Tuesday, 7th of November 2021
SmartBCH starts and… I missed the boat!
The day SmartBCH started I saw notifications from noise.cash, but didn’t understand a thing. They even posted instructions on how to convert BCH to SmartBCH, but just seeing it made my head spin, so I ignored it and moved on with making noise and posting articles. A day or two later I saw SmartBCH articles popping up like mushrooms after the rain. People were sharing their amazing earnings as well as instructions on how to get started. By that time the first dex’s presale of their governance token EBEN was already over, but I decided it was time for me to dive in. ‘If there was one great opportunity to earn, there sure will be more of them in the future’ - I thought to myself. It took me the whole evening to set up everything and send my hard earned BCH to my newly opened Metamask wallet and buy my first few EBEN, then stake it and create LP for the farm.
The following morning I was already ripping the benefits of getting there still relatively early. I wrote all about it in THIS article.I sent more BCH to buy and stake more EBEN and my EBEN harvest stash was growing and growing together with the price of EBEN. If I remember well, I bought my first EBEN at $0.6, then $0.8 and smaller amounts until $2.5. I still had not much of an idea how it all works and I thought the price of EBEN will just continue to grow and grow and make me a millionaire one day! How surprised I was when the price started to drop more and more and never recovered to its All Time High (ATH). I was still a noob and made all the mistakes a noob can make. I didn’t secure my profit, I didn’t take out my initial investment and I lost track of how much I bought at what price and so on. Oh never mind. All were valuable lessons and I never really lost on my first investment. Later on, when the price dropped again to a presale value and most people lost hope in BenSwap, I purchased a large amount on sale and just that amount has already paid for my initial investment in EBEN when the price recovered and I sold a portion of my EBEN. Since then my stashed EBEN is my go-to when I need some funds for a new SmartBCH investment. I have around 200 EBEN staked at all times in the BenSwap Pool and I harvest and either sell for new tokens or add it back to the Pool.
Airdrop? What’s this all about? How about some NFT's?
Another phenomena I noticed on read.cash and other platforms were Airdrops. Seriously, I’ve never been very lucky with these! People were writing articles about millions of tokens they received from this or that airdrop, but I seem to have missed most of these boats. This changed a little since I discovered the world of Telegram, but still… I think KTH airdrop was probably the only one I joined on time and also added the initial airdrop amount to KTH/BCH LP and received a few more drops because of this. To be honest these take a lot of time to chase and I prefer to invest that time and energy into learning and trading on SmartBCH.
NFT's was yet another confusing topic for me. Until it wasn't! I invested some time in learning more about them and my LawPunks are already earning me a handsome income in LAW tokens while I sleep and do other things.
I also amassed 13 of FATCAT NFT's, which are patiently waiting for the staking to start and go to work too. For now I'm feeding them love by staring at their cute faces every now and again ;)
AxieBCH - what a ride!
By paying close attention to Marketcap.cash I noticed AxieBCH being added there on one of those beautiful days. This not only accelerated my earnings, but also opened the door to a whole new world of Pay2Earn games as well as gave me a new family of wonderful people who make the AxieBCH guild. I wrote many articles about this already, so I won’t be repeating myself here. Here are some links instead: Start of the journey and Fun activities in our guild.
The birth of new dexes on SmartBCH
By now we already have 5 dexes operating on SmartBCH network, all with their governance tokens and plenty of opportunities to put our BCH to work for us. Second one to show up was MistSwap and this time I managed to get in early. In the first days of ‘power farming’, when APR’s on farms were insane I managed to farm 1000’s of Mist token, even with a limited amount I invested initially.
MuesliSwap, TangoSwap and 1BCH dex followed soon after and I managed to participate and earn from all of these so far.
BeachSwap turned out to be sour experience for many people. I think I was preoccupied with other things at the time of its launch. I looked briefly at their dex website and didn’t like the idea of locking my tokens for a long period of time, so I gave it a miss. How lucky was I? Soon it turned out that BeachSwap took all the money and disappeared to the despair of many. Some people were speculating it wasn’t as much about the money, as it was about lowering the morale of the SmartBCH community. They succeeded in both and even though I didn’t lose any money there, I lost interest in buying new tokens for a few days.
Learning while earning
Despite a few hiccups and some mistakes, SmartBCH really opened the new door for me. With very small gas fees and speedy transactions, my portfolio is growing at incredible speed and I grow with the SmartBCH network too. By now there are 50 different tokens listed on Marketcap.cash and I own 33 of them in bigger or smaller quantities. At some point I created spreadsheets to calculate just how much were all my tokens worth.
In my October summary I was surprised to see that I had around 2 BCH worth of tokens. I was even more surprised when I updated my portfolio the following month and it was worth 3.6 BCH.
1.6 BCH was at that point worth $900! To think I this is a result of 0 cash investment is absolutely crazy for me. While some of my friends are investing their time and money in various other coins, pulling their hair and losing $100’s in fees and scams, I am having fun and earning without even realising! Do I need to say more to convince anyone that it has been a life changing journey for me? I think not…
This article was written as my entry to the "My SmartBCH Adventure" writing contest. You can find more details about this contest here: https://bch101.com/blog/30.
To join, write about your SmartBCH journey, and submit your entry here: https://forms.gle/t78LhQA7FiMbhWfMA
Until next time 💙
Lots of good profits! My eyes were flashing with dollar sign! You did really well. :))