smartBCH Update: My Profit and Loss with NFTs and DeFi

It's been a long time since I checked and explored my smartBCH portfolio. After investing in some projects, I decided to take a stake and receive interest from it. I am really not that active in this community and have not explored it deeper but I am always interested in it. In fact, I shared my smartBCH Journey where I mentioned some tokens that I bought during the red market.

But I also added some new tokens and started exploring some projects, specifically NFTs. smartBCH going along with other networks and side-chains, offers different opportunities such as DeFi and NFT–one of the best projects that became hype in the past few months. Sadly, I can say that smartBCH is still underrated and more people should learn about it.

Photo is made with Canva

As part of supporting the community, I am investing and buying some tokens and NFTs when there will be newly launched projects. The first NFT that I bought before was the Poolside Puffers NFT.

Poolside Puffers NFT

If you will ask me which NFT project has been made in smartBCH, I would say that it is Poolside Puffer NFT. I minted this NFT not because of its traits, appearance, or rarity but because of its objective and concept.

This project has a good objective where all sales for minting one NFT were donated to the orphanage in Vietnam. It was led by MapleSyrupSuckr together with his wife who volunteered at the orphanage with her co-workers.

The total supply of puffers were 2,100 and I am one of the lucky people who had a chance to mint. My objective was to help the orphanage and to support the community…it is hitting two birds with one stone. I minted one puffer fish and got an amazing look of a puffer. I spent 0.0035 BCH as it is the minting price of each puffer.

Photo is screenshot by the author from oasis.cash.

I just held it for a long time since the oasis.cash marketplace was not yet released before…later on, I learned that Poolside Puffer can be listed on oasis so I decided to list my NFT. I thought I cannot sell it since the puffer is out of the hype due to many NFT projects inside the community. But luckily, I sold it for 0.051111 BCH where I got 0.047611 BCH profit.

The images of poolside puffer is also used in a play-to-earn minigame inside the smartBCH community called Joystick.club.

Reaper NFT

I always tell everyone that I am so late with smartBCH so when I heard about the Reaper NFT, I started asking and looking for more information about the project. I minted this NFT because I like how it looks. I like its appearance and looks.

Photo is screenshot by the author from oasis.cash

The minting process is easy as ABC but the people are so hyped and want to get one as early as they can. Luckily, I got a Reaper with a minting number #1607. I was hoping to get a rare NFT but it looks like I only got a normal Reaper. Nevertheless, I still like the appearance of my minted Reaper.

The price of each mint was 0.05 BCH and I sold it for 0.1 BCH which is x2 of my initial investment. I was thinking that I won't be able to sell it because it's been weeks and the Reapers are out of the hype. But I decided to list it for a 100 days fixed price auction. Then recently, I was shocked that I have 0.1 BCH in my wallet and happy that I sold my reaper.

Daiquiri

Some people are saying that this project is a meme and shit but I see the opposite of their perspective. There are still some people who invest on this token and I am one of those people. I believe that this is a good project because they have plans with NFT staking where you can stake your NFT and start earning their token, Daiquiri. This plan is included on their Q4 2022 roadmap.

Photo is screenshot by the author from Tropical Finance

As of now, I stake it on their DEX and start earning a decent amount of interest. I was staking this in the Beam at BlockNg but the pool is now closed so I transferred it all to tropical finance.

$LAW and $CATS

I am now starting trading these two SEP20 tokens because I am seeing a good movement in the market of the two tokens. The price always moves quickly and has a quick recovery after the red market. I have some LAW tokens as it is the interest that  got for staking my Daiquiri on BlockNg. 

I also have some $CATS token and got some profit from trading it. So far, I am seeing a good movement between the two tokens.

Conclusion

smartBCH is still in its early stage but the people who support the community are always hype and willing to spend their money to buy NFT and tokens to be part and contribute to the community.

I can say that this community still has a long journey to take and I hope more people will see the opportunity. Paying lower fee with DeFi and accumulating high interest is way better than paying much fees with lower interest.

Published: March 6, 2022