Hive Power Up Month | January Complete
Hi all,
Today I finished the hive power up month january #pum.
The goal of this challange was to increase your hive power every day of the month with minimum of 1 hive (/ day).
I decided to start with 10 hive (due to #PUD on the 1st of the month) and increase the amount of hive I powered up with 0,1 every day.
Table below shows my progress during this challange.
In total I powered up 356,5 Hive in January. Which is awesome as getting more hive power was 1 of my goals for 2025.
Reflections:
The #feedback I got for the wallet interface is that it is easy to accidently "transfer to savings" rather than "power up" which you do not see right away as the transaction overview looks almost the same. it might be helpful for new users to have that "transfer to savings" not right next to " power up" (especially since you don't get interest on the hive saving account.
Furthermore, as I am still discovering here I might just not have found the right paths but.. I can’t understand why it is so expensive to wrap/deposit/withdraw hive from hive-engine.
Please note - this is by no means intended as a stab to the current service suppliers (they just provide and get what people are willing to pay for it!
The fee up to 0.75% might sound like nothing, but one of Hive’s selling point is no fees. I understand it is a service provided - so a fee to reward the service provider also sounds fair. But I also feel this might be a barrier to enter the ecosysteem for short term profits.
So I don't intend this as critism towards the service providers but much more a call the community to provide an more steemlined alternative.
#askhive #askinleo How do you all view this?
Future plans!
I did liked participating in this event. I will try to go for a year round event and continue to upgrade everyday!
Posted Using INLEO
Dedication!! 💯💪🏼
As for the fee, not sure what you mean. Can you elaborate that one?
!BBH !hiqvote
Thank you!
On the fee - I feel to have an optimal experience (and have access to all tribe tokens and pools) there is no way around to hive-engine / tribaldex. In order to get new capital in/out you will need to deposit and you will lose (2x) 0.75% deposit / withdrawel fee. Which is fair play for hive-engine but for the community I feel this is also holding us back. As a relative new investor I tried to onboard some friends from cosmos, but I have trouble explaining why their starting capital would lose 0.75% value before they even started (on a network where a main selling point is the lack of fees).
I used beeswap, bswap, uswap and direct deposit into tribaldex. All great services, but still in my opinion a suboptimal solution to get funds in/out. While getting funds out of tribaldex on a daily basis to participate in the challenge - I do feel this is something that could be better (again not pointing fingers to any service provider - but more an opportunity for the community to remove an entry barrier)
!lolz
lolztoken.com
Because it was 2-tired
Credit: reddit
@caspermoeller89, I sent you an $LOLZ on behalf of rainbowdash4l
(2/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
You can check out https://beeswap.dcity.io/convert
They offer sometimes a bonus for swapping.
@caspermoeller89, the HiQ Smart Bot has recognized your request (2/3) and will start the voting trail.
In addition, @rainbowdash4l gets !COFFEE from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
Congratulations @rainbowdash4l! You received a personal badge!
Participate in the next Power Up month to get another one!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Congratulations @rainbowdash4l! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts: