Step'N GameFi, earn by moving around

 Warning: There is absolutely no financial advice on this or on any other pages of this blog.

Good news!

Jogger, runner and walker, you can now earn by staying healthier!

If you have been around the GameFi space, then surely you already know this controversial project. This project offer utility token, the GST (green satoshi token) as rewards, and this is the token you need to spend in order level up/upgrade/buy equipment so your sneaker earn even more.

In the same time, GST value has been very volatile, its value has been dragged by the overall value clash around the crypto space. It went to 10USD and now drop to 0.53USD by the time of this writing. So for me, enjoying the game at lower cost/loss is better when the game item in the game is lower in price (compared to peak price on April 2022, which range around 12-18 sol).

Drop from USD5 to USD0.53

Before you start, please do your own research (DYOR), don't invest with your hard earn money which you can't risk losing. Again, the value of GST has been dropping from approx 10usd to 0.50usd, and this has pushed away many investor who joined at the peak floor price and hope for just profit instead of enjoying the game. Be informed!

How to get started?

1. Download the app from Apple app store or google play (visit official website for download link: https://www.stepn.com/howToPlay)
2. Get activation code from Stepn discord or get the code from your friend who has it
3. Create a wallet and keep your private key (seed) in a safe place (if anything, you'll need this key to recover the access to your wallet)
4. Deposit Solana into your wallet
5. Transfer solana from wallet to your spending wallet
6. For starter, look for a sneaker with good Efficiency and Resilience (you can ignore luck and comfort at the early stage of the game)
7. Try start moving with the app without any owning sneaker (Test the speed you like, so you aware of which type of sneaker you should own, there are walker/jogger/runner/trainer)
8. Buy a sneaker (If you don't exercise often, I recommend getting a "walker" to start with)
9. Wait energy to be filled (2 max for first timer), your energy will get filled up 1/4 of your max energy every 6 hours.
10. Once you have the energy filled, start walk/jog/run & earning!

Delving deeper in the "why"

Point 7 is important, to make a wise choice, you should consider which speed you can keep steadily for a period of your effective energy spending period. Given that you have 2 energy to spend, it gives you 10 minutes of moving time. If you have a runner type sneaker, this sneaker expect you keep maintaining the speed between 8km/h - 20km/h for 10 minute to maximise the earning.

Any speed outside of this 8-20km/h is not calculated into your earning, it means you are losing the earning as you can't maintain the speed.

Type of sneaker

• Walker: 1 - 6 km/h
• Jogger: 4 - 10 km/h
• Runner: 8 - 20 km/h
• Trainer: 1 - 20 km/h (this is best option, but it's also the most expensive type)

I'm not a runner, I seldom move at the constant speed of 8km/h, my stamina has room for improvement, I regret my purchase now. All in all, test your preferred speed first before you make your purchase decision.

For me, getting a walker in Point 8 is safest.

I walk my dog often, with that I don't move very fast and usually it falls between the 1-6km/h range. This speed is also reasonable speed for a daily random walk around the street, I won't get wrong moving within this speed range.

Earned 20 Myst running Mysterium node for 3.5 months

Warning: There is absolutely no financial advice on this or on any other pages of this blog.

Earned 20 Myst 

You do the math to evaluate if it is worth running the node at home. 20 Myst is approx USD6, you earned roughly 2 dollars a month. This calculation also discounted the electricity used to run the node.

It really depends on the userbase of the ecosystem, if not many users are looking to run their internet as your geolocation, you may earn really less.

Withdrawal transaction fee that's costly a little too much

The settlement fee is fixed at 20% + the blockchain fee.

So, with these fees, you are losing more than 20% of your earnings each time you withdraw.

The settlement with a 20% earnings deduction

If you earned 5 myst, your final income is roughly 4 myst. And this withdrawal is done automatically whenever the earnings reach 5 myst.

Next, you can also see the exact amount you are getting from their [Auto withdrawal: On ] button.

Honestly, I'm not a fan of the 20% settlement fees, I believe no one does like it. For node runners with low earnings already not getting much, the 20% further reduces the motivation causing us to lose interest fairly quickly. Hopefully it's something Mysterium Network would focus to improve in the near future to help and motivate the low earners.

CakeDeFi - Earn passive income by staking your crypto and forget about it

Warning: There is absolutely no financial advice on this or on any other pages of this blog.

Old way of earning from crypto

It's been a while having my crypto sit quietly in my crypto wallet. As an non-savvy crypto owner, mining and trading crypto is most I know about how one can earn from crypto.

