A Way To Earn More Hive On Hive While You Sleep
Well there are lots of ways to earn Hive on the Hive eco-system while you sleep but the current one that has the best APR so far, is the utopis project. Yeah, I know I made a post about the utopis project some hours back, but this time around am doing it for a a giveaway, this is my first giveaway entry on Hive and am hoping I win this giveaway.
I’m not a fan of giveaway sometimes because it’s competitive, but am ready to do this one and take my chances because of the benefits of having Utopis. If you have read my previous you will see the benefit of it, but if you haven’t, don’t worry I will tell you what the benefits are.
So utopis, is a centralized Hive engine token by @chronocrypto that gives you incentives every Monday. So all you have to do is buy the token and hold to earn these incentives. These incentives are:
*Hive
*SIM
*APE
*SPS
*STEM
*BEE
*CINE
*ARCHON
Recently there has been some new developments that enables you earn more bonus to the addition of your weekly incentives. All you have to do is stake your utopis, and you will be liable to earn this bonus. To unstake it you will need 4 weeks to completely unstake it.
So How Does Utopis Generate These Incentives?
Well the brain behind the project is really working so hard. He has some Ethereum mining machine he bought, profits generated from mining Ethereum is used to buy hive and trade the hive engine tokens that are distributed to all holders every Monday.
Other hustles like door dash,are also put in place to earn more money to buy and send incentives. So practically @chronocrypto is making money outside the hive ecosystem and investing it on the hive ecosystem. But do you know, there is only one person hustling everyday to make sure we get our weekly Incentives, and he is a very good hustler. There are risks surrounding the utopis token, the risks is, since this man makes profit from mining Ethereum, what happens when his miners stop working, well what do we do? I guess the genius will think or create an alternative for us to earn. But don’t forget he runs a door dash hustle also.
The total number of utopis that was created was 1 million tokens, 850,000 was burnt to create scarcity and value for the token. So we currently have 150,000 minted tokens and slightly above 8,000 tokens in circulation.More information
So this is the amount of token, if the demand for these tokens get high, what do you think the value of the utopis token will be. So now we are getting incentives for holding utopis but our token is simultaneously increasing. This is one of the coolest ways of earning Hive on Hive.
If you want to get some utopis token, you can get them on Hiveengine, tribaldex and leodex. If you still have more questions you can join the discord
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But where the money comes front? xD
He has an Ethereum mining machine that mines Ethereum, profits generated from mining Ethereum is used to buy hive and share to utopis holders. He also runs a door dash hustle.
Funny yet interesting, that is as long as long as utopis is worth something?
Interesting self propelling machine basically :3
I'm not sure I understood exactly how I'd make more Hive while sleeping. Are you saying that owning this coin pays me dividends in the form of various tokens? So the person who started the coin bought mining equipment and he's tied the token to the profits of the mining? Interesting.... sounds almost like you're investing in cloud mining.
December am still getting it hard to understand too,but I just hope he comes back and share more light on this too,cause to me it is not really clear too
The creator of the utopis token, has a mining machine that mines ethereum, profits generated from mining Ethereum is used to buy hive and distribute to holders
Thanks. That's what I thought was being said. I wonder what the "guarantee" is that all the mining profits will continue to be paid out in this manner... interesting concept though... kinda like a crowd funded mining investment where you'd be able to sell your "shares" at any time by selling the coins.
It’s good you understand, @chronocrypto is always updating us with the project both on discord and through his post. Incase of any changes that might occur, he will let us know, but for now there is guarantee.
Ok,now I get it point of view,aside that nice username mate
Thanks a lot champ.
Champ for where,,have not gotten to that level yet,but hopefully we get dere definitely one day mate
Thanks for that word
That shit involves a lot of trust, cryptocurrency was build to get rid of middelmen and make money trustless... this utopis is just plane stupid, as is Prince / @readthisplease .
Profits generated from mining Ethereum is used to buy hive and other hiveengine tokens that are distributed to the coin holders.
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utopis is the best token I have invested this far I will try to buy more each week or maybe monthly but I will surely increase the amount in my wallet for sure.
thanks for the post and good luck with the contest.
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Thanks a lot for the appreciation, it’s funny that I read about utopis for the first time through your past post. Your post enlightened me and motivated me to invest. Thanks, I hope I win the airdrop
you are welcome. oh, if my post my help to you that is really great.
Welcome and good luck 🙏
I dont believe in any of these tokens except maybe the SplinterLands, which I also dont use. LasseCash is the only one to reward truth content and paid 10X per year recently on the pool. Stem and Ape are made by a BALLHEAD. DYOR.