My $WAXP Investment - Where does it stands Today...

over 1 year ago

Hey All,

Its been months that I didn't touch my $WAXP rewards and thought to revisit and see how things are looking at -The** Worldwide Asset Exchange**, is also known as WAX that has emerged as a popular blockchain for non-fungible tokens (NFTs). A bit more on the WAX blockchain it is also known as "King of NFTs.” and is a blockchain specifically made for trading virtual items which are rare, master pieces and at the same time are collectible items. We even do have many of our HIVE Blockchain associated NFTs listed out there on Atomic Hub Market place and one of the famous one is the @Splinterlands collectables can be traded there as well.

As you can see I have 26+ $WAXP to be claimed and another 406+ liquid $WAXP available which is worth $16+ dollars. The current trading price of $WAX is around $0.04+ cents so my overall investment worth is around $422+ (10565 * 0.04). And to be honest I had made this investment long time back and now just continue to revisit the WAX platform to check the staking rewards and restake them back.

Hot NFTs on WAX...

This time when I visited my WAX account there has been a lot of changes to the UI. The entire UI/UX experience has changed and there is a lot to explore in there. I like the display of the Hot NFTs on WAX being displayed which their total items marketcap in $WAXP along with total items traded - Alien Worlds is the leading project out there followed by Dungeon items and so forth.

If I can recall earlier the staking APR was much higher but now the estimated APR is above 7%; which I feel is not that great. Just that I have been invested in the project for long I had no intentions of leaving. But this low APR makes feel that I should be taking some actions - may unstake my $WAXP and redirect the funds here on HIVE Blockchain where the APR yields are much better. I had invested into WAX for diversification perspective but for now I would just leave the investment as is and maybe revisit again later and then take a final call as to what should be done next - exit WAX or not?

Finally, I'll continue to remain invested in $WAX and will be redirecting the staking rewards back to the staking pool. I had sold many of my NFTs on the Atomic hub and had redirected $WAXP to the staking pool. If I am lucky to sell my early collection of #WAXNFT then I would be using that money to buy in the new collection of NFTs from vbot collections; at least the plan is to have 5 rare vbots collected.

#waxp #wax #nfts #staking #rewards #nftcollection

Image Courtesy:: wallet.wax.io, atomic hub, twitter