Staking 1.89 sBCH To Get LAW, Is It Worth It?

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Avatar for bmjc98
Written by
2 years ago
Topics: SmartBCH, Law, Blockng

Out of all the tokens available in smartBCH, only LawPunks and LAW are probably the remaining assets worth investing in these days. I hate to say this, but it looks like AxieBCH and GAME tokens have already lost their touch in the community. I won't go further in detail for now, but I will one of these days.

Although I have already sold 4 out of 5 of my LawPunks, I have no regrets. At least I have enough LAW to sell once the price goes up. Since I already unstaked them, I don't have any means to earn LAW. However, I recently learned that you could still earn LAW by staking your sBCH. The question is, how much sBCH do you need to make enough LAW?

So I decided to experiment with the sBCH I took back from my Paytaca wallet. I had 1.89 sBCH and staked them all on the 9th of October. If you would like to know the process of staking them, here's how:

  • You need to click APPROVE button first and click CONFIRM

  • Once confirmed, you need to choose SELECT

  • Then input the amount you want to stake and click DEPOSIT

That's it! The only thing you need to do is wait and let your sBCH do the work.

I staked 1.89 sBCH for 3.123% APR, and in 4 days, I earned 0.384 LAW. Based on the numbers, it will take 12 days for me to make 1.152 LAW or 2.88 LAW in 30 days. It sounds like I need to wait forever or deposit more to earn enough LAW.

Do you think it's worth the wait? 

Well, as much as I wanted to earn LAW, I don't think it will be worth the long wait. Since I've heard that there is another way to exit your sBCH, and you can finally send them to your Bitcoin.com wallet, I think I will send them off instead of just staking them.

I don't mind staking them for months, though, if there was no other way of taking my sBCH out of Metamask, but since I found another way, why wait? I have wanted to secure my sBCH back to my Bitcoin.com wallet for a long while, and now that I found the way out, I don't think I could wait another day to have them stay in Metamask.

Nonetheless, those interested in investing in LAW without the need to stake their sBCH can buy sBCH from me. As always, you need to send your BCH to me first before I send you the sBCH. We do the 1:1 ratio. No extra or hidden fees as we can both benefit from it. Here's how to transact with me:

  • Comment here or DM me on noise.app

  • Tell me how much you want, and I'll send you my BCH address

  • Please send me the amount with a screenshot as proof

  • Don't forget to include your smartBCH address

  • As soon as I receive it, I will send you the sBCH equivalent of the amount you sent me in BCH with a screenshot

Here's a screenshot of our transaction on the 1st of October for everyone to see that I am legit. You can verify it with @GlenCanete.

For those dying to take out their sBCH from Metamask, like me, you can use Bolivar bridge or Bit.com. Check out these helpful articles for your guide:

Bolivar bridge

Bit.com

Closing thoughts

I already tried the Bolivar bridge, and though it was a bit complex at first, you could still do it by yourself with the right guide. I sent 0.011 bcBCH for testing, and still in the Smart Chain as I don't have enough BNB for the gas fee. As for Bit.com, I have not tried it yet, but I will make sure to explore it tonight.

Going back to our main topic, do you think it's worth staking 1.89 sBCH to earn LAW? As always, let me know your thoughts below.


Feel free to follow me on:

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Avatar for bmjc98
Written by
2 years ago
Topics: SmartBCH, Law, Blockng

Comments

I pawned my bch and created lp to earn 80-150%. Right now I don’t need any sBCH, but I’ll hit you up if I need any 💙

$ 0.02
2 years ago

I'm kinda tempted to try those other options with nice APR but mmm, I'm kinda reluctant to do it. Thanks for our first transaction, sis. Know that I still have more than 1 BCH for trading. HEHE

$ 0.01
2 years ago

I trust blockNG guys, so I staked. They're working on a bridge to ethw, so our punks will get more publicity and hopefully price increase too :D I'll sure get in touch if I need some, but I have very little bch in wallets 🤣

$ 0.00
2 years ago

In the kudos you have many more options way better. I recommend you the kudo LAW/sBCH. It will give you a good profit in the time you way go up for sell.

Others token that worth to look up in smartBCH are Tango, Eben and GOC.

$ 0.02
2 years ago

I have EBEN and what's GOC? I prefer not to do LP, though.

$ 0.00
2 years ago

GOC is GoCrypto token on the smartBCH. If you don't want do LP is okay, that is a personal choice, but if you will not move or trade your tokens in a while is a good option to increase your wealth, or at least don't allow that your cash be reduce

$ 0.00
2 years ago

Nakakahanga ka sis, you are really knowledgeable when it comes to investment

$ 0.02
2 years ago

Marunong mag invest sis pero di marunong kailang mag sell dahil sa sobrang loyal. HAYST. Minsan mas mainam na rin na nag hohold ka na lang para iwas lugi.

$ 0.00
2 years ago

That is great deal. I have been thinking and planning for such. Unfortunately, I just reached 1 BCH, and when reach 1.5 of more I guess I should go for it

$ 0.02
2 years ago

Keep saving for now. Once you hit your target, you can start learning other things.

$ 0.00
2 years ago

Ahhh, sounds so good and awesome. So sweet of you.

$ 0.00
2 years ago

Congrats sa pag stake ng LAW mo po. Hoping na matutunan ko din yan soon.

$ 0.02
2 years ago

Maliit lang ang reward kaya baka ipupull out ko rin to. Matutunan mo rin to. Maraming articles about dito. Pero first mung dapat matutunan is pano mag set ng smartBCH network sa metamask. :)

$ 0.00
2 years ago

I want to buy Law and than sell it but I'm a newbie in this. I know nothing about sBCh too 😐

$ 0.02
2 years ago

You can buy some but you need smartBCH to do that. Let me know and I can sell it to you but only if you have done your research first.

$ 0.00
2 years ago

Ok if I'll do some research about it than I'll buy it too

$ 0.00
2 years ago

May LAW pa ako ate sa sBCH pero di ko alam if saan ko siya pwedeng i convert kaya nakatambak lang mga tokens ko doon 🥲

$ 0.02
2 years ago

Wag mo muna isell mura lang ngayon. Saka na pag tumaas ulit.

$ 0.00
2 years ago

Yung utak ko parang sasabog na. Hahaha. Pero may naintindihan naman ako kaunti. Solid talaga tung ganito dun sa mahilig mag.take nang risk to possibly gain more earnings sis, tulad mo. Sana all nalang ako lagi pag ganito na pinipost mo. Hayyy.😌

$ 0.10
2 years ago

Wala sis. Di to nakaka sana all. Sana siguro nung bago pa na malaki ang APR. Ngayon, di sulit sa pag ststake. But thank you, sis, for reading.

$ 0.00
2 years ago