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Why I Love Hive...

avatar of @jongolson
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@jongolson
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3 min read

I haven't done one of these blockchain love posts in a while...

I've been so focused on building up my tribe and being obsessed with everything happening on Hive Engine, I thought it was time to remind myself how awesome Hive is!

I'm not going to ramble on and on about the amazing apps here, they speak for themselves. I'm a huge fan of the majority of them and have literally replaced most of my traditional social media with Hive blockchain based applications.

As an entrepreneur, this is very exciting. I don't feel the need to 'beg and plead' for followers and engagement on something like YouTube, I'll simply post on @threespeak and let the Hive community do the rest :)

What I wanted to focus on is...The investments here!

In today's CryptoManiacs podcast with @taskmaster4450 a question came up from the audience...

(Great question btw @mba2020)

Traditionally, we're looking at around 8% return from the S&P and maybe a little bit higher depending on what you are playing with. But that's what we are looking at with the stock market.

I know, I know...We can get 10,000% or higher on some yield farming and all the fun stuff DeFi provides. But for this post, I want to tackle the features and services we have right here on the chain.

Hive Power - The best little investment vehicle I've ever used!

Hive power truly is an amazing feature of this delegated proof of stake chain. Sure, it's got the governance elements, and allows us to vote for witnesses and proposals on the DHF. But what is amazing about Hive Power is that, once you power up your Hive, a while new world unlocks for you!

You can earn around 3.25% a year, just by staking Hive and not doing a single other thing but that wouldn't be much fun...So think of that as a bonus for staking.

What Hive Power does is unlocks the amazing potential of delegation!

The ROI completely depends on the projects you decide to delegate Hive Power to, but using a service like @dlease I've been constantly receiving around 13-15% on my Hive Power.

There are amazing curation projects too, like @curangel where I'm getting a very nice return, around 10-15% APR on some Hive Power I sent over there as well.

And that's just the tip of the iceberg. Hive Power truly opens up the blockchain as an investment vehicle like nothing I've ever played around with before. Now one would say, what happens to your returns if the price of Hive goes down...?

And I say...Welcome to crypto! LOL

Seriously though, for me, it's all about accumulation on this blockchain for the long run. So I'm still getting the Hive with every single Hive Power I delegate, and that's a win for me :)

Oh did I mention curation?

But wait, there's more....

Curation is such an amazing aspect of Hive, I think at times it even might get overlooked. Like other people's stuff on the blockchain by upvoting their content, and you get a share of the curation rewards in 7 days.

Currently I'm here on my curation...

(Stats via HiveStats.io)

So I'm beating the S&P, just from liking other people's stuff...

LOL I have to read that a few times. Let it sink in and pinch myself.

And 9.3% is low when it comes to curation. I've seen some people in my community get a steady 15-20% APR...Again... By liking other people's stuff!

And I haven't even begun to dive into everything going on with Hive-Engine and the tribes there either...

So some people will say...Hive is this, and Hive is that. It doesn't have smart contracts, it's not instant transactions, the development is slow, the whales aren't fair...

I've been hearing it for almost 4 years now since I joined the blockchain!

Here's what I do know...I like simple. I like things that I can understand and know that if I put in the effort, my bags will increase. Hive provides that for me. It's why the bulk of my investing in crypto is on this blockchain and I have no plans at slowing own anytime soon!

As always, do your homework on ANYTHING you invest in and NEVER spend a dime that you can't afford to lose.

But that's also the best part about Hive...You don't NEED to spend a dime...Just hang out and engage with this amazing community on the blockchain and your account will grow!


Our Token:

https://hive-engine.com/?p=market&t=CTP

https://leodex.io/market/CTP

Our Miner:

https://hive-engine.com/?p=market&t=CTPM

https://leodex.io/market/CTPM

Vote for our Witness Node On Hive-Engine:

https://tribaldex.com/witnesses (clicktrackprofit)