I’m sure you must have heard of active and passive income. Well let me give a brief explanation of active and passive income.
Active Incomes just as the name implies, are incomes gotten from your activities. Your income stops flowing when your activity stops. These incomes are seen in the case of employees and one man’s business self employed
While passive income is a situation where your money works for you. Your activity doesn’t determine your income. You still make money while you sleep. This manner does not require much efforts. But sometimes before one can start earning passively, he will need to put a lot of efforts at the initial stage. For instance, like developing a blog or leasing a property.
With Hive/Leofinance you have the opportunity of earning both actively and passively. I will start by explaining how to earn actively.
You can earn actively by creating content and curating contents.
When you create contents, you get curated for your content which has a time window of 7 days. Meaning that after your 7 days period , you don’t earn from that content anymore. You need to create more content to earn more rewards, so your activities (creating content) needs to be constant. You stop earning as an author when you stop creating content.
When you curate contents you earn a reward known as curator’s reward. The more you curate, the more you earn. You stop earning when you stop curating.
Let’s move to how you can earn passively through Hive/Leofinance. You can earn passively through, staking, delegating and my best CUBdefi. Don’t worry I will explain them
So when you stake your Hive/Leo you get passive % income ( not really sure of the actual %). When you delegate your Hive/Leo power to an author/curator, you earn when the author curates. So you earn while you sleep as long as the curator curates. The last and my favorite is CUBdefi, CUBdefi is a defi (Decentralized Finance) platform that allows you stake, and farm but in CUBdefi, it’s called farm, den and kingdom.
These are the varieties of ways you can earn passively with CUBdefi
Now you know this, I hope you make a smart decision and start earning both actively and passively.
