Despite having a huge max supply (I don't know how many zeroes are there 🙂), the total and circulating supply of the WORKERBEE tokens is relatively low... The token is available only at the Hive-Engine market (TribalDex), and there is no specific WORKERBEE diesel pool where you can grab a bigger amount of tokens (It is paired with the FARM token, but the liquidity is very low)...
On the other side, the BEE token (the token that we mine with staked WORKERBEE tokens) is present in many diesel pools, which helps a lot in smaller movements in price (a lot of locked liquidity)... Besides that, the token has a use-case (curation, paying for services at H-E, etc) which is very helpful... On one side, people are incentivized to stake tokens to earn better curation rewards, and on the other side, people spend/burn BEE tokens for paying services...
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When you "combine" these two things/facts, you get the answer as to why the WORKERBEE token has these huge ups and downs... Most of the tokens are staked, there are no pools with liquidity, plus fat fingers that sell tokens through Keychain don't know that... The result is dumps and pumps in price...
What am I doing in those moments? Well, I like to have some open buy orders at some "crazy" (but still not that crazy :) ) price, patiently waiting to be filled...
Back to the WorkerBee Pool numbers for this week... This week we are on time, which means 2 hours less mining than the last report...
This week we have mined 101 BEE tokens in total...
We didn't get any new members this week, but we got some new delegations from existing members of the pool! Thanks guys! Appreciate your support!
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?
When I started this pool, I was doing a lot more different tokens as bonus rewards... But, as time was passing, some of those tokens went to almost zero, and there was no sense in giveaway shit tokens to you guys... Because of that, the list of current tokens has shrunk to only 5 tokens, and every time when I do the distribution, I have a feeling that I was giving away the same token last week... 🙂 The same goes with the CTPSB token that will be distributed today... A project run by @achim03 backed up with HivePower... Because of that, the price goes up, and the token keeps its value...
There will be distributed 2.65 CTPSB 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... 101 BEE tokens and 2.65 CTPSB tokens will be distributed as a bonus... The APR (without the bonus) was 7.854%, and when we added the bonus it went up to 9.430%!
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 @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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