ARE YOU MINING RBS (RobiniaSwap) tokens? Do not sell it. DO THIS INSTEAD ....
INTRODUCTION
My assumption is that most of those who will end up reading this post are well aware of the recent launch of RobiniaSwap and the partnership between their team and our Project.hope community. The majority of you were probably also involved in the process of mining RBS tokens. If you're one of those people, then I would appreciate it if you would go through this publication, share your thoughts and resteem it (to help us reach a wider audience).
MINTED RBS TOKENS
Some of you may have sold part of those minted tokens. Especially within the first days, while RBS price has been quite high and APR was very encouraging. Those days are "long gone". Perhaps it is a small exaggeration since the launch only took place over a week ago. But the truth is, the price of RBS is already almost at its lowest since the project started. And APR offered to miners is also much lower than it was just 10 days ago.
And the reason behind it is quite simple: some miners were dumping all minted tokens, which resulted in creating a growing selling pressure. I also did my part by selling some of them before I decided to do something else. Something, which I hope more people will follow, especially after reading this short post.
DO NOT SELL. Mint even more RBS instead ...
The truth is that APR offered to miners within the first one week has been insane. The amount of RBS tokens that were distributed between all miners was also very high. Which resulted in the presence of heavy selling pressure.
Right now, the amount of daily minted and redistributed RBS tokens are already way lower and the price seems to be reaching the bottom - at least it does seem to stabilize itself at the current level.
This post is to encourage all those of you, dear readers, who are participating in the process and are supporting efforts behind RobiniaSwap's team to AVOID DUMPING those minted RBS tokens.
Let's reduce selling pressure by STAKING our RBS tokens instead.
Currently, almost all of the entire Project.hope core team are working hard to help bring in more traffic and exposure to the RobiniaSwap project and we're all hoping that the price of RBS tokens will increase in the future. So, it greatly depends on us (miners and "early adopters") if this project will have a chance to flourish or receive more traction. Reducing selling pressure should be one of our main priorities at this stage.
HOW TO STAKE RBS TOKENS?
I found it quite easy to do. In a nutshell, all you need to do is visit https://robiniaswap.com/ website, go to "pool" and stake your RBS rewards. The one you harvested from staking bSteem earlier on.
It is similar to the way you've staked your bSteem tokens earlier on.
If you would like to read a more detailed guide, then allow me to recommend this publication by @josevas217: Reinvesting our profits in RobiniaSwap
RESTEEM if you can and join our ROBINIA Discord server
I would obviously appreciate every valuable comment and each resteem.
Also if you're not part of RobiniaSwap Discord server, then consider joining it.
Link: https://discord.gg/z87MaKWd
(I'm one of the members behind the "support group" and I will gladly help you out and reply to all your questions - assuming you would have any).
Yours, @crypto.Piotr
Project.hope community founder
Hi @project.hope thank you very much for the mention.
The reasons why it is good at this time to mine and keep the token is very clear in your explanation, it has a lot of logic. I'm just waiting for the moment when this Robinia token will have much more use, and its appreciation will increase. The truth is that all this is a matter of patience, and see more in the medium and long term.
For my part, to the extent of my possibilities I will be on hand to collaborate with colleagues who need guidance in this regard.
Well said
Hi @josevas217
Of course :) when it comes to RobiniaSwap project - no one helped us and guide us as much as you did.
it's matter of patience and matter of community behind the project. I think it has been proven many times over and over again, how strength of community supporting projects matters a lot.
ps. thanks for resteem.
ohh... the price of RBS came down so low...it was 1 dollor few days back...
Fortunately or unfortunately, I don't sell off so fast like a trader, book profits to buy back dip. I do sell book profits and buy back dip when some target was reached, my target was 3 dollars here..,
@crypto.piotr, I would like to know what is the road map the team is going to accomplish...weather they will list it in coingecko and things like that.
If the project is sucessfull, RBS tokens will do well.
I am no fan of Steem nor Tron but even traon Blockchain is going to do well, with functional dapps there which I have not tried. So RBS tokens can do well, if it does well.
Its great Steem is in DEFI now this way...so its a value addition for the steemit Blockchain.
Let me see, if the project gets used, is interesting I would keep bsteem there and earn more RBS tokens and harvest it again. Else I should convert RBS to Steem and use it for something else.
I still have a lot to learn, but it maybe useful to have a avenue to swap my steem to a stable coin and all that when I need it instead of going to Centralised Exchange. Maybe Robinia Swap will be useful for that...
should see... I am sure I can swap Bsteem to BUSD at good rates in robiniaswap when I need to liquidate steem and all?
