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 a number of techniques to see if its possible to grow an account fairly organically, including:
- Delegating tokens to tribe curation accounts,
- Delegating HP to curation accounts that provide drips in the target tribe tokens,
- 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 this rebalance, 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 rebalance post (0.1 ALIVE !),
- Tribe tokens gained from tagging the relevant tribes in the previous rebalance post (using the tags; #leofinance, #aliveandthriving, #pimp, #pob, #cent, #neoxian, #inleo, #hive-engine, #tribes, #hive) - but nothing major to speak off for this period,
- 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.
As can be seen in the table above, the basket value has fallen since the last rebalance due to the price of some of the tokens falling in value. However, it was still good to see that there were gains in the number of tokens across all 8, before entering into the rebalance calculation.
The table below summarises the planned delegations and accounts to be used:
All 8 token delegation accounts used paid out since the last rebalance - thats the first time its happened, which was great to see.
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. The price of HIVE was low which gave a good conversion price from HBD which was good, but the post payout was very low - the second lowest since the start of the experiment, which aint great,
- Normally I would also sell all other tokens in hive-engine that are not part of the experiment, but there was nothing really to sell for this rebalance.
That gave 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 titled 'difference from above' 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 period, and the rebalance acts to effectively take profit from the gain in that token's value in the period, so that it can be used to buy more of one of the other tokens that has had poor price performance in the period (ie, to buy more tokens at a bargain price).
The table above also shows the price change in the period. As can be seen 8 of the 5 tokens in the basket had dropped in value (just like last week), creating an overall drop in the basket value. However, I was able to sell a few small amounts from the tokens that had increased in value, and was also able to buy NEOXAG at a discount price, so the rebalance did have an effect (although not massive).
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 (and that certainly was the case again in this period). Although over time it will average out, so that it should not be too far out. And as the curation income grows, so too will the liquid amounts available each period, at which point the rebalancing will work better. 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.
As can be seen, the only changes to speak of were in CTP (mostly from curation payout) and NEOXAG (from the purchase during the basket rebalance).
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 it wasnt a great week really. The last rebalance post had a poor payout, and the value of a number of tokens dropped such that the overall value of the basket dropped. However, the rebalance method still worked to some extent, even if fairly minor.
The table above attempts to summarise how the various methods have worked in the period, and rank them in order from best to worst (top to bottom). Its hard to capture the exact values from each method making a contribution, but it gives a rough idea of how its all working.
The post payout in HIVE dominated again this week, even with its very low value, followed by the rebalance method. Otherwise there wasnt much else to speak of apart from all 8 curation accounts paying out.
So thats the second loss in a row. This is to be expected and its also how the rebalance method works, as long as there is enough funds to purchase tokens at a discount when the price drops are occurring, which has been the case in these last 2 rebalances - so thats ok. As long as the total number of tokens keeps increasing, which it is, then its going in the right direction (there were no decreases in the amounts of tokens in this rebalance, all increased except LEO which stayed the same).
That wraps up this rebalance. Heres looking forward to the next rebalance already !
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:
This is really useful info ! I've started moving my Tribe curations to match what you've got here, and can see the difference in terms of earnings. Previously I was using the LOLZ curator for all of them, so I've built up a decent amount of LOLZ, but using the direct curators for each token definitely produces higher reward values.
Doing the whole rebalancing thing will probably have to wait a month or two; January is normally crazy busy for me in the real world, so finding time is an issue !
That’s useful to know too! I have all my tribe tokens staked and use them to curate myself, but it’s really hit and miss, as I don’t pay much attention to which tokens are tagged. These curation accounts probably do a better job at targeting relevant tags.
Do the tokens need to be staked in order to delegate to these accounts?
Yes - you need to stake the tokens in order to delegate them
Thank you! Is it the same for all curation accounts?
Yes pretty much. In order to delegate layer 2 tokens must first be staked.
Thank you ☺️ Will try to play with it this weekend 😁
On my main account I mostly use the LOLZ curation accounts as well as I like their defi side of things - it seems to be win-win - you get more LOLZ and more of all the other tokens too. I've only got small amounts in this account so far, but the concept is working so far - and its certainly been interesting !
!ALIVE
!LOLZ
!PIZZA
!PGM
@alonicus! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hoosie. (3/10)
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.
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
$PIZZA slices delivered:
hoosie tipped new.things
hoosie tipped tydynrain
new.things tipped hoosieboy
hoosie tipped alonicus
@hoosie(11/15) tipped @thisisawesome
hoosie tipped fantagira
Even though this wasn't the best week, the fact that you're still increasing your holdings of various tokens is excellent! I really do like this rebalancing method! Let's see if I can help you out here a bit with some tips and a vote call! 😁 🙏 💚 ✨ 🤙
!DHEDGE
!ALIVE
!LOLZ
!LUV
Many thanks - its appreciated !
!ALIVE
!LOLZ
!PIZZA
!PGM
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
@tydynrain! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hoosie. (8/10)
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.
