The ADDAX fund continues to rise while the market stares into the distance.
The key data:
ADDAX fund value = 1130 STEEM (+22 STEEM)
Tokens in play = 14,935
ABV estimate = 7.57 STEEM cents (0.0757 STEEM) UP from yesterday
Profits still coming in, largely from the CATS and KITTENS game and also from post and curation rewards.
This round of ADDAX has seen a bit of experimenting with tokens. I've not been a great fan of mining tokens as they tend to drift towards dwindling returns, then followed by a drop in the mining token price. Also the lottery-miners favour the largest stake-holders, hence the obvious creation of mining pools to mitigate this.
So, have also looked at other token-types; I thought that tipping tokens would be more prominent now that comment upvotes are largely a waste of good VP. Today would like to look at TRENDO token. Your tip is split with 60% to the post creator and 40% to the tipper. Each tip appears to be worth 0.035% in total and proportional to your staked TRDO tokens. I don't know if there is a daily limit on usage - will let you know if I discover it!
So, each day I'll add a couple of ADDAX players to my TRENDO tipper :-)
You'll know it when you see it!
A reminder that anybody can join in at any time. Just either buy what is on the market or, better still, place a buy order just above the current ABV.
Any feedback is appreciated.