Passive Income with Crypto Now Breaking Records
There was once a day when you had to mine all of your crypto. Putting hardware and software together, supply the power and put in some work to manage the system. This was a somewhat passive way to earning crypto and real money value.
Since then things have changed, mining went to a select few and writing articles for platforms like Hive opened up new possibilities to earning crypto. Since then few other platforms have launched to offer up rewards and while they are somewhat passive they are mainly hard work, with lots of effort to earn crytpo. (That's 100% ok! it's a great way to start building stacks of crypto and putting in the work. The next step is to take that stacked crypto and put it to work.
Lucky for us HIVE blockchain offers ALL of these things now. It's become a huge powerhouse for earning value from your work and it's now come full circle.
The Circle
- Write quality articles / leave quality comments on others articles to increase value
- With those earned rewards you can do a number of things
LEO - put it into DeFi via CUBDeFi
HBD - Put into savings and currently earn a 12% APR
Hive - power it up and earn 2% APR but also curation rewards - Write more!
Passive Income
With Hive there are many communities in which you can be a part of. Many of these communities offer their own 2nd layer token in exchange for posting there. Because of this you can then earn these tokens for posting and for commenting and then combine them with your swap.hive and put them as liquidity into BeeSwap.
Beeswap is yet another way to stack and build passive income with people using the swap system you start to earn some of the fees generated from it.
What's really awesome about this is you have the power and capability to start this right now. It all is a process and it builds over time. For example the 70k hive I now have today is from accumulation of posting, commenting, investing a large amount of money and staying consistent with all of it over the last almost 5 years now.
This is the same for investing in stocks and building dividend income. The income I now generate off of stocks and dividends has been from Investing and constantly investing for the last 7 years. It doesn't happen over night and you should stack as much as possible. The big difference with Hive over stocks though is you need little to get started. You just need to put in the work and yes I would consider it a full time job that won't pay a full time income at first.
You see every day I do my best to write an article such as this to provide value, drive traffic to hive/leofinance. I also spend a good hour reading and commenting on other posts (or at least try to this is something I want to do more of in 2022) and curating content of others. From that I'm able to build an increasing portfolio that I then invest into defi/swaps and other platforms that are "passive" That means little work and continued growth of those assets. It's possible and you can do it!