Scarcity and Use Case .:. WorkerBee PH-Pool Week 179
Before we dive deep into the numbers in this BEE token mining report, I would like to address certain facts about the WORKERBEE and BEE tokens that maybe some of you aren't aware of...
The WORKERBEE token is a miner token which mines BEE tokens... The only way to get in possession of these tokens is to buy them on the market... There are no airdrops, there is no curation rewards, or anything similar... To get them, you have to buy them... If you check the circulating supply, you will notice that there are a bit more than 300K WORKERBEE tokens out there... Around 50K tokens are in ownership of the H-E team which was putting these tokens regularly on the market a few years ago, but they don't do that anymore! Will they do that or not, I don't know... But that is a significant amount of tokens that could hit the market... Imagine that as Mt.Gox of WORKERBEE (a bit worse 😃)...
The rest of the tokens, around 250K, are in the wallets of Hivians like you and me... Some are whales, others are small investors, etc. The price of the token fluctuated a lot, from under 1 HIVE, to the price which is atm (around 3 HIVE)... If I'm not wrong, we had the ATH in June this year, when it hit 8-9 HIVE!!!
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Now comes the interesting part... WORKERBEE token is a governance token, which means that it has ANOTHER USE CASE besides being a miner token! Which makes a huge difference! If you want to run the Hive-Engine node, and you would like to compete with big boys, you will probably have to buy some WORKERBEE tokens and stake them... It's the same thing that's happening on HIVE and witnesses there... I have to say that I'm all for having a skin in the game if you want to be a representative of something, and witnesses are that! How can you promote a product that you are not using?
Because of all that I wrote, we have a situation in which a new WORKERBEE whale is forming that is buying up WORKERBEE tokens from the market... As supply is limited and scarce, it is obvious why the price goes up day by day!
Because of the higher WORKERBEE price, our APR in the pool looks very low... Why is that? Well, it's because I'm calculating that APR at the moment of creating this report, using the current prices of both tokens (WB and BEE)...
What does this mean to you, if you bought your tokens a few years ago for 1 HIVE? Absolutely nothing, as your APR is completely different than the one presented in this report... For example, if you bought your WORKERBEE tokens for 1 HIVE, your APR is actually 15% + 3% in the bonus tokens... And if you calculate all the profits, then you can add the difference between the current WB price and the price you bought it!
I hope this helps in better understand how this WB-BEE dynamics works... ;)
The WORKERBEE token is still high and people hesitate to buy more, and, understandably, there is not too much action on the markets... We didn't get any new members to the pool, but despite the high price, we got some additional delegations! Thanks, guys!!!
This week we mined 101 BEE tokens in total!!!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
You already know what game is my favorite game on HIVE... Of course, it's the Rising Star game, and I'm completely addicted to it... I play it on my computer, I play on my mobile phone when I'm out, and I'm doing math all the time... 😃 Calculating how much time I have until the end of the current mission, and which one should I start next, especially when I can't be online for some time... 2-hour mission? 3-hour mission? 😃 It's addictive! This week, I will distribute the record number of STARBITS tokens to the delegators!
There will be distributed 1500000 STARBITS tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... There will be distributed 101 BEE tokens and 1.5M STARBITS tokens as a bonus... The APR (without the bonus) was 5.101%, and when we added the bonus it went up to 6.146%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://inleo.io/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
~ph~
None of this is financial advice!!!
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Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on InLeo .:. Twitter .:. LBRY
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I need to get more involved with alternative HE tokens. Only really involved with LEO...
Unfortunately, there are not too many quality tokens... But, when you scratch the surface, you can find some low-cap coins, that are doing something... 🙂
WORKERBEE is definitely an interesting token. It makes me wonder if the hive-engine tag bringing in BEE tokens affects anything in regards to the price of WORKERBEE and the APR.
Thanks for running the pool and for the BEE/STARBITS tokens.
BEE token is distributed by mining with staked WORKERBEE tokens and by creating and curating posts on https://tribaldex.blog/... So, it does have inflation which WORKERBEE doesn't have... That's why it doesn't follow the WB price atm...
Thanks for sharing again! Love how Workerbee is doing better and better ;-)
It would be nice to see the BEE token following the success of his "big brother" WORKERBEE token... :)
Would be nice indeed!!! 😉🙏
Thanks for the update and tokens!
"Unfortunately" my purchase of WORKERBEE was funded using my HBD, and my cost is recorded at roughly 0.64 HBD per token. Not much different compared to current levels.
!LUV
Well, that's the other way to look at the token's value... I suppose my 1 HIVE was worth a bit more than it is worth today... We will see what happens in the next few months... :)
I didn't know that its price was that high 😮
The buy pressure was strong in the last few months and it went up nicely...
pretty cool to see how WORKERBEE’s scarcity and use case are driving its value up. Wow an asset with a bright future
This price run was fueled mostly by 1 person trying to get as many tokens as possible, so not sure about the "bright future"... But, it is nice to see the price going up, of course... :)
Yeah! 1.5 million STARBITS distributed to 84 accounts!!! Maybe some of them spend those tokens to buy some packs or cards!
Thanks for the awesome work that you do in the game and for the players!!!
You're welcome. We love the community and will keep adding more and more features!
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I never knew the token made so much sense though
now you know... 😀
Thanks for the support! Appreciate it!
You're welcome, my brothers.🍻🤝