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The Undisputed smartBCH Zero Management Passive Income Project

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Avatar for emily2u
Written by   315
2 months ago

[#338] Date: 2nd May, 2022

It's no secret that I have invested US$1700 into smartBCH thus far. I have no intention to pump in further capital based on the disappointments I have faced from the performance of multiple projects. As a victim of an abandoned NFT project (Cattos) and a rugpull (PixsRPG), as well as with token prices down by 80 - 90%, I have had enough. The only thing to do is just to HODL and wait for the prices to recover and NFT projects to develop and deliver. If there's profit, well and good, but for now, disheartened is a mild word to use on my current sentiment. I am assuming that I have burnt my entire US$1700!

Obviously, this is not the case. This is only paper loss until and unless I withdraw by selling all my smartBCH assets. And as I mentioned in my previous article, of all the shitty projects, I do have a finger in some winning projects. Here is the NUMBER ONE project, in my opinion: Goblins.cash

About a month ago, I won a Twitter contest organized by the Goblins team, with a prize of 0.5 GOB. I staked it, you can read it here: New Passive Income Streams, and have since enjoyed compounded interest every 8-hourly cycle (3 times daily). My staking began on the morning of 30th March. Today, 2nd May, my 0.5 GOB is 1.0 GOB! Yay, congratulations to me.

GOB price was $60 at its launch at the end of February, and quickly rose to over $600, more than the price of 1 BCH at the time. The price retraced to $90 but rose a little and maintained at $132 at the time of my staking. At this time of writing, GOB is priced at $115.04, which means that I have earned $57.52 passively without doing anything at all!

According to the tracker, anyone who staked 1 GOB since the beginning would have grown the 1 GOB to 6.52 GOB to date. Will my 1 GOB become 2 after one more month? Wooeee I sure hope so! Praying that GOB maintains its value over time, too, despite the current bear market.

Besides Goblins.cash, I am also invested in SIX NFT projects with staking capabilities that are earning me a passive income even as I sleep, with NO management required, except harvesting as and when I feel like it. To learn about these SIX NFT projects, you can read this article: 6 smartBCH NFT Staking Projects I'm Invested In

Do take note that even though I am super bullish about these projects, there are the inherent risks involved when we are staking out of our wallet. You know what they say about not your keys, not your crypto? Yeah, it applies here as well, so do your due diligence and ONLY invest what you can afford to lose.

This is the reason that I have yet to find something as solid as Proof of Stake tokens, such as ADA. Well, there is a list but I am only invested in ADA, so I can't speak for the other projects. However, I do love the concept of keeping the crypto in my own wallet and yet receiving my rewards every epoch.

What beats ADA, to my knowledge is CoinFLEX's FlexUSD, which rewards holders with interest every 8-hourly (3 times a day) cycle AUTOMATICALLY without having to harvest the rewards as we have to with ADA. With CoinFLEX which also supports smartBCH network, our rewards are sent to our wallets wherever we keep our tokens, including Metamask and Bitcoin.com. I touched on this in New Passive Income Streams also.

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Written by   315
2 months ago
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Comments

$1,700 is a huge investment I must say. The abandoned project and rugpull are just indications that most of these so-called projects do not have intention to stay for a long time. They just want a quick profit, then withdraw their names. I hope that you investment and HODL make enough profit to pay for your hard work.

$ 0.03
2 months ago

Thank you. You are right. Project developers are not seeing through their roadmap, delays after delays, and worst are the rugs. So disappointing.

$ 0.00
2 months ago

Ikr $1700 isn’t a small money. I feel like people are taking advantage of the fact that smartBCH is new to the crypto-verse compared to some other coins. It is just sad I lost funds too to so many token and cattos.

$ 0.03
2 months ago

Very disappointed with how some tokens performed. I just checked my portfolio in detail. Only one token is in the green, besides stable coin.

$ 0.00
2 months ago

Yeah I remember when I started my Bch journey my first monthly earning I used up to buy EBEN only for it to underperform . It’s sad but what can we do

$ 0.00
2 months ago

oh wow!! it's still a gain even though it went down on a dip! Pass your enthusiasm and all other brain cells there is in understandin all this to me Ems!!!.. . some details just pass thru my eyes and barely reach my brains for processing :(

$ 0.03
2 months ago

Haha... no investment, no headache, Pichi!!

$ 0.00
2 months ago

From 60 to 600? That's a huge amount! Oh well. I hope you earn more GOB soon :D

$ 0.03
2 months ago

Ya, I just checked, $60 to $690 but I was excluded from the party. Didn't want to chase the high price!

$ 0.00
2 months ago

Wow, your GOB is doing well. $1700 is quite a massive investment.I hope these tokens recover soon

$ 0.03
2 months ago

I hope sooooo and soon too. Don't like to be in loss. Hehe

$ 0.00
2 months ago