Growing Hive blockchain stake with a 10K HP milestone
Don't get me wrong, I love all the secondary layer tokens that I am invested in because of the amazing communities behind them like gaming (SPS, DEC, STARBITS, SIM or LVL) or financial (LEO, LBI, CTP, VYB or POB), but my first love is HIVE. Being the base layer cryptocurrency on Hive blockchain it has utility value that is boosted by all the projects that get developed in this feeless ecosystem.
Let's not forget that this year we have two airdrops for HIVE holders: one from Speak Network that already started in the form of Larynx Miners and another that will come during the year for a new blockchain game known as Ragnarok. So you see, the benefits of this base layer extend into more uses cases and bring more revenue. On top of that, the value is harvested from the main scope of the token and that is received rewards from content creation and curation.
Looking at some analytics from HiveStats, we can see that in the last 30 Days I had an account growth structured in Author rewards of 124.89 HIVE worth $142.38 and Curation rewards of 35.33 HIVE worth $40.28. Cumulating both revenue channels I end up with 160.22 HIVE worth $182.66 for the month. At the moment my Hive balance stands at 6,776.353 HP, which means that until the 10,000 HP target I need to gather more than 3,223 HP. At a median rate of 160 HP per month that would translate into 20 Months or about 1.7 Years. Is it too long...? I think this would take more than expected and probably I need to help speed up reaching the target with some other revenue channels.
I am participating in several Diesel Pools on TribalDex and probably I will redirect some of the gains to exchange to HIVE and powerup. As well I am tapped into most important Hive blockchain games like Splinterlands, DCity, RisingStar or DCrops which should provide additional revenues as well. I intend to complete the goal by the end of the year if not sooner. I also have 700 Liquid HIVE which I might use for that if needed as well. I feel that getting to 10,000 HP simply proves that I am a serious user of the Hive ecosystem and that I am well invested in its future. Let's see how I manage to reach this goal, but nevertheless laying it down provided more motivation and focus on it.
What are your goals in regards to HIVE and HIVE Power?
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One of my plans is to get into some of those Diesel Pools, plus, I'm going I can get to 8k staked Leo by the end of the year. You're doing really well for yourself.
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Thanks for the encouragement as I need to jump a considerable hop to get there. Wish you to up your game and reach 8K LEO and even 10k as a round figure.
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Yeah 10k is a possibility, I'm at 6.7k currently. Hopefully we all reach our goals before the end of the year.
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Keep building what you are holding. That is vital.
We all can see how the compounding is helping many.
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Exactly, building is vital and i'm glad that through some of my compounding ventures i've been able to increase my asssets.
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For Hive, I would like to make it to 5k HP by the end of the year but I have a feeling I won't really reach it. I have considered changing out my HBD into Hive and it would probably help me get there faster. However, I am also thinking that HBD is a great option so my HBD has been going towards that right now.
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Both HIVE and HBD are great assets providing different earnings models. I am trying to advance forward with both of them, while probably I would need a bigger bump on my HIVE as I have a clear goal set for it.
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Lots of choices.
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Your Hp and mine are quite close. I’m also looking on closing on 10k before end of year. I think I’m confident it’ll happen. Somehow.
Goodluck with your goals
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Yeah, with some consistent content creation and curation we should both get there.
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I was in the pools with tribaldex. But I have redeem then all because it's not clear. Every day I would checked on them. I just get the units holding of the two. I'm not sure if Im earned anything. You get payout every 24 hrs, but is it added on automatically or I need to claim. I know that the prices can go up and down. So that's confusing !
For Hive, I would like to make it to 2k HP.
Have a great day.
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I also have a goal of having 10k HP before the year ends, I’m at 3.9k that’s approximately 6k+ to get to my goal. The only alternative I have is trade other crypto outside Hive, make profit, use them to buy Hive and power up.
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If you can do it successfully, that is a great way to generate money and push it back into Hive.
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Yeah, I am setting some HBD aside in my savings solely for that purpose.
Great job.
It all starts with Hive Power. That is something a lot of people overlook. The more Hive Power one has, the more things open up.
Keep stacking at the base layer.
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True indeed and I must say that I appreciate the most HIVE and HBD prior to the other assets. Simpy because of the utility they provide and opportunities that might come in the future.
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Best of luck for your 10K goal :)
I am with you on this as Hive is my main concern followed by the second layer tokens. I would like to see 100K HP at some point and then just grow as big as possible after that. No rush as this is long term.
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Right, base layer tokens are the ones that we need to nurture and attend first, while secondary layer tokens follow on that. Governance is powerful and people still didn't wrap their heads around that!
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Absolutely spot on and many do miss just this. I am a fan of the secondary level tokens as they play a vital role in the entire eco system but hive has to be the main or priority above all of them.
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