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An Update On My 900% ROI
Realities of Investing
TL;DR, In 2020, I received 100 STX tokens via an airdrop at a value of $10. Those tokens’ value rose from $10 to $96, which meant a 900% increase since I got them, and I plan to keep them for the next ten years to see if they’ll be worth anything in 2033.
You can see that even with the phenomenal returns, I have made less than $100 in 3 years. As I’m writing this update, that 900% return is more like 760% today due to varying token prices.
So yes, the big update is that the $96 I told you about in the first article of this series is now $76. But all of these have been made with none of my money, just the initial $10 airdrop.
Why do I care about this token?
STX and the blockchain technology (Blockstack/stacks) to which it is native are interesting for several reasons.
It expands on the practicality of Bitcoin. In the past, bitcoin was less practical than Ethereum. It never had smart-contract capabilities and the proper infrastructure required to deploy practical applications on its blockchain. Then stacks technology was built on top of the Bitcoin network to solve all these problems. By capitalizing on the security level and popularity of bitcoin, Blockstack makes bitcoin technology much more valuable, making it [Blockstack] likely to also become valuable as a result.
Another reason is that Blockstack is built focusing on personal control of online data and identity. Users can choose which data to share, whom to share it with, and where that information is stored.
Finally, this token was the first to work closely with the SEC to develop a protocol from scratch, and its digital token offering had an A+ regulation.
In summary, three reasons make me pay attention.
- Growth potential.
- A practical solution to a current problem.
- Regulation as a potential hedge against bad actors.
Why I’m not investing more in it
So, after singing all these praises, why am I not investing more than the initial $10 airdrop?