Crypto Staking Experiment with Cake DeFi

"Staking" has been a new term to my early this year (of 2021). It's nowadays an easier approach to generate revenue with your available crypto without the need of hunting for expensive GPU (for mining) and additional payment monthly electricity bill.

My first staking experience was started with CakeDeFi (affiliate link)

My first experiment started 4 months ago (April 2021), I transferred 20 DFI to my partner. And then she directly put them all into "Staking" with auto-compound and she forgot about it until she received an email today.

20 DFI + staking became USD106

In this case:

20DFI worth approximate USD75 (4 months ago)

20DFI + staking (auto-compound) = ~USD106 (August same year)

Looking at the chart below, I picked the peak value point on April as example. Compared to the highlighted value, it has lower price today at the time of this writing (USD2.79 / DFI). The value of staking with autocompound compensated the drop in USD value, while still profit from the extra DFI token earned from staking.

USD price changes of DFI

How does earning from staking work?

When you stake your DFI, you get paid with DFI twice a day. 

Here's come the best part, all you need to do, in short, stake your DFI and forget about it.

You have an option to enable "auto-compound" and let it to continue to stake with all the new earning without having to manually add them after every earning cycle. Which it also means, we can just stake now and forget about it until you login again next time to find out how much you've gained in your asset, but just remember to enable "auto-compound" option.

DFI Staking - auto-compound setting

The following is an example about daily earning:

Auto-compound (staking) & Earning

See the result for yourself first

Okay, since the very first transaction would usually require you spend hardearned money to get started . Please don't simply believe that anyone can just earn a fortune out from this.

Risk is always there, for a non-savvy crypto owner, I'd usually start small (where it won't hurt a bit if I lost all of it) until I've gain enough confidence to make a big decision. Trust no one until you see for yourself first.

This isn't a financial advisor post, please DO NOT read or treat it like one. I'm not any certified financial advisor, I'm just sharing my good experience with what've achieved with CakeDeFi. If you are a owner of crypto already, then you may have already know the how's its volatility affect its value, so please be warned, do it only what you think you capable of, never overdo anything. Like the old saying, never put all your eggs in one basket.

If you are interested to get an account, you can use this CakeDefi affiliate link and get extra USD$30 worth of DFI after you sign up & make your first $50 deposit.

How does it looks like inside?

Liquidity Mining (risky, due to the volatility value changes - Impermanent Loss)

Impermanent Loss happens because you add liquidity in pair (BTC - DFI as example below).

Either of the crypto drop or rise in value, the other paired crypto would need to increase or reduce itself to breakeven and to maintain the initial share you have started with.

Interface for Staking DFI

This one is straight forward. You'll need to swap your token into DFI, and start staking.

You'll get staking reward every day, and "auto-compound" option will help you auto-stake the daily earnings, so you are staking with the most DFI you have available (to maintain highest earning capability).

Have fun staking!

Folding@Home - Contribute idle computer processing power to science research

Folding@Home

What is Folding at Home (or in shortform, fah)

It is a project that allow user to contribute their processing power during computer is in idle status. The contributed processing power will be used by fah program to help scientist finding cure for deceases, and processing power donor would get some compensation in return in crypto form (different options available too).

If you don't have any GPU, CPU alone is enough to get you started with the folding.

Kalium Wallet

What do you get in return?

Yes, contributing idle processing power will still consume electricity, contributor might think about getting compensated for the power consumption at home.

And here's the example of compensation I received so far. Meanwhile, I'm not into contributing to earn, that's not my purpose, and so shouldn't you. Otherwise, you'll be hunted by annoying inner voice which get you keep checking at the compensation figure every single day or worse every single hour.

Banano & Kalium Wallet

In the picture at the right, the transactions list is what I've received from contributing to FAH as a Banano team. 

How to do it?

1. Get an address (a long text that as your ID) from any listed wallet on https://kalium.banano.cc/ (I picked kalium)
2. visit bananominer site to get started with your address.
3. enter required info into https://client.foldingathome.org/ (after FAH installation is completed)
4. setup a passkey that let F@H know that the contribution is from you, this will earn you more bonus (they claim so, but i haven't able to check how much more bonus you'll get with passkey attached).

Lastly, I've seen topic about getting payout in dogecoin, but I haven't manage to find any reliable guide to try with. So I think it's still best to stick with banano team, as it's been number 1 ranked team until these days at the time of this writing.

Banano Team, the number 1 FAH contributor

To learn about available projects and the stats of their servers which you'll be contribute your processing power, please find the useful links below:
https://folding.lar.systems/projects/
https://foldingathome.org/statistics/