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Sometimes it's hard to stick to the plan... but yes, I guess it's something which makes for a big difference over the long-term.
you mean 1 Hive per larynx token ? that would be some easy money
also would you recommend buying AVA at $0,1 again ?
IMHO AVA at 0,5$ is already a very good price... but dunno, I don't want to poke the bear.
1 HIVE x larynx is not that easy short term... but 0,1 hive... why not
I think AVA is looking quite nice and I do plan on buying some more if the prices drop far enough. It seems like a low-risk trade because the flights aren't going away anytime soon. People will always be traveling.
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That's it, a business with external & proven built revenue.
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Playing the launchpads does drama (in times of bears) to the portfolio value when including all the locked tokens. Similar things happened to my setup with the few launches I was in with TenseT. FitFi may be overhyped, but this one may do well when cryptos are done with the bears and let the bulls come and play again, whenever that happens. Orrrrr, FitFi is bypassed by others since m2e seems to be the new thing which will attract a lot of other projects trying to do very similar stuff. But what do I know :)
Are launches still happening?
Larynx: Still not 100% sure what this actually does. Isn't this token losing value over time; I mean, isn't the token representing a decrease of mining power over time? Anyways, need to read up on all this SPK stuff and how their tokenomics work.
DAO maker sources say they are receiving more requests than ever to launch using their platform but also that they're picking up less projects overall than ever. SO I expect fewer projects but with higher raises and more valuations. Currently, they've been halted (also to be expected).
Regarding larynx, it's currently a very speculative play for which I don't mind allocating a few hundred $$. We'll see how its tokenomics unfold :)
High raise projects are super indeed.
10Set is setting itself up for large projects as well. They will allow a few more subscriptions. It's their explanation that they cant get to larger projects when just having 10k subscription. Not sure if I shall believe them. That said, more subscriptions is good for the token price, though it may not be that good for the participation lot size. Lets see what this one will deliver over time. Also, the 10set team said they will continue launches even when we are in bear and even when some crypto winter will happen. Let's see how many projects want to launch under such circumstances though.