Let's talk a bit about Utopis today, it's actually a bit surprising we don't get to see more posts on this project.
This is one of the best dividend/passive income token you will be able to find on Hive.
And I'm not saying this to pump my bags... well not only :D
But first thing first
You can find the baseline concept in the Whitepaper.
Given the funder, @chronocrypto, published it in February 2021 some changes have been made here and there, new income streams developed, etc.
So I'll try to give you some highlights and show you how sexy this project is.
We should address the "How" first, how UTOPIS is able to distribute very generous dividends without going broke where many similar projects failed ?
Is the money growing from Internet magic tree ? Not really ;)
There are several income streams and Chrono is always trying to add more whenever the occasion arise.
But to name a few:
There's more to list, like with the recent Splinterlands boom, Chrono has dusted his account off and been investing in cards.
Not sure how it will unfold for the project but you can be sure a chunk will fall in UTOPIS bags.
The man obviously knows how to make money, let's see if he knows how to give it back to us :)
That's correct, you will earn weekly dividends (transferred on Monday) by just holding UTOPIS tokens in your wallet.
You don't even have to stake it to enjoy those fatty dividends !
Well if you do you'll get a bit more but I'll come back to that just after.
From the start of the project till very recently, holders were given HIVE only with APR you would not be able to find anywhere else.
APR (based on most recent payout + Recent price of UTOPIS): 70%
And that's not including the additional HE tokens rewards I'm going to talk about right now.
Since September 19th holders are given HE tokens on top of the HIVE dividends.
Here is the list of HE tokens sent weekly:
That's another very recently added feature (September 30th) which is boosting your dividends if you stake your UTOPIS.
The boost is about 10% and is shared between stakers, so the more stakers the less boost for you.
BUT keep in mind you still get juicy rewards even if you don't stake - obviously I'm trying to deter you from staking :)
Big thanks to @bala41288 who built this UTOPIS website with love.
Some interesting information you'll find there.
Dashboard
With Total/Circulating/Burn supply, market price and trading volume.
Did you notice 72,544 tokens are staked ? if you remove 54876 tokens held by Chrono you reach a 76% staking percentage.
Apparently holders are not willing to sell :)
HIVE payouts
Neat stuff, all the HIVE distributed to all holders from the start of the project and the very first dividends.
HE tokens payouts
Same but for all HE tokens
Individual payouts
Same as above but for a specific user - coming soon
Richlist
Go have a look, I seriously mean it.
You'll find Hive OGs, Hive wisemen and the best passive income token funds there.
Oh you'll also find some lucky bastards who got lucky and "met" Chrono right before he started UTOPIS project.
Current UTOPIS holdings value
For sure there will be a full bag of rewards coming weekly.
You'll seriously start to love Mondays and their dividends.
Isn't that sweet ?
A possible Airdrop for those who staked their tokens - no information shared yet but it's in the process.
A possible token burn - that was mentioned in the whitepaper already so a long time idea.
Following BRO pattern/experience and the positive impact the burn had on the token.
An increase in profit sharing percentage.
Doordash master Chrono is thinking to increase the share of doordashing revenue going directly to the project.
What does that mean concretely ? the man is going to keep working his ass off doordashing and give more to us UTOPIS holders, as simple as that.
I really thought twice before to share this with you because all of you will be cutting my APR down ;)
So here we go, you can earn UTOPIS by providing liquidity in some Diesel pools !
Which ones ? I've said enough, go find it by yourself !
I didn't check it all but at the moment you have:
Would be great if you could cast a vote to Chrono HE witness => chrono.witness
Any Hive witness coming up someday @chronocrypto ?
Go have a look at Chrono gallery on NFTshowroom.
You can even buy some made by UTOPIS designer.
Here are some links to buy UTOPIS with your SWAP.HIVE.
On Hive-Engine
Or Tribaldex
Or Leodex
And a last word to join us on UTOPIS discord channel.
You'll get fresh UTOPIS news and latest ideas from Chrono.