Also on selling pressure, I cheked earlier...there are whales like one of it held 40% of RBS tokens, so if that whale sells obviously price of RBS would fall.
I think early whale hodler sold RBS tokens... not us little retailers(: .... I really hoping to make lot of money and learn all I can on dex etc...because very uncertain times.
China cracked crypto, my country India may too do something like that so VPN and hodlhodl may need to learn.
I don't even know where to sell my Bitcoins other than centralised exchanges when I need to...Ren protocol and that bridge things need to experiment.
Very uncertain times @crypto.piotr... I don't even know if its worth keeping fiat in banks soon, if NPA bubble pops and all... its hard to prepare for these things. So planning to try out DEFI likle terra and anchor protocol than keep money in banks...
already got myself a hardware wallet, but learning how to use it will take time...lets see.
Hi @mintymile very well said about the whales those with strong hands have been selling off lately value locked have also reduced drastically, lets wait and see what 15th October holds since the team promised to start buying back and burn more token hope RBS value will stabilize.
Hi again @mintymile
China has resources, which India doesn't. And even with all those resources and super heavy control - they have been failing to crack down on crypto. So what is the chance that India would be succesful in that aspect?
I wonder.
And indeed. Challenging times ahead of us :(
Cheers, Piotr
Hi @mintymile
Re ho hopes that this project will finish stabilizing, I am working with them for months now, and it is progressing well. Finally stability beyond functionality goes also for the tenure of long term investors.
To the question of whether it will be in Coingecko, in fact it already is:
https://www.coingecko.com/es/monedas/robiniaswap-token
Good start of the week to you.
Wow...thats good to know, thanks for the information!!
Hi @mintymile
You can check Robiniaswap's roadmap over here And yes, the RBS token has been already listed on both coinmarketcap and coingecko
Nice to know thanks for sharing this.
Thanks for sharing your valuable feedback with me @mintymile
I'm not sure if RBS will reach 3$ target anytime soon, however I consider it to be quite possible within upcoming few months. Especially since selling pressure is already much lower and many of those who were dumping minted RBS tokens pulled out already their stake (since APR is to low for them to carry on).
Truth be told, I'm not sure what is exact road map they are trying to follow. I think a lot is happening on a premise of "go with the flow". They listed already RBS on coingecko and as far as I know Robinia team is working on building a bidbot, which would allow users to buy solid upvotes while paying for it with RBS tokens.
Considering the fact, that they are planning to have 500k-1mln SP under their management - this may be a good way to bring more demand for RBS tokens.
Cheers, Piotr
Learnt new things, thank you sir
Greetings to all, very interesting information that you share with all of us, really the price has been plummeting slowly and this is a good option to continue growing.
Thanks for sharing.
Greetings @project.hope 💕😊
I am really surprised seeing people selling their RBS token at such a very early stage or beginning stage of the project when there are still more impressive and great news to come. There's no doubt that most of these set of people selling off their RBS tokens are highly selling short due to the fact that they don't really know the value (RBS) they hold.
As for me, I've made a great decision from the on set when I began staking my steem to earn RBS tokens that I'll never sell any of my earned RBS tokens at such stage due to my level of hope and prospect on the project.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️💕❤️
Appreciate your feedback @hardaeborla
Greetings @project.hope greetings to all members of the community. Since the opening of the RobInia Project I have been part of it and started mining RBS. We certainly hope that this project can be consolidated for the benefit of all. I am already earning compound interest and reinvesting it.
Being able to bet the RBS earned by betting bsteem was a possibility I always had in mind since I minted the 200 steem, currently all the rewards of the Rbs earned by minting bsteem I am reinvesting in betting RBS, I hope that if all core team users mint RBS the price will be able to stabilize.
I find this project very interesting. I hope it continues to grow and we can get very good profits in the future. For my part I will not touch my RBS´s. They will stay there reinvesting what I earn.
Greetings friend, thanks for the guidance, I recently started mining RBS, at the moment I think the best strategy is to reinvest and accumulate RBS instead of contributing to the selling pressure, I consider this a long term investment that will give us better profits in the future.
hello @project.hope,
personally i think the best strategy to follow is the one the shiba community is using, they are committed to acquiring as many tokens as possible and betting them in the medium term, this way they reduce the selling pressure and give the project a better chance to stabilize. with the current prices of RBS tokens you can have a portfolio of investments with little money.
Thanks for checking out this post and sharing your thoughts with me @trabajosdelsiglo
I've never heard about shiba community and I hope you can tell me more about it (ps. check out your discord).
Cheers , Piotr