HP delegation

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Hello everyone!

There is already told a lot about the delegtion of Hive Power. Probably you know or now you know that on average when someone is actively curating, you'll get an apr of 8-10% from your Hive Power. In my opinion this is a decent return. Definitely better than the mainstream banks, similar to index funds / etf's when you just accumulate a broad world one. In terms of crypto, there are definitely higher returns possible BUT you should take in account the risks as well. Very high apr's often have very high risks. Seems obvious but people tend to forget about this, especially newer people.

There are plenty of possibilities to delegate your Hive Power to. One of these possibilities is delegating to @wrestorgonline from the WOO project.

They offer an apr of 18% at the moment of writing. This is definitely really okay when you take the risks into account. Yes, they have a game which isn't completely developed yet but it's already fun to play. Definitely a difference with plenty of other p2e gaming projects on Hive. Won't name / blame them here, but I guess you'll have some examples yourself.

The rewards are paid oit in the form of the $WOO token, which is the native token of the project. Last months, the price has stayed rather stable and with the recent marketing, one could expect to new eyes looking at the project. Before Wrestlecon, the rewards will become available as well. That's another reason why the price could start to climb in the near future. Ofcourse, as with everything, everone has to do his own analysis!

As always, thanks for reading!

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What is WOO?

WOO, aka Wrestling Organization Online is an upcoming play2earn game on the Hive blockchain about wrestling. They aim to bring back territory wrestling, where the wrestlers are tradeable nft's. The public beta of the game launched on December the 13th. It's an autobattler in the theme of wrestling. There are 3 undercard events and 1 main event. Winning an undercard event gives you 1 point and winning the main event gives you 2 points, so 5 points are what we're fighting for. There are wrestler NFT's and manager NFT's which gives bonuses to the wrestlers. In the near future you'll be able to earn $WOO, just by playing the game, a real #play2earn game!

A lot could be said about WOO, to get more information about WOO in general, check out the posts of @wrestorgonline and make sure to join their discord: https://discord.gg/woogame

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Link of above match: https://play.wrestlingorganizationonline.com/match/657a11bad9362698abcff4fb

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8 comments
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(Edited)

There's no other place like Hive, I'll say that. I wondered what risks there could be with the APR that comes with delegations here, though. Anyway, I don't play WOO, but I know I have learned a little more about it today.
[IR]

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The only 'risk' is that the coin you're rewarded with suddenly goes to 0 and your rewards are thus worthless. One could say it isn't a real risk as you can't lose your hp.
For me, it's still a risk in terms of opportunity cost when we would loose out on earnings.
Thanks for stopping by!

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And that's profound, actually. I agree.

By the way, I wonder if you have ever used InLeo to make posts in to your favourite communities. It works like other frontends and there are interesting benefits to gain by just using it and there benefits to gain like the ongoing 1000 HBD giveaway for crypto writers. Have you?

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I already participated in the 100hbd contest ;)
In general I encounter several issues when using Inleo, reported them already as well in the discord.
Thus, I prefer peakD for my day to day Hive experience.

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