This is a post by @hoosie, using an alt-account. This is an update on a tribe token experiment I started on the 10th of Nov 23. This experiment is designed to use 3 main techniques to see if its possible to grow an account fairly organically:
- Delegating tokens to tribe curation accounts,
- Via posting experiment updates in the relevant tribe accounts,
- And by using portfolio rebalancing (inspired by the XV token project from @spinvest which uses portfolio rebalancing to take profits).
You can check out the initial post that explains it all here.
Rebalance Update
This is a standard update following a rebalance of the account.
Starting Position
The table above shows the starting position for the week, the new number of tokens (before the rebalance is undertaken and spare HIVE is sold to buy more tokens). The table also shows the new token price, value and percentage weight of the tokens in the basket.
The additional tokens gained came from a combination of:
- Tips made in the comments of the previous weeks update (ALIVE),
- Tribe tokens gained from tagging the relevant tribes in the previous weeks post (using the tags; #leofinance, #aliveandthriving, #pimp, #pob, #cent, #neoxian, #inleo, #hive-engine, #tribes, #hive),
- And, tokens gained from delegation of the tribe tokens held.
In the future, when there is enough HP on the account, I will also start to delegate HP to accounts that also bring in the targeted tribe tokens.
The table below summarises the planned delegations and accounts to be used:
Having looked at the token income over the week, it looks like the cartel curation accounts are not currently working (that is the ones with '-curator' in the title). I've verified that on my main account, noticing that I havent had a payment from the @pob-curator account since the 20th of Oct. I've raised that on the cartel discord site, so hopefully that will get resolved soon.
New swap.hive to invest
As this experiment is only about the 8 noted tokens, all other income and tokens were sold for swap.hive to be re-invested in the tribe tokens. This came from:
- 50% of the previous week's post payout in HBD was sold for hive,
- All other tokens in hive-engine that are not part of the experiment were sold.
That gave new a new basket balance of:
Rebalance Calculation
The 'total value to rebalance' figure from above was then used to calculate the new number of tokens that should be held in the basket, if spread evenly across all 8 tokens - see table below. The column at the right states how many existing tokens need to be sold (if the number is negative) and how many new tokens need to be bought (if the number is positive).
If tokens need to be sold, then it means that token price has done well in the week, and the rebalance acts to effectively take profit from the gain in that token's value in the week, so that it can be used to buy more of one of the other tokens that has had poor price performance in the week (ie, to buy more tokens at a bargain price).
The table above also shows the price change in the week. As can be seen there were some fair differences, most notably PIMP going up by 31%. Its when we see nice changes like that the rebalancing should have a good effect. Unfortunately all of my PIMP was staked, so I wasnt able to release the value from that pump in the price. That is one of the draw-backs of the experiement while the total value is low (I dont have much liquid-un-staked tokens to sell each week - but that should improve over time as the value of the account grows).
Actual Rebalance
As guided by the table above, the following action was then taken:
- Sold tokens that needed to be sold,
- Bought tokens that needed to be bought.
N.B. Due to the time it takes to un-stake tokens (if needing to be sold), and the difference in buy and sell prices, it may not always be possible to rebalance the basket exactly as planned. Although in general, from week-to-week it should average out, so that it should not be too far out. As such, the following table presents the totals after undertaking the actual rebalance, with the aim of trying to get as close as possible to the planned rebalance numbers.
From there - all tokens were staked, and delegated to the noted accounts.
That completes the rebalance process for this period.
Summary
The following table presents the summary for this rebalance:
The following table presents the summary from the start of the project:
So I have to say things seemed to work out pretty well actually, even accounting for the fact that the -curator accounts dont appear to be making payments. Noting the changes in prices from this week to last week, its clear that the rebalancing method can make a different, its just a pity that I wasnt able to release some of that PIMP gain due to them all being staked (if the -curator account had paid out, it would have been a different matter, and I would have been able to sell those). However, due to having some funds from the post payout and selling other spare tokens, I was able to buy more LEO, POB and CTP as guided by the rebalancing calculation, so that part of it worked.
So far that means the following aspects are working:
- Using post payouts to help buy more of the tokens needed,
- Selling other spare tokens gained (ie, ones that are not in the target 8 tokens, eg, LOLZ, PGM, etc), to buy more of the tokens needed,
- The @heartbeatonhive curation/delegation account is working for ALIVE, so thats helping,
- I did get another ALIVE tip during the week - just one at 0.1 ALIVE - so that added (it all counts !),
- The rebalance method did work as I was able to target the tokens that were the cheapest and buy those with the spare funds from the post payout and selling of other tokens,
- Adding the relevant token community tags to the post also helped as there were a number of small token payouts related to those.
But the following aspects are not working yet:
- As said the -curator accounts are not paying out - hopefully that will get resolved soon,
- I've not yet got enough HP to start delegating HP to get even more gains of the target tokens. But that will happen at some point in the future,
- I dont yet have enough un-staked-liquid tokens each week to sell when there has been a good pump in one of the target token prices. However, again, as the account grows in size and delegation/curation starts working properly, that should increase the liquid amount allowing me to better utlise the rebalancing method as planned.
