When I started on this blockchain, I was following my objective to earn an income online. I was active in plenty of places and had quite a lot of income streams. Over time, one after the other of these income streams dried out and my activity was more and more concentrated on the hive ecosystem.
In the context of the weekly Liotes Mission, I asked our community about their crypto income sources outside of the hive ecosystem and I was surprised to see how few people were actually earning outside of hive. Some people are playing games on WAX an earning some peanuts there and other people have some coins in liquidity pools outside of the hive ecosystem. The big majority, however, has concentrated their efforts on Hive.
Is Hive the best place to earn crypto online?
When you look at the different possible income streams that the crypto world offers, you have the faucets, the paid-to-click websites, the surveys and other paid-to-do things. The income that these provide is often quite small and the tendency is towards less and less rewards.
On hive, the earning options are numerous. Of course, there is the blogging aspect where you can earn hive, hbd but also plenty of hive-engine tribe tokens. Then you have the games like Splinterlands, Rising Star, Terracore, Golemoverlord, dcity and all the others that allow to earn some tokens. You can get rewards and fees for providing liquidity in Diesel pools. You can earn from curation, for delegation, for putting HBD in savings or from commenting. Then there are all these tokens that pay dividends when holding them... In the Hive economy, there may be dozens of income sources that are here for us and we can use as many of them as we want to generate an income that can become quite interesting combined.
Leveraging the income
Thanks to interests on HBD, curation and organic staking rewards, we even have the option to scale our income. The more skin in the game we have, the more substantial our income might become.
The next steps
I believe that Hive offers something quite unique in the crypto world and we need to push this side even more by bringing more e-commerce to hive. Once you combine the fact that you can earn tokens on hive and then spend the same tokens on hive as well, the cycle is closing and I believe this will provide a big push to the whole ecosystem. There are some solutions in existence already but they need to get better, easier to use and available for people without coding knowledge. I would like to see a paypal type of button that could be integrated in posts or comments and that could be used as an order form. So every post could be a sales page...
As long as hive provides the ability for people to actually earn money, it will always be useful and thanks to the scalability, there will always be people who will want more hive to increase their income. I believe that this is an aspect why Hive is still successful in spite of the difficult market conditions that we face at the moment.
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