ADDAX Daily Report - Free Upvote and ADDAX Returns - Day 15
The numbers first: the fund is up nicely at 1038 STEEM (+7 STEEM), with 22,703 tokens in the game this gives an ABV of about 4.57 STEEM cents - up on yesterday.
Today has seen a more modest rise in ABV, from 4.54 to 4.57 STEEM cents - that's about 0.9% rise in one day.
Not a huge amount to report today. We have bought into the TULIP token and it has finally pushed its way above the stubborn price-point of 0.786 cents. Now is just a matter of waiting for the TULIP fund value to rise. Obviously, ADDAX will finish before the TULIP Game, so we will have to cash-in in a couple of weeks.
As ADDAX is half-way through the game, worth reflecting on how its value has increased. The first couple of days are always a bit volatile as many tokens change hands, but let's look at the last 10 days.
In 10 days the ADDAX asset-backed value (ABV) has gone from 0.0395 to 0.0457, a rise of 0.0062 STEEM cents. This is an increase of 15.7% over the 10-day period; this is equivalent to an APR of 573%! Not bad at all.
How is this possible? Simple magic and mathematics.
Like I said, not much to say today! ;-)
Now on to today's random upvote! Our VP is not huge, but still makes some nice bonuses.
Today's random upvote goes to... @eturnerx. Congratulations!
Feel free to ask any questions. Enjoy the ADDAX trading game!
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
Hooray! Thanks for the upvotes!
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Believe my buy in was all done under the 0.02 value. I think I'm sitting pretty good, as long as I remember to sell at the end...
Yeah, I suspect I'm gonna keep bugging people during the last days - the end is near!!
Actually, ADDAX has rather a small cohort of players left.