Joining the DAB pre-sale

I have been following the @spinvest and @brofund projects for a while and I saw that they made a new token for people to get invested in. It took me a while to go through and read through the information before deciding to get involved. I trust both projects and I am not sure where the project will go, but there is room for everything. I think the plan they follow is fairly solid. Waiting out for the token to drop means I missed out on some of the first few days of returns, but I still think it will be profitable.

DAB

Above is the diagram of how things work in the pre-sale announcement. This means that they will power up Hive and then delegate that Hive power out to two different accounts for LGN or BRO. These LGN and BRO are then sold and 80% goes to the holders while the other 20% goes towards improving the HP of the underlying account. This model looks sustainable and I don't see any issues with the way it works on the Hive blockchain. The goal of this is to slowly drip Hive to the investors over time and I don't mind seeing myself get some drips each day.

One thing to note is that the earlier you stake the DBOND tokens, the more returns you get. The DAB APY will be going down slowly over time as the pool of rewards released daily is fixed. The only thing that really changes is that the number of DAB tokens increases over time and this means that the APY will also go down. So it's best to get in earlier rather than later. The first day is projected to have a 14,603% APY and day 10 has 2,657% APY. I may have missed the first few days due to missing out on the first presale, but I can get in on presale 2 before it ends. This means that my APY will start on Day 5 rather than Day 1.

Tokens

There are two different tokens according to their the pre-sale announcement. There are the bonds that will generate DAB tokens each day and the DAB tokens that will return Hive drips each day. The model is quite interesting and it's a two-step process to earn rewards. The pre-sale token is basically just a miner for the DAB token.

Strategies

According to the pre-sale announcement, there are two different strategies for people involved, they can be passive or active depending on how they want to stay involved. The red path is the passive route which is explained in the box to the left. Your returns should stay the same as drips even if you do nothing. On the other hand, if you want to get more involved, you can convert your daily earnings into DBOND tokens and stake them to mint even more DAB each day. This is the path done through the black path on the picture and explained in the right box.

Future things about DAB

They have noted that there could be more plans for new tokens or NFTs. So things here might change over time, but I do find it interesting that they plan on gamifying things. I am interested in seeing how all of that will play out though.

My investment

I have sent over 100 Hive over to the @dailydab account and I will be waiting for my DBOND tokens. It's an interesting model and I think it's worth the investment because I think any source of extra passive income is good. I am not sure how good the returns will be compared to the 20% HBD interest but it is all done in Hive. So I can still get the upside of Hive if the price appreciates.

Conclusion

With that out of the way, I have invested 100 Hive into the Daily DABS token and I look forward to how things go. They do have a solid plan but I don't know how the returns of DABS will be yet. Only time will tell how good the project is but I do trust in the people running the project. I might have missed the first round but I still think the returns at the start will be quite good. With 100 tokens, I think that I should be able to mine a few DAB tokens before the APY drops too much.

Have you invested in the Daily DAB project?

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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