Hello Steemians,
Are you down in the dumps?
Has the bear market got you down?
Are you worried about the impact of HardFork 22?
I have those same worries, but I always find that discovering another stream of passive income with competitive rates picks me up a bit and soon I am smiling again. Today I will review a new passive income opportunity in a Token called good.game or GG.
Review:
As you might imagine with 60 plus new Tokens oSteem Engine, it’s hard to stand out. Plus with the bear market and HardFork 22 in less the 11 days, it’s hard for a new coin to get some attention. So they have to work harder and come up with something special. So when I read about the request for delegations of SteemPower to support this new gaming tribe I thought it was a good plan to help them stand out because the opportunity to make money always interests people.
Quotes from the delegation request post.
Delegation Plan
From now on users can delegate SP to @good.game and therefore receive interest in form of GG Tokens. For every FULL 100 SP you delegate, you will receive 2.5 GG Tokens every day. Those numbers are measured by the current average market value (last 2 days) of 0.04 Steem per GG. That means that the APR of your delegation is at 37%, which is way over average. We chose it that high because the price of Tribe Tokens is still fluctuating more than Steem.
For Example: If you delegate 1,000 SP you will receive a payment of 25 GG Tokens every day. (750 per month).
That's a great way to earn passively while also knowing that your SP isn't wasted and does good things for the whole Steem ecosystem.
Biweekly we will check on the market value of GG and adjust the profit distribution. That means: The APR will continously remain around 37%, no matter the price fluctuations of GG and Steem.
We are using part of our bounty budget as payment. The monthly distribution will be capped to 75k GG Tokens. If the delegations exceed our cap we will adjust the APR and tell our delegators about it.
Source
Conclusion:
If you delegate 1000 SteemPower you earn about 25 GG Tokens worth 0.04 Steem each or the equivalent of one Steem per day and 30 per month. That’s about a 37% APR rate, which is pretty impressive. This bidbot then promises to upvote only good content on its tribe stream about gaming. This bidbot currently has about 143,000 SP, so it’s upvote is about $1.40 USD at today’s Steem Price. Now I know a little about delegation and bidbots and this is a pretty above average earnings for bidbot delegation with the majority of Steem bidbots paying less. So if your interested in a high APR passive income investment, this may be your vehicle. I recommend you do your own research and due diligence. This type of program can cause inflation and coin value erosion if the investors are net sellers not holders. And only time will tell if the corresponding sink function for this program will keep inflation at bay. I am investing in it and I will report on my experience later. @good.gaming
✍🏼 By Shortsegments