So its only the second week and the second rebalance, but I was able to gain a lot more from the data this week, and on the whole it appears that it should work as planned. Again I was quite excited to do this rebalance, and again token numbers have increased, along with the overall pot value - so thats pretty interesting ! If the -curator accounts get fixed, that should bring a nice boost - heres hoping for next week !
Details about my alt-account
This is a post by @hoosie, writing on an alt-account that I setup purely by accident when I didnt know what I was doing during my first few weeks on the Hive blockchain ! I thought I was getting an actifit account for my main hive account, and instead bought an entirely new actifit hive account, that I've rarely used ! I have used this account for the experiment because it basically had zero value in it (well about 1-2 HP worth), and importantly very little layer 2 tokens, and hence it acts as a clean slate to properly track progress for this experiment.
Requests to be tagged in the report
If you want to be tagged in the report so that you know when a new one comes out, let me know:
Your experiment is working and you are putting on much hard work for it.
Best to you.
!ALIVE
@hoosieboy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ jmis101. (4/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Many thanks - it appears to be working ! Heres hoping !
You are welcome.
I can say it is working well , soon I will have tokens to delegate.
Thanks - and best of luck with your endeavours !
Great job @hoosieboy glad your experiment is working, @heartbeatonhive doesn't work for Alive we just support the community and in return we are supported back.
I actually only started the project as an extra support because i believe in the community and what @flaxz has created.
Just wanted to point that out as i think it is important that if we believe in a project we should do something to actively support it.😎
!ALIVE
!BBH
I will be including this content on the @heartbeatonhive curation collection
Project Moderator - @benthomaswwd
Made in Canva
Hi, thanks for clarifying and sorry for any confusion. I meant that delegating to @heartbeatonhive works as a method of brining in more ALIVE, as opposed to the other token curation accounts I have been trying, which are currently not working ! I'll make sure I clarify that going forward.
And thanks again for the tips !
It's not a problem honestly i just don't want people thinking i am supporting the tribe because i am hired. I am hoping it will encourage others to give to the community @flaxz has done great job setting everything up and putting it into motion.👍
You can't beat giving to your community and seeing people thrive from it. 😉
I really like your experiment hope it goes really well for you.
I think there are a few projects missing developers and maybe unsre how to fix their project issues 😎
Have the best weekend @hoosieboy
!ALIVE
!PGM
!PIZZA
!BBH
Also can you tag @heartbeatonhive @benthomaswwd @pulsation in future posts please cheers
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@hoosieboy! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @heartbeatonhive. (38/50)
@hoosieboy! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @heartbeatonhive. (5/50)
@hoosieboy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ heartbeatonhive. (5/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Wow! Too many charts, sheets and calculations! Time consuming I guess.
Good luck on your experiments.
!PIZZA
Lol - I did go a bit chart happy with this, although I need to do that in order to work out the detail and the rebalancing calculation. I've then just dumped them in the post incase there is anyone else as excited about the maths as I am (probably not then !).
Cheers !
Great experiment. Hopefully you settled for the best.
!CTP
Many thanks. I'm certainly finding it very interesting so far. I just need to see how the coming weeks go.
It will surely be a good time
I love experiments, and I really love Hive experiements, and this is a very cool one that you thought to try! I look forward to seeing how this progresses, especially when the Cartel accounts start paying out again.
The issue with the Cartel curation accounts not paying out also affected quite a few other dividend-paying and tipping bots, and several stopped working entirely, or were very hit or miss for a while. I'm still not sure what it was that happened around October 19th/20th, but it muffed up a lot of bots! The Cartel team knows about it, and said that that all their bots will probably have to be reprogrammed, and that it may take a while. I miss their payouts too, as I delegate to every one of their accounts.
I'd love to be tagged for future updates! Thank you muchly! 😁🙏💚✨🤙
Thanks for the comment. I'm quite enjoying this experiment. If the cartel accounts get back up and running then it will be even more interesting. I was on their discord channel today and they were looking at it today (or atleast at their monster account for SPT). So heres hoping they work it out.
One other thing I noticed this week was that I got a LUV tip - so that tipping bot appears to be working again !
Cheers
!MEME
Credit: gymnasticsqueen
Earn Crypto for your Memes @ HiveMe.me!
Sure thing, brother, you're quite welcome! That's marvelous! That's great to hear that they're looking into it now, and yes, I so hope that they are able to fix the issue soon!
Yes, the LUV tipping bot and the INDEX dividend-paying bot both started working for me two days ago in the morning, much to my happy surprise!
Cheers! 😁🙏💚✨🤙
!HUG
I sent 1.0 HUG on behalf of @tydynrain.
(2/3)
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@hoosieboy 😉
!ALIVE
!PIZZA
!MEME
!BBH
Many thanks again !!!
@hoosieboy! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (18/50)
@hoosieboy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ benthomaswwd. (18/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Credit: gymnasticsqueen
Earn Crypto for your Memes @ HiveMe.me!
$PIZZA slices delivered:
benthomaswwd tipped hoosieboy
hafiz34 tipped hoosieboy
@heartbeatonhive(9/10) tipped @hoosieboy