Investment is one of ways to gain financial freedom and everyone should endeavor to do so because it has future benefits
Investment (in financial terms) basically means distributing or putting money, assets with the aim of generating income or profits for a later period of time.
It can be either in crypto, real estate, stocks, bonds etc.
Cryptocurrency investment has evolved and there are many platforms where one can invest in, Hive blockchain is one of them.
In What Ways Can One Invest in the Hive Blockchain?
Let's see some of the ways;
- Purchasing and Holding Hive Token
One can invest in Hive by buying Hive tokens from any cryptocurrency exchange platforms.
The token gives one ownership in the Hive blockchain and allows for participation in the governance of the blockchain and equally benefit when eventually the price appreciates.
By holding the token, the individual is directly investing in the growth of the blockchain.
- Engaging in Hive Power Up
Powering up Hive tokens is another great way to invest in Hive. Official Hive Power Up Day #hpud is 1st of every month but one can do so any other day.
On this day, participants stand a chance to win Hive Power delegations and other prizes including getting the HPUD badge by @hivebuzz.
This is a beautiful way to support the ecosystem which in turn gives one influence in the community to curate contents and earn curator's reward or support other content creators by tokens delegation.
- HBD (Hive Backed Dollar) token savings
HBD is a stablecoin in Hive that is pegged to the US dollar and it is backed by the assets of the community. Investing in the HBD gives an interest of 20% APR.
Since I learnt about it, I've been moving my HBD earnings to savings.
- Hive Power delegation
This means loaning Hive power either to a content creator or a project on Hive.
This is a great investment opportunity because you are not only supporting their growth, you also earn some rewards.
- Content Creation
On Hive, content creators invest their time and skills to publish quality articles, which can gain upvotes, and engagements from other users. The Hive tokens earned can be invested in any of the earlier mentioned ways.
- Investing in decentralized applications (dApps).
There are various dApps that are built on the Hive ecosystem which covers areas such as blogging, gaming, finance etc.
One can invest in Hive by supporting these dApps through buying in-app tokens, participating in their token sales, or becoming an early adopter of some viable projects like in LeoFinance UI, BBH, Splinterlands, etc.
- Exploring Hive-Backed Tokens
Hive, being decentralized serves as a bedrock for other blockchain projects to float their own tokens on the Hive network, and one is free to invest in any.
Some of the token are Leo tokens, BBH, I am Alive, Gosh, Dreem, Hive Engine token etc.
- Final Words
Investing in Hive blockchain is profitable but remember to do a thorough research first to avoid risks.
This is my entry for the weekly engagement