Hey All,
Who doesn't like higher APR [Annual Percentage Rate] rewards and it becomes more interesting when the rewards are paid out daily and there is no lock period involved. Our favorite token #HIVE has been making big STRIDEs when it comes to its trading price and has been trading in the range bound of $0.40 to $0.50 cents and at times have even surpassed $0.60 cents but then was not able to sustain those higher levels for long, often facing resistance and pulling back. So what is this SIMPLE EARN program that we have on Binance Exchange? In simple words - Simple Earn is a secure investment option on Binance where your deposits are protected in token amount but the value may change with the current market price. Lets say you decided to add 5K #HIVE in SIMPLE EARN program then your total token amount is going to increase every time the rewards is being giving out. Its market price will depend on the price its trading at that point in time. Here are some of the benefits::
But with #HIVE you are just earning APR of 40% at the moment. Have a look at my #HIVE that I have added in SIMPLE EARN program and the rewards that I am getting in real time. Its just been an hour or so or even less than that and I have close to 0.13+ #HIVE as cumulative rewards.
I have enabled the Auto-Subscribe feature that enables Binance to automatically subscribe for Flexible products, with all the assets in your Spot Wallet at 02:00 (UTC) and 16:00 (UTC) every day. Which means all the rewards accumulated will be further added i.e. giving it a auto compounding effect. As this is a Simple Earn - Flexible feature there is no lock in period and I am free to redeemed my assets at any point in time in full to my Spot Wallet. So what Next now? Right now with the #HIVE that I have put in I am earning close to 5 HIVE daily here is the math to it.
To calculate how many tokens you will earn per day with a 40% APR on 4,400 tokens, follow these steps:
4,400 × 40/100 = 1,760 tokens per year
1,760 /365 ≈ 4.82 tokens per day
Hence with an 40% APR, one would earn approximately 4.82 additional tokens per day if they have 4400 tokens staked in the SIMLE EARN program on Binance. I am thinking to make this total to 10K+ #HIVE and see how this pans out in near future. More #HIVE is good and more HIVE POWER is even better. I may further decided to get the rewards back to the HIVE Platform and power up all the #HIVE so as to increase my HP overall and reach the 150K+ HP GOAL by the end of this year 2025 even faster. Well I guess this should be it for todays post around - Binance - HIVE Simple Earn APR above 40% - Trying Simple Earn with 4K+ HIVE. In all happy with the investment yield from #hive and buying more stake in second layer tokens here on the Hive Blockchain... Happy Investing & #hive to the mooon sooon.... Yeah and $1 for #hive is coming... so stay tuned...cheers
Did you join Simple Earn program on Binance? Did you observe the spike in dollar value for your liquidity on hive-engine? Did you leverage the convert swap.hive and vice-versa service provided on Beeswap? Which service you do use while converting #HIVE & SWAP.HIVE? Would love to hear your thoughts around it in the comment box below? Cheers
#swap #hive #beeswap #binance #hbd #swaphive #crypo #hodl #hiveinaction #hivepump
Best Regards
Image Courtesy:: beeswap, peakd, coingecko, binance
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects...
