Interesting insights @jk6276. You are more adventurous than me, as I do not understand the point of these NFTs enough to invest in them. I hope it works out well for you!
I have thought about the whole domain naming service on ETH. I haven't been able to see enough value in it yet, nor reach any clarity on what name I would use if it did, to "pull the trigger."
Very interesting, though, to see EVMOS has already put that feature into service. I hope it is an indication of how well thought out EVMOS is and an indication of it future prospects for success!
Soon after collecting my airdrop, I got into Diffusion. I even briefly debated about writing another post about it along with my own experience entering into EVMOS.
Then, the price started crashing ...
I am currently sitting on the sidelines now, in USDC. While suffering a loss, it isn't anywhere near as big as it would have been, had I HODLed ...
We'll see from here ...
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The NFT's I look at like buying a lottery ticket. I put some funds in to cheap options, and consider those funds lost. Then, if one turns out to be valuable, it's like a little win. Definitely have not gone full NFT degen, still don't really see the use of them, but I'll play the game anyway.
That reminds me, have you seen that the last portion of the STARS airdrop is available now. To claim it you have to buy an NFT on the marketplace. For me, I just looked for the cheapest one, bought it and then listed it for sale again. Cost a small amount, but got the airdrop finished.
Surprised the EVMOS price has not crashed further to be honest. Staking rewards are still crazy high. High staking returns in a bear market spells trouble for the price, I think, regardless of how good the product is. We have seen almost every Cosmos asset drop massively over the last few months. Not expecting that to change any time soon, personally.
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Very good. I hope the NFTs provide the income boost for which you are hoping.
Yes, I did. Thank you for asking. I am cashing my STARS position in OSMOSIS. Still debating about whether to keep a little bit staked. Like you, I need to put the two NFTs I own up for sale. They mean literally nothing to me ...
Yep, I am compounding them daily. I now have 25% more staked than I did originally. By doing that, so far I have maintained a pretty consistent claim amount, as the APR drops ... Not sure how long I will keep that up though.
I created an LP position on Osmosis, then sold ~$150 worth of them into USDC, when the price dropped below $2.70. I will likely do that from now on, with any future airdrop. At least then I can have a little something to show for them.
Do you see any IBC-based airdrops looming which have you a little bit excited?
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