NOTE: If you are already a member of this glorious little blockchain, you can ignore this post. This won't be news to you. And you may end up reading this and say...Well, of course Jongo, everyone knows that!
Building businesses online is an uphill climb!
Over the years, you are going to hear a lot of different theories on what it takes to make a living online. So while online experts are a dime a dozen, I thought I would tackle this topic from another angle...
Again, this is something I'm sure you've heard before and rightfully so. A fantastic game plan for building a steady online income is to in fact have, multiple streams of it coming your way.
Of course, there is the fact that it takes time and focus to build just one income stream up but let's take for a second one of the most important streams.
To me, that's the foundation.
Not necessarily your main income source, but the solid foundation that you don't need to worry about. The one you know will be there, day in and day out. A lot of different opportunities online come and go. Some days you will have a great day of revenue. Others, you won't.
So that foundation is crucial to allow you to operate you day to day operations.
Certainly this can't be something as volatile as crypto right?
Waaaaaay too many ups and downs!
Let me share with you a unique stablecoin that you may have not heard of....
This is the Hive Blockchain Dollar or Hive Backed Dollar from the Hive Blockchain.
A quick little 411 on Hive....It's one of the only true decentralized blockchains online. And I know, lots of chains out there claim there are decentralized, but if you can name the owner, founder or creator of a chain, it's not decentralized.
Hive is real #web3 , decentralized and a thriving vibrant community of creators and enthusiasts. And while I'd love to pitch you on what you can build on Hive, especially as an online entrepreneur, that's for another post.
Today though, let's talk about...Foundation!
The HBD is a stable coin that is part of the circular eco-system built on Hive. And it's not backed by fiat, or some fake bank accounts ran and controlled by the owners. It's based on code, and backed by...The blockchain!
Huh?
There's some fantastic resources out there explaining the ins and outs of this stablecoin, but here's the nuts and bolts...
Every HBD is backed by 1 USD worth of Hive.
And as it's not backed by make believe fiat and magical bank accounts, the conversions happen all day every day. No one controls HBD and Hive, it's a decentralized blockchain. Which has to be repeated because it's so important that you understand this. No one can 'take' your funds from you! Ever!
So how is this a foundation for online entrepreneurs?
Because of the interest rate that current HBD holders are enjoying....
Backed by the blockchain, HBD holders that put their HBD in a savings account, get 20% APR on their stablecoin! No fluctuations.....No worries about your funds being stolen or frozen.
This is powerful for those of us that want to do a few things:
Develop a steady, reliable and safe income stream that doesn't fluctuate!
Create a foundation for our online business with a revenue stream that continues to grow at 20% a year...Without doing a thing!
Introduces us to the amazing potential of the Hive blockchain. Which, once we dive in more, start to discover the insane amount of opportunities on one of the only decentralized blockchains online.
This isn't an exhaustive post about HBD, just enough to hopefully get you thinking about the potential of creating a solid foundation here. Building prosperous and steady revenue streams online doesn't have to be complicated or hard to do....It just needs to be reliable and safe.
HBD checks off so many boxes!
Want to learn more about how to build income streams on this incredible blockchain?
We're hosting monthly live strems that showcase the potential of Hive and everything being built here. Join our exclusive mailing list below on InLeo to get updated for when we go live:
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