Over a year ago, there was a project launched on the 'old' blockchain that captured the attention of a lot of people...
The SPI Fund.
This was a club / fund that looked to profit long term over smart investing and compounding right here on the blockchain.
You weren't just paid from buying and then selling tokens at a profit, this thing started to send you weekly dividends for holding the token. A concept that really didn't seem to match of the 'day trading obsession' that is found in crypto.
Get rich.... Slowly !
Was their mission statement....And for those of us that weren't that well versed in the intricacies and techniques of the professional traders...SPI spoke to us.
Little did I know what would be coming down the pipeline once we made the switch to Hive...
I honestly don't know if SPI ( @spinvest ) was the first, or if the concept of an 'income token' found it's roots on Hive...The DeFi space on Ethereum is flooded with complicated formulas and projects that produce potential big returns if you have the skin to stick with it...
But for little old me, the SPI concept was brilliant!
However it wasn't until I discovered the BRO Fund ( @brofund ) that got me seriously considering this method of investing as the future for my growth on the blockchain....BRO is...Awesome!
Here's the concept, you buy BRO tokens and the fund then goes and invests the HIVE they earn from the sales, into buying select tokens...That give you a return from staking and investing. The fund then pays out 50% of all curation rewards to token holders, buys miners to increase returns and even has a dCity that pays holders in SIM as well.
Buy one token, get paid in a bunch....But here's the kicker, if you never SELL your BRO you are paid dividends..For ever.
Again....This is a concept I have followed in traditional investing for a long time...Dividend paying stocks. I keep the stock, and get paid dividends every quarter.
Income Tokens!
We loved the concept so much that we took some of the traditional 'slow and steady' investment concepts and brought them to the blockchain when we built the INDEX ( @he-index ) Token.
Buy one token, get paid in multiple...But it's based off the market of Hive Engine. We're essentially trying to 'index' the market and provide a product that helps people interested in this model to dive into the game.
Get paid every day in dividends, never sell your token.
And that's just scratching the surface of what is being built now on Hive-Engine and the LeoDex markets.
DHEDGE ( @taskmanager ) and ARCHON ( @archon-mining) are sleeping giants in my opinion. These two projects really do the complicated math behind the scenes, so investors can simply buy, hold and enjoy the daily dividends!
And wait until LBI ( @lbi-token) fully launches and starts paying out rewards...SPI was just the beginning of what @silverstackeruk has up his sleeves!
O.K., maybe I'm super biased here....
But I do think these layer 2 'income tokens' have a MASSIVE future ahead.
It does against the traditional way of looking at investing in crypto tho...As most people try to flip for quick profits, while these projects seem to be setting up for a much more long term approach to things.
I myself...Will be stocking up, dollar coast averaging into these projects and enjoying the dividend payments every day!
And who knows...Maybe down the road, the people that share the vision these tokens have...Can live off their dividend earnings each and every day.
What a future that will be!!