You got it, @hoosie, you're very welcome! I'm happy to help! 😁 🙏 💚 ✨ 🤙
!ALIVE
!LOLZ
!LUV
!BBH
@hoosie! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @tydynrain. (1/5)
@hoosie! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ tydynrain. (2/10)
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.
lolztoken.com
It was just so lava-able.
Credit: belhaven14
@hoosie, I sent you an $LOLZ on behalf of tydynrain
(2/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
hoosieboy, tydynrain sent you LUV. 🙂 (4/10) tools | trade | connect | daily
Made with LUV by crrdlx.
@hoosieboy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ tydynrain. (4/10)
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.
lolztoken.com
By the number of gigs it has.
Credit: reddit
@hoosieboy, I sent you an $LOLZ on behalf of tydynrain
(7/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
@hoosieboy has already received an upvote for this post. You still have 3.0 vote calls available today.
This post has been selected for upvote from our token accounts by @tydynrain! Based on your tags you received upvotes from the following account(s):
- @dhedge.bonus
- @dhedge.leo
- @dhedge.bee
- @dhedge.ctp
- @dhedge.pob
- @dhedge.cent
- @dhedge.neoxag
- @dhedge.waiv
- @dhedge.alive
@tydynrain has 3 vote calls left today.
Hold 10 or more DHEDGE to unlock daily dividends. Hold 100 or more DHEDGE to unlock thread votes. Calling in our curation accounts currently has a minimum holding requirement of 100 DHEDGE. The more DHEDGE you hold, the higher upvote you can call in. Buy DHEDGE on Tribaldex or earn some daily by joining one of our many delegation pools at app.dhedge.cc.
I think I missed a few of those updates. My December holiday was meant to be productive, but I mainly slept, ate and exercised a little 😂
It looks gloomy when you look at red balances, but such is nature of crypto. Goes up and down all the time and like you mentioned - as long as the number of tokens increases it’s all good.
With some tokens I’m not too sure to be honest, because there are a few that I have been tracking that the value only ever goes down and I didn’t notice them coming back up again. Maybe I haven’t been tracking the prices for long enough to draw the conclusions yet, but I’ll continue doing this and see if anything moves when bulls come 😉
!ALIVE
!BBH
@hoosieboy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ fantagira. (1/10)
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.
@hoosieboy! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @fantagira. (1/1)
Many thanks - and yes, its the risk we take. Thee is a couple of tokens in this selection that I'd probably prefer not to have, however from a curation perspective they work well - and once the holdings are bigger, thats where it will help to make a difference. Either way, I only spent 10 HIVE up front to start this, and its an experiment that I'm really enjoying, so its been worth the 10 HIVE already !
!ALIVE
!LOLZ
!PIZZA
!PGM
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
@fantagira! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hoosie. (9/10)
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.
Oh, absolutely 💯 It’s the learning journey and knowledge is priceless. I also enjoy reading your updates and learning more from each one of them. When I try out new things myself I also do it with small amounts to see how it goes.
!ALIVE
!PIZZA
@hoosie! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ fantagira. (1/10)
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.
I delegated too much and lost some of my tipping commands until I could sort it out.
!LOL
!LUV
!ALIVE
!PGM
!PIZZA
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! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ new.things. (4/10)
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 !
!ALIVE
!LOLZ
!PIZZA
!LUV
@new.things! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hoosie. (10/10)
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.
Great update of your token rebalancing strategy for earning tribe tokens @hoosieboy, and also quite interesting to see how it will continue as some have dropped quite a bit, keep sharing and stay awesome.
Made in Canva
!ALIVE
!LOLZ
This post is AWESOME!
It will therefore be highlighted in our daily Curated Collections posting for today.
The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem by rewarding it".
Source
Many thanks - its appreciated. Even with values dropping its ok, because the overall amount of tokens keeps increasing, so I'm sure it will bounce back at some point ! And once it builds up more and curation helps more, it will make a difference.
!PIZZA
!BBH
@thisisawesome! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @hoosie. (1/1)
Yes that is a good point.
Made in Canva
@hoosieboy! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ thisisawesome. (12/30)
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.
lolztoken.com
A sham-rock.
Credit: reddit
@hoosieboy, I sent you an $LOLZ on behalf of thisisawesome
(3/10)
ENTER @WIN.HIVE'S DAILY DRAW AND WIN HIVE!
Creative idea works best. Thanks for sharing, I will try it out.
!LOLZ
lolztoken.com
She still thinks it's going to be a fishpond.
Credit: reddit
@hoosieboy, I sent you an $LOLZ on behalf of oasiskp2
(1/6)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
Best of luck - I'm finding it really interesting, and the methods should all compliment each other and work together !
!LOLZ
lolztoken.com
It was clear from the gecko.
Credit: reddit
@oasiskp2, I sent you an $LOLZ on behalf of hoosie
(2/10)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.