Salut Lions. No much talking this time around with some chacharas and salutations so let's get down to business.
I'm not discovering hot water, most likely most of you know about this yet this may be useful for newcomers and future Lions. There is a way to steadily earn passively Leo Tokens. This is one of many ways around, and probably the simplest besides blogging and commenting on posts which is via HP (hive power) delegation to @leo.voter
What is to delegate?
To delegate is an action that any individual user of the Hive blockchain can perform. This action consists in transferring your Hive Power rights to any individual of your desiring, thus giving the receiver all the benefits that comes behind it. It's important to know and clarify that when a user delegates, it is not losing any portion of the delegated stake but only the benefits, until they decide to undelegate.
How To Delegate HP?
First you must login in https://leofinance.io/. After accessing, go to your "wallet" and click on HIVE BLOCKCHAIN WALLET as it's shown in the image bellow
In order to delegate, click on the "delegate" option. After it, be sure to correctly write down the account of the user you're going to delegate to. In our case @leo.voter, then choose the amount you want to delegate (see images bellow) and click continue.
After it, you will be redirected to HiveSigner, just click "continue and we are set!
The @netaterra's Case
I'm going to use @netaterra's account as example to try to accurately measure how many $Leo rewards and daily passive income you can receive if you do this practice.
So @netaterra has delegated so far 10,000 HP to @leo.voter. By doing this, he is receiving daily $Leo payments. Let's see the average of his last Ten transactions received.
@netaterra got 11.322 $Leo, that's an average of 1,1322 $Leo over the last Ten days. Not bad for just a delegation, isn't it?
If we compare the daily amount with current's price, that's roughly 0,698 cents of passive income in daily basis. Now, there are many options from here on. For instance:
- User can stake Leo, and generate even more income via upvoting.
- User can use the passive income earnings to buy back Hive, power up, delegate more to @leo.voter, repeat the process.
What's even better, by doing this process you are benefiting both $Hive and $Leo because:
In order to get passive incomes, Hive must be staked and delegated. That means some $Hive not going anywhere.
If you re-invest your passive earnings to buy more Hive and repeat, you are helping $Hive
By delegating to leo.voter, you're not just helping yourself but at the same time you are helping a proven enterprise that pretty much know what's doing.
Pros
- Steady passive income
- Passive income generated is subject to increase its price (go down as well)
- Given the upside Leo, Hive, and some communities are having; This is a great deal to accumulate crypto with a cheap move.
To conclude is suffice to say that delegating HP to @leo.voter can be pretty much beneficial either for Hive as for Leo. Although this mining strategy is basic, it may work wonders for you, specially if you are a big stakeholder who doesn't have the time for curation.
LeoFinance deserves by far to be a Top 20 witness. Help our cause by voting for this amazing community in the link bellow
https://hivesigner.com/sign/account-witness-vote?witness=leofinance&approve=1
HIVE ON AND ROAR WITH LEO!!
Leo dividers by @barge
Thumbnail by @mariosfame