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.
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Well said
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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.
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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?
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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.
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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.
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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
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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.
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Wow...thats good to know, thanks for the information!!
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Hi @mintymile
You can check Robiniaswap's roadmap over here And yes, the RBS token has been already listed on both coinmarketcap and coingecko
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Nice to know thanks for sharing this.
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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
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Learnt new things, thank you sir
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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.
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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 ❤️💕❤️
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Appreciate your feedback @hardaeborla
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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.
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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.
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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.
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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.
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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.
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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
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I have dropped publication on this and recently I was away because I had some pains on my leg which I had to attend to. There is every tendency that those reinvesting today will smile someday. Not selling your token is for your own good. I am a holder and will continue holding
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hope it's nothing serious @tfame3865?
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I will continue to bet. I have no plans to sell. When I decided to enter this Robinia project I saw it as a long-term investment. We will continue to bet and trust.
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Hii,
This was a very informative post! Couldn't agree more the best course of action would be to reinvest the mined RBS tokens, We just need patience and it will work out well in the long run :^)
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I have not sold my mined RBS tokens, rather I have staked it back into the platform to keep mining. Which means I am mining from both BSteem and RBS. I feel this is the right investment strategy to use at the moment.
I forsee RobiniaSwap become huge very soon.
Nice one buddy.
Resteemed for added visibility
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Indeed, we are betting on a good future with RobiniaSwap project, I am sure that it is worth to continue mining with this project and above all reinvest what it generates either by Bsteem or RBS, in both cases it is a win-win.
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Im glad to know we're on the same page @lanzjoseg :)
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Greetings my friend, betting and reinvesting at this time is the most appropriate thing to do, because of the profits you have commented it was expected that many of the early investors would want to take advantage of the price, creating a strong selling pressure. I hope to join the project and follow your recommendation, reinvest the tokens to help maintain their token value thinking more in the long term.
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Good Idea it I like the idea of staking the rewards in RBS to earn more RBS by staking them
Resteemig the post for increase its exposure
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First of all I agree with you, that selling pressure is very high right now.
Secondly I have not sold any part of my RBS token and will. Continue to mine as the price will slowly come up. As they are launching new service.
Currently the price is stable for now as those who want to sell their RBS token had sold already. Now slowly the price will increase this is my assumption.
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what service do you have on your mind @adityajainxds? bidbot or something else?
Cheers, Piotr
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Greetings friend @crypto.piotr from the beginning I decided to go minting my RBS and leave them in stake, thus generating more avoiding the sale of them, I know that in the near future these RBS will have other functions that can be of great help, also its price can rise considerably, so we can get many benefits, just have to be patient, the project has only 1 week of its inception, there is still a long way to go, excellent incentives to all to reinvest the RBS.
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Thanks for dropping by @chucho27
And naturally, Im glad to know we're on the same page here :)
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Well, best approach at this point is to mine and restake. Price is in the mud currently and I believe the team is working on new stuffs plus supply rate is shrinking.
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Hello, greetings to all, thanks for the information, the price of the coin is very low, it is a good time to save and wait for a next rise. Greetings.
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Good to know that we're on the same page @franyeligonzalez :)
stay safe
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Hi friend, will follow as advised in the post. thanks
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Hello there!
It's great that you've shared this with us. I believed from the very first that it would be the best to mine and stack RBS instead of selling, maybe the price was so good at first but on the long run the price might go high, maybe not as before but with the amount of RBS that you have it will be way more profitable in my opinion.
Thanks for sharing!
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Hello friend @crypto.piotr.
Thanks for constantly educating us regarding Robinia, actually that's what we should do, that is to bet the RBS tokens and not sell them, like my colleagues I think it's all a matter of having patience and later on we will be reaping good profits and helping to consolidate such a project. Greetings and thanks for sharing these words with all of us.
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Restaking should help reduce the dump of RBS tokens, which will give rise to the price of the token.
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Your post is manually rewarded by the
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It is entirely normal to feel the pressure to sell at the thought of losing the initial investment. I suppose that the fact that the RBS project initially distributed a large number of tokens and then their value increased considerably was the driver for many to perhaps sell what they considered to be a surplus. Certainly, you have to wait because once the value of the asset is found to have bottomed out, it can go through a period of stability where its value remains static at the bottom or have a rebound, in both cases depending on the volume and movement of the market. It is good advice to wait, however, there are those who may be victims of panic to lose everything. A big hug.
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thanks for that comment and your big hug @emimoron :)
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Greetings dear friends of the @projectthope team, without hesitation from the beginning I started betting the RBS tokens I acquired, it is a project that is starting and has several benefits for those of us who are in steemit.
We must be full of patience and of course leave betting the steem that you are not willing to use in the medium and long term, to continue generating RBS.
See you later, have a great start of the week.
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Thanks for the reminder, its quite obvious most investors only care about making high return in every project. sure we all wish for same profit what we don't realize are profit are not made out of tin air due process need to be followed which requires patience and trust in Robinia, the project team have been putting lot of energy we would do our part by holding although i don't intend to sell my minted RBS for now cheers to everyone making this project a success.
I guess this isn't just about Robinia but also keeping steemit token value with more use case.
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Interesting!
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The team promised to introduce different products and I'm particularly excited about AMM2 (a similar copy of pancakeswap). I think there is still much room to grow in that niche. So, let's hope things will go well
I've been staking all mined RBS tokens since the launch of Robiniaswap and haven't sold any.
Thanks for the advice
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Read and followed instructions to mine RBS
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Greetings to all dear team, read and understand the points of this publication. In my case I invested in the robinia project and the RBS tokens that I have been able to generate (about 50 so far) I have reinvested to generate more RBS tokens, I am waiting for the value of the RBS to increase, although in particular I do not plan to sell, except some kind of urgency, but on the contrary to continue leveraging the value of the RBS.
Greetings to all!
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Hi dear friend @crypto.Piotr
I also sold my first RBS tokens, but from now on I plan to leave there mining that money until the end of the year.
thanks for everything dear angel , you save a lot of lifes , god bless you
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While I need to say that the price has dropped considerably since I began mining RBS, I am glad to have found this bridge and DeFi.
With HOPE for a brighter future for all! Thanks Robinia and Project Hope.
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Hi , I am doing the same, since the profits generated have been changed to RBS, waiting for my publications to expire to continue investing in RBS. Likewise, thank you for reporting.
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I still think that we must be patient with this project, it is new and we must wait for it to stabilize in token (the price), and the idea of staking seems great to me because it is a positive support for the near future of Robinia Swap
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Greetings my friend, no doubt it is necessary to ensure the consolidation of the project, thinking about the benefits and contribution to the community, personally I have decided to continue investing both the extracted from Bsteem as an additional RBS at a low price, thinking about a consolidation and reputation in the price action. Regards
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I didn't sell anything and I am Staking RBS in pools because there is no charge and I also see this price level as it's bottom. I expect that price will recover once there is more usecase of RBS token and the time is not to mine more RBS.
Thanks for sharing the advice and hope other follow the same. As always post resteemed
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Im glad to hear that this is what you chose to do @alokkumar121
Also I appreciate your comment and resteem :)
Cheers buddy
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@tipu curate 5
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Upvoted 👌 (Mana: 0/5) Get profit votes with @tipU :)
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I am still checking the waters. I just logged in with my metamask wallet.
I still looking at the pools available.
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