In the previous post, I mentioned the changes to the list of tokens I stake on Hive and the update to my activity on the concept of Hive snowballing. In this post, I'll follow up on those ideas.
Everything I discuss here is my experience and is geared toward users like me who have little to no capital to invest. I primarily use the profits I earn through publishing content on the Hive blockchain, using faucets, or PTC (Pay-to-Click) sites. Everything mentioned here is related to the Hive blockchain or its Layer 2 tokens.
Disclaimer: What you do with your money is your own responsibility. Do your research before investing.
The concept of Hive snowballing came to mind while analyzing my personal account and ways to earn dividends on $Hive. The first steps are always the hardest, even more so in a context like Cuba's, with average salaries of just $12 per month. It took me about two years to reach my first 1,000 Hive staked (Hive Power [HP]). Now, since October 2024, I've increased to 1,798 HP, at a rate of 100 HP per month. If this sequence continues, it will take me 10 months or less to obtain the second 1,000 Hive staked. That's 58.3% less time to go from 1,000 to 2,000 than it took me to go from 0 to 1,000.
So, why not implement a snowball strategy with Hive income? What would be a strategy to accelerate these first steps from 0 to 1,000?
Of course, this only applies to those who view their Hive account as a personal business and are in it for the long haul. If we previously explained the two main strategies for implementing this snowballing Hive concept, today I'm updating you on the one I'm developing.
First, I receive 100% of my blog rewards in HP. The established goal is to reach 3,000 HP. Once this new milestone is reached, I will reevaluate the objectives to define how to receive author rewards.
In another goal achieved, I managed to stake 120 HBD to earn 1.25% monthly interest passively, or 1.5 HBD in monthly interest. From now on, all HBD earned will be converted into different tokens to increase the amount of these tokens in staking, delegations, or increase my position in the liquidity pools in which I participate. The goal of using this compound interest is to create a base that allows me to meet expenses without affecting my HP and, if possible, the interest earned covers my basic monthly needs. A tough challenge, but a long-term one.
In Cuba, about 20 HBD would be enough to cover a month's basic needs; in other countries in Latin America, Africa, or Asia, the figure would be 200 to 300 HBD.
I actively vote on content; I try to ensure my voting power never falls below 70%, so I limit my votes to 50% of my voting power. Community building is also a daily task: commenting, helping and encouraging new members, generating initiatives or projects and offline activities. This always comes back, even if it's not measurable monetarily, as some things have great spiritual value, but no economic value.
Another area in which I've increased my long-term investment is permanent HSBI units. I now have a total of 892 units. This allows me to have a stable and secure income on Hive through my publications.
If you want to learn more about HSBI Click Here
Finally, I'm looking to diversify my earnings through Layer 2 tokens and liquidity pools.
The remaining tokens not on the holding list are being converted to Hive or one of the listed tokens to be included in liquidity pools or staking.
My token list remains focused on the following list:
Staking token delegations:
@pob.voter, which gives me 0.15 HIVE weekly.
@centtoken, for which I receive 0.06 SWAP.HBD weekly.
@bee.voter, with a reward of 0.027 HIVE every seven days.
@gestion.alive, which gives me between 1 and 1.5 ALIVE per week.Due to the LEO model update, the rewards associated with this token may vary significantly in the near future. It remains to be seen whether they are positive or, on the contrary, incentivize us to pivot.
Of the $BBH token, I own 10,432.86 BBH, which gives me a weekly profit of 0.04820759 SWAP.HIVE and 0.064 LEO. The amount of BBH increases each time I use the !BBH command to tip a user.
As for BBHO, the goal is to reach 10,000. I currently own 586.80 BBHO. This token can be earned by using #bbh as the first hashtag in your posts.
BBH and BBHO are tokens that pay dividends for holding or staking them.
The changes are minimal; the increase in liquidity pool participation is covered by token rewards from curation or conversions.
These ideas are aimed at users who, like me, have very little or no capital to start investing. The main uses are profits obtained through publishing content on the Hive blockchain or through the use of faucets or PTC pages. All the opportunities and possibilities mentioned here are related to the Hive blockchain and its Layer 2 tokens. If you have a large capital or monthly investment amounts of more than $100, your investments should be elsewhere (although these would also work). Time and patience are key.
I repeat, what you do with your money is your responsibility. Do your research before investing.
If you have any ideas or questions to share, I'd love for you to leave them in the comments.
