Experiment: I much I made staking KAVA for 21 days

About a month ago, I was looking for some staking opportunities with coins I wasn’t familiar with and I found KAVA, and I picked it for a technical and logical reason… I liked the name. Kava is the Serbian/Hungarian (and a few more) word for ‘coffee’ and I’m a big fan of coffee, so I thought… why not?


I know that some people are going to giggle because a lot of YouTubers out there allocate thousands of dollars for this experiment but I’m a lot more conservative than that (and poor-er) so I thought $95 would do. On December 13, I bought 27 KAVA at 3.5248 per coin, so that’s $95. I staked that amount for 21 days at a 33.7% APR.


Twenty-one days later, staking had generated an additional 0,4845, on January 4, when I claimed the rewards, that amount was worth $2.57. In the meantime, the price of KAVA has gone up so my initial $95 investment is worth $150.69.


So what have I learnt? Two things. One, I stake all of my stakable coins on Binance and/or with wallets that allow it and use various apps like BlockFi to earn interests on the other coins. But I do that with coins I’m familiar with, and most of it is in BTC anyway. This was basically a gamble, and yes, I bought when the price was low but I certainly wouldn’t rely on this strategy in the long term. Two, I sold half of my KAVA (for BTC, duh) and kept the rest just ’cause you never know. And two, coffee never fails.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code

Advertisement

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